India’s fast evolving fashion quick commerce segment continues to draw investor interest as ZILO has raised $15.3 million (around ₹140 crore) in a Series A funding round. The round was led by Peak XV Partners, which invested $8 million, while existing backers InfoEdge Ventures and Chiratae Ventures participated with $2.5 million each.
The funding round also saw participation from Alteria Capital and Stride Ventures, along with a group of angel investors including Groww founder Lalit Keshre, CRED founder Kunal Shah, Sachin Oswal, Ayyappan R, Abhishek Bansal, Sreevathsa Prabhakar, and Preeta Sukhtankar.
Founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, ZILO operates a fashion-focused quick commerce platform that enables apparel delivery within 60 minutes. The startup currently operates in Mumbai and plans to expand to additional cities over the next 12–14 months.
The fresh capital will be deployed to scale operations, strengthen technology infrastructure, expand into new markets, and build a more resilient supply chain. ZILO follows a vertically integrated operating model that combines dark stores with select brand outlets to manage inventory availability and delivery timelines more efficiently.
The platform works with over 200 fashion brands and offers features such as home trials and instant returns, positioning itself at the intersection of convenience-led commerce and fashion discovery. By controlling inventory and last-mile logistics, ZILO aims to reduce delivery times while maintaining assortment depth.
ZILO had earlier raised $4.5 million in seed funding in June last year, led by InfoEdge Ventures and Chiratae Ventures. Since then, the company has expanded its brand partnerships and strengthened its operational footprint in its core market.
The fashion quick commerce space has seen increased activity in recent months, driven by changing consumer expectations around speed and convenience. Startups such as KNOT, which recently raised $5 million, and incumbents like Myntra expanding rapid delivery offerings, underline growing competition in the segment.
With its latest funding, ZILO is looking to carve out a differentiated position in India’s emerging fashion quick commerce market by combining speed, selection, and flexible returns in a capital efficient model.
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