Quick-fashion commerce startup Slikk is targeting a monthly gross merchandise value (GMV) of ₹90-100 crore from Bengaluru by March as it expands its dark-store network and prepares to enter Delhi and Mumbai within the next six to nine months, according to Akshay Gulati, co-founder and chief executive officer.
The Bengaluru-based company has grown nearly 10x over the past six to seven months. Currently, Slikk operates six dark stores in the city and plans to add four more over the next two months. By the end of the year, the company expects to operate around 12 dark stores across Bengaluru.
“We’re also on track to reach ₹45-50 crore in monthly GMV over the next two months,” Gulati said.
However, Slikk’s expansion comes as the quick-fashion segment faces growing questions about the sustainability of rapid delivery models. Several startups have struggled to scale in the category, while established fashion platforms such as Myntra and Reliance Retail have also introduced faster delivery services within their existing ecosystems.
Despite these challenges, Slikk is relying on repeat purchases and stronger unit economics to drive its growth. Gulati said the company’s repeat rate ranks among the highest in India’s fashion marketplace sector, covering both established and emerging fashion platforms.
Currently, Slikk offers more than 25,000 SKUs on its platform, with approximately 40-45% coming from its “BAU drivers”, or products that consistently contribute to sales. This product mix allows the company to focus on items that generate sustained customer demand.
Unlike several consumer internet companies that depend heavily on discounts to encourage repeat purchases, Slikk claims that it offers negligible discounts to returning customers. “All our repeats are driven by great serviceability, our curation getting better month on month, and a better selection coming on board,” Gulati said.
Furthermore, Slikk claims to generate positive contribution margins at the order level. Gulati said the company currently records the highest net CM1 among quick-commerce players. Meanwhile, its burn has declined by 50% over the past six months, while CM2 has continued to improve each month.
As the company scales, Slikk is also positioning itself as a broader fashion destination for consumers aged 18-35 rather than limiting its identity to quick fashion.
“We’re evolving into a primary fashion destination for everyone in the 18 to 35 age group, and that’s working really well for us,” Gulati said.
Slikk has raised $13.5 million through three funding rounds and plans to raise additional capital over the next couple of months. The company secured $300,000 in pre-seed funding, followed by a $3.2 million seed round led by Lightspeed and a $10 million Series A led by Nexus Venture Partners, with participation from Lightspeed.
