With the clothing market of India, which was expected to surpass $ 109 billion by 2025, swallow is ready to seize the chance in hyperlocal fast-fashion solutions.
Slikk, 60 minutes of fashion-delivery platform, has collected $ 10 million in a Serie A-round led by Nexus Venture Partners, with participation in the existing investor light.
The financing will be used to feed the next growth phase of Slicken, including the launch of new lifestyle categories, rollouts of immediate returns and expansion to more urban pin codes.
“SLIKK, Sinds het begin heeft een hoogwaardige klantervaring opgeleverd via ons 60 minuten durende leveringsmodel. Merken hebben nieuwe gebruikers op een hyperlokaal niveau kunnen ontgrendelen. Met deze nieuwe ronde zijn we van plan om die belofte te verdubbelen en een aanzienlijk breder scala aan producten en ervaringen aan onze klanten te bieden,” zei Akshay Gulati, co-founder & CEO, Slikk.
While it scales, coaleses in categories such as beauty and personal care (BPC), shoes, accessories and wearables, while its presence is extensively about important subways. The introduction of instant returns will further improve its seamless shopping experience and strengthen customer confidence.
Pratik Poddar, partner at Nexus Venture Partners, said: “After we have viewed the consumer behavior of fast trade, we are convinced that fashion is the final next border for digital disruption. The insights of the deep category of the swallow team are exactly what this moment requires.
“We licked swallow in the seed phase because their view of fashion trade was refreshing its time. The team built a product that really resonates with its customers, reflected in strong retention and involvement. We are happy to double our investment and to support Akshay and the focus of the team on newer categories and a broader audience, Lightsp.
With the clothing market of India, it is expected that $ 109.45 billion in 2025 and the beauty and personal care segment of more than $ 34 billion, swallow is well positioned to tackle the rising demand for hyperlocal fast-fashion solutions.
Founded in 2024 by Gulati, to Prakash Swami and Bipin Singh, the vertical fast trade startup focuses on fashion and lifestyle and offers 60 minutes of deliveries. It has more than 80 brands on the platform, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers and Guardian.
Published on 27 May 2025
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