ZILO Bags USD 15.3 Mn in Series A Round Led by Peak XV Partners Led by Peak XV Partners with USD 8 million, existing investors InfoEdge Ventures and Chiratae Ventures invested USD 2.5 million each, with participation from Alteria, Stride and angel investors.
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Fashion quick commerce startup ZILO has raised USD 15.3 million (around INR 140 crore) in a Series A funding round led by Peak XV Partners, which contributed USD 8 million.
Existing backers InfoEdge Ventures and Chiratae Ventures participated again, investing USD 2.5 million each. The round also saw participation from Alteria Capital, Stride Ventures and several angel investors from the startup and consumer internet ecosystem.
The angel investors in the round include Lalit Keshre, founder and CEO of Groww; Kunal Shah, founder of CRED; Sachin Oswal, founder of Orginity; Ayyappan R, founder of FirstClub; Abhishek Bansal, CEO of Shadowfax; Sreevathsa Prabhakar, founder of Servify; and Preeta Sukhtankar, equity partner at Foxtale and Luma Fertility.
This funding follows a USD 4.5 million seed round raised in June last year, which was led by Info Edge Ventures and Chiratae Ventures.
With the latest round, ZILO plans to scale its operations, invest further in technology, strengthen brand building, and expand its presence beyond its current markets.
Founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, ZILO operates a fashion-focused quick commerce platform that delivers apparel within 60 minutes.
The brand currently operates in Mumbai and plans to expand to additional cities over the next 12–14 months.
ZILO works with over 200 fashion brands and offers services such as home trials and instant returns. It follows a vertically integrated operating model that combines dark stores with brand outlets, allowing it to manage inventory and delivery timelines more efficiently.
The startup said the fresh capital will also be used to strengthen its supply chain and enhance the overall customer experience.
While quick commerce has expanded rapidly across categories such as groceries and daily essentials, the fashion segment is still evolving. ZILO aims to deepen its capabilities and build scale in this space as it expands to new markets.
In the fashion quick commerce landscape, ZILO faces competition from players such as Mumbai-based KNOT, which recently raised USD 5 million, along with Slikk and Myntra, which has been expanding its quick fashion delivery services across multiple cities.
