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Fashion startups betting on speed, to deliver in 60 min
May 08, 2025
|Mint Ahmedabad
While online shopping has been event-driven, impulse buys are dominated by offline retail
Funding for Indian fashion startups has sharply declined—from $611 million across 111 rounds in 2023 to just $55.9 million across 36 rounds in 2025, according to Tracxn data. Yet, despite dwindling investment, startups like Slikk and Accel-backed NEWME are doubling down on a risky, high-speed gamble: that consumers will pay for fashion delivered in under an hour.
Slikk has secured $3.2 million in seed funding from Lightspeed Ventures to scale its 60-minute delivery model, while NEWME, which raised $18 million in its Series A round, plans to offer 30-60 minute deliveries in Bengaluru and other metros.
"We will be ready to offer between 30-minute to 60-minute delivery in a lot of metro cities in a couple of months and that's a big priority for us," said Sumit Jasoria, co-founder of NEWME.
هذه القصة من طبعة May 08, 2025 من Mint Ahmedabad.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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