Quick-fashion commerce startup Slikk plans to expand its Bengaluru dark-store network to around 12 locations by the end of the year and enter Delhi and Mumbai over the next six to nine months, as it targets monthly gross merchandise value of ₹90-100 crore from Bengaluru by March.
The Bengaluru-based company currently operates six dark stores in the city and plans to add four more over the next two months, co-founder and chief executive officer Akshay Gulati said. Slikk expects to reach monthly GMV of ₹45-50 crore within the next two months, according to Gulati.
Dark stores are fulfilment locations designed to process online orders rather than serve walk-in customers. Their expansion will allow Slikk to widen its local inventory and support faster delivery as it moves beyond Bengaluru. The company has more than 25,000 stock-keeping units on its platform, with about 40-45 per cent classified as products that consistently contribute to sales.
Slikk’s plans come as quick-fashion businesses face questions over whether rapid delivery can support a sustainable operating model. Several startups have struggled to scale, while larger fashion companies, including Myntra and Reliance Retail, have added faster delivery options to their existing platforms.
Gulati said Slikk is relying on repeat purchases, product selection and serviceability rather than heavy discounting. He claimed that the company’s repeat rate is among the highest in India’s fashion marketplace sector and that returning customers receive negligible discounts. According to Gulati, repeat orders are being driven by serviceability, improved curation and a broader selection.
The company also claims to have positive order-level contribution margins. Gulati said Slikk currently has the highest net CM1 among quick-commerce players, while its burn has declined by 50 per cent over the past six months. He added that CM2 has been shrinking each month. These figures are company claims and were not independently verified in the report.
Slikk is repositioning itself from a quick-fashion platform to a broader fashion destination for consumers aged 18 to 35. The shift could expand the role of its dark-store network from supporting rapid delivery of selected products to serving a wider catalogue of fashion demand across urban markets.
The company has raised $13.5 million across three funding rounds. This includes $300,000 in pre-seed funding, a $3.2 million seed round led by Lightspeed and a $10 million Series A led by Nexus Venture Partners, with participation from Lightspeed. Slikk is planning another fundraise over the next couple of months, Gulati said.
The next operational milestones are the addition of four Bengaluru dark stores over the next two months, the target of about 12 stores in the city by year-end and the planned entry into Delhi and Mumbai within six to nine months.
