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economictimes.indiatimes.com / 1 year ago
Fashion delivery startup Slikk Club raises $3.2 million
Slikk Club has raised $3.2 million (about Rs 27.7 crore) in a funding round led by global venture capital firm Lightspeed.
The round also saw participation from early-stage venture capital firm Multiply Ventures and other angel investors including Tracxn founder Abhishek Goyal, DST Global's Saurabh Gupta and Panthera Peak Ventures’ Nikhil Bhandarkar.
The firm will use the funds for expanding operations in Bengaluru, aiming to cover 80% of the city's pin codes by setting up dark stores, expanding into new categories, adding more brands to the platform and strengthening its leadership team.
“Until now, we were offering western wear. With this round, we’re moving to much larger dark stores and expanding into categories such as ethnic wear, footwear, beauty and personal care (BPC), accessories and wearables, luggage, backpacks and more,” cofounder and chief executive Akshay Gulati told ET.
Slikk Club aims to expand into tier-1 and tier-2 cities over the next five years, while also branching out into other lifestyle categories. The company operates two dark stores and plans to open three more by September. It also aims to expand its presence to Mumbai and Delhi-National Capital Region.
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Founded in 2024 by Gulati, Om Prakash Swami and Bipin Singh, the vertical quick commerce startup focuses on fashion and lifestyle, offering 60-minute deliveries across Bengaluru. It has more than 80 brands listed on the platform, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers and Bewakoof.
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markets
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