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Fashion startups betting on speed, to deliver in 60 min
Mint Hyderabad
|May 08, 2025
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.
This story is from the May 08, 2025 edition of Mint Hyderabad.
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