Slikk Raises $10 Million in Series A Led by Nexus Venture Partners

Shubham Kumar

27 May 2025 — 3 min read

Slikk Raises $10 Million in Series A Led by Nexus Venture Partners

Slikk, India’s first 60-minute fashion delivery platform, has raised $10 million in an all-equity Series A round led by Nexus Venture Partners, with participation from existing investors Lightspeed. The funding will fuel Slikk’s next phase of growth, including the launch of new lifestyle categories, rollout of instant returns, and expansion into more urban pin codes, further reinforcing its promise of speed and convenience in Indian e-commerce.

Since its inception, Slikk has demonstrated strong traction among India’s young and impulse-driven shoppers. With high customer retention and repeat usage, Slikk is rapidly emerging as the go-to destination for fashion delivered at speed. Its unique model combines curated fashion, Try & Buy convenience, instant refunds and rapid delivery, all within 60 minutes.

“Slikk, since inception has delivered a high-quality customer experience through our 60-minute delivery model. Brands have been able to unlock new users at a hyperlocal level. With this new round, we intend to double down on that promise and offer a significantly wider range of products and experiences to our customers,” said Akshay Gulati, Co-Founder & CEO, Slikk.

As it scales, Slikk will diversify into categories such as beauty and personal care (BPC), footwear, accessories and wearables, while extending its presence across key metros. The introduction of instant returns will further enhance its seamless shopping experience and strengthen customer trust.

Pratik Poddar, Partner at Nexus Venture Partners, said, “Having watched quick commerce reshape India's consumer behavior, we firmly believe fashion is the definitive next frontier for digital disruption. The Slikk team's deep category insights and strategic execution are precisely what this moment demands. We're incredibly excited to be long-term partners in shaping this future."

"We backed Slikk at the seed stage because their take on fashion commerce was refreshingly ahead of its time. The team built a product that truly resonates with its customers, reflected in strong retention and engagement. We are happy to double down on our investment and support Akshay and the team's focus on newer categories and reaching a wider audience across India." added Rahul Taneja, Partner, Lightspeed.

Slikk currently serves a dynamic audience of college students, young professionals, and urban shoppers heavily influenced by social trends.

With India’s apparel market projected to reach US$109.45bn in 2025, and the beauty and personal care segment exceeding $34 billion, Slikk is well-positioned to address the rising demand for hyperlocal fast-fashion solutions.

About Slikk

Slikk was founded by Akshay Gulati (CEO), Om Prakash Swami (CTO), and Bipin Singh (CPO), who bring extensive experience in building and scaling commerce platforms. Their expertise is now fueling innovation in fashion e-commerce. As India’s first quick-commerce fashion platform, Slikk delivers clothing and accessories within 60 minutes across Bangalore, eliminating long wait times and making shopping seamless. With its unique Try & Buy model, Slikk offers customers a hassle-free experience, redefining convenience in Indian e-commerce.

About Nexus Venture Partners

Nexus Venture Partners is a leading early-stage venture capital firm partnering with extraordinary entrepreneurs building product-first companies. With over $2.6 billion in funds under management, Nexus VP operates as one team across the U.S. and India. Nexus VP companies include Zepto, Rapido, IndiaShelter, Delhivery, Headout, Ultrahuman, Postman, Apollo.io, MinIO, Fingerprint, Neuron7.ai, Daloopa, Hasura, Observe.ai, Rancher, Pubmatic, Druva, H2O.ai and Turtlemint.

About Lightspeed

Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally, including Affirm, Acceldata, Carta, Cato Networks, Darwinbox, Epic Games, Faire, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Physics Wallah, Razorpay, Rubrik, Sharechat, Snap, OYO Rooms, Ultima Genomics, Zepto and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia.