India, May 29 -- Archit Nanda and Rachit Bansal's quick fashion startup Knot is in talks to raise about $3 Mn in its maiden funding round led by Kae Capital, sources told Inc42.

The discussions are at an advanced stage, and the round is expected to be closed soon, the sources added.

The round will also see participation from WEH Ventures and All In Capital.

Queries sent to Knot and Kae Capital on the funding round didn't elicit any response till the time of publishing this story.

Knot is a pivot from Slick, Nanda and Bansal's previous startup which allowed users to compliment each other anonymously. Slick aimed to revive personalised connections on social media and boost users' confidence. It raised $2.1 Mn funding from WEH Ventures, ...