Social Networking Startup Slick Raises $1.6M in Seed Funding Round

Social networking startup Slick for GenZ users, has recently raised $1.6 million in a seed funding round. The funding was led by WEH Ventures and participated in by iSeed, All In VC, Titan Capital, and a number of angel investors, including Sumit Gupta, the founder of CoinDCX. 

This new funding will be used to enhance Slick's user experience, drive innovation, and develop new features to attract more users.

Slick's Funding History

Last year, Slick raised $500k in a pre-seed round led by Unacademy's founders, along with several angel investors and early-stage VCs such as Kunal Shah, Sujeet Kumar, Titan Capital, and Blume Founders Fund. With this funding, Slick aims to become the ultimate social networking platform for GenZ users to discover social connections through multiple innovative features such as anonymous compliments and candid profiles.

Founded by Archit Nanda and Rachit Bansal, Slick launched in December 2022 and has already amassed over 1 million users from more than 5,000 schools and colleges in India. The demand for a more authentic and engaging social networking experience is evident from the company's growing user base.

WEH Ventures Launches Second Fund

WEH Ventures launched its second fund in June 2021, with a target to raise Rs 100 crore. The fund has already backed several category-leading companies such as smallcase, Jar, Masterchow, Appsforbharat, and Pratilipi.

Slick's success in securing funds from reputable investors highlights the potential for social networking platforms that cater to specific demographics such as GenZ. With the new funding, Slick will be able to further enhance its user experience and continue developing innovative features that appeal to its target market.

Source: ENTRACKER