Social networking startup Slick raised $1.6 million in seed led by WEH Ventures where iSeed Ventures, All In Capital, existing investor Titan Capital, along with Sumit Gupta (Coin CDX Founder and CEO), Subh Malhotra (MPL cofounder), Ashutosh Valani and Priyank Shah (cofounders of Renee), Vivek Sinha (COO Unacademy), Amit Kumar (cofounder and CEO NoBroker), Abhishek Goyal (cofounder Tracxn), Rohith Bhat (CEO 99Games), Arjun Viadya (cofounder V3 Ventures), and Ankit Agarwal (Partner Alteria Capital) also participated.
The funds will be used to improve Slick’s user experience, drive innovation, and develop cutting-edge features to attract more users, according to Slick.
Through innovative features, the Bengaluru-based startup aims to become the ultimate platform for discovering social connections. Furthermore, Slick is focusing on providing a new platform by removing the old digital ecosystem, which has been saturated by the rise of passive media and has diluted the true purpose of social media, which is to connect people.
Slick’s CTO, Rachit Bansal, commented on the investment, saying, “Today’s generation hasn’t seen that side of social networks where Insta used to be more about photo sharing with friends and you could ‘poke’ friends on Facebook.”
Slick, which was founded in 2022 by former Unacademy executive Archit Nanda, claims to have onboarded over 1 million users across 5000+ schools and colleges in India. However, earlier this year, it was the victim of a data breach incident, which exposed sensitive information of primarily school-aged children. Since December 11, this security lapse has resulted in the leakage of data containing full names, mobile numbers, dates of birth, and profile pictures of Slick users, which were left open without a password.
