GenZ focused social networking app Slick raises seed fund

Source: Shashank Pathak/ Entrackr

• Slick, a social networking platform for GenZ, has raised $1.6 million in a seed funding round led by WEH Ventures with participation from iSeed, Titan Capital (an existing investor), and All In VC. The Round also saw participation from a clutch of angel Investors including Sumit Gupta (Founder, CoinDCX), and others.
• The funding will be used to enhance Slick’s user experience, drive innovation, and develop new features to attract more users, the company said in a press release. 
• Last year, Slick raised $500k in a pre-seed round led by Unacademy’s founders (Gaurav Munjal, Roman Saini, and Hemesh Singh) and other angel investors – Kunal Shah, Sujeet Kumar, and early-stage VCs Titan Capital and Blume Founders Fund. 
• Founded by Archit Nanda and Rachit Bansal, Slick aims to become GenZ’s ultimate platform to discover social connections through multiple innovative features such as anonymous compliments and candid profiles. 
• Since launching in December, Slick claims to have amassed over 1 million users spread across more than 5,000 schools and colleges in India which is a testament to the demand for a more authentic and engaging social networking experience. 
• Early stage venture capital fund WEH Ventures launched its second fund with a target to raise Rs 100 crore in June 2021. The fund has already backed several category-leading companies such as smallcase, Jar, Masterchow, Appsforbharat and Pratilipi.

Source: Shashank Pathak/ Entrackr