A $1.6 million seed funding round led by WEH Ventures included participation from iSeed, Titan Capital (an existing investor), and All In VC for the GenZ social networking platform Slick. A number of angel investors, including Sumit Gupta (Founder, CoinDCX), took part in the round as well.
According to a press release from the company, the funding will be used to improve Slick’s user experience, foster innovation, and create new features to draw in more users.
The founders of Unacademy Gaurav Munjal, Roman Saini, and Hemesh Singh, as well as other angel investors Kunal Shah, Sujeet Kumar, and early-stage VCs Titan Capital and Blume Founders Fund, led a $500k pre-seed round for Slick last year.
Slick, which was founded by Archit Nanda and Rachit Bansal, aims to become the top social networking site for Generation Z by incorporating a variety of cutting-edge features like anonymous compliments and open profiles.
Slick claims to have over 1 million users across more than 5,000 Indian schools and colleges since its December launch, demonstrating the demand for a more genuine and interesting social networking experience.
With a goal of raising Rs 100 crore, early-stage venture capital firm WEH Ventures launched its second fund in June 2021. The fund has already supported a number of industry leaders, including smallcase, Jar, Masterchow, Appsforbharat, and Pratilipi.
