ZILO Raises $15.3 Mn in Series A Round Led by Peak XV Partners

ZILO, a fashion quick commerce startup, has raised USD 15.3 million (around INR 140 crore) in a Series A funding round led by Peak XV Partners, which invested $8 million.

Existing investors InfoEdge Ventures and Chiratae Ventures reinvested USD 2.5 million each. The round also included Alteria Capital, Stride Ventures, and several angel investors from the startup and consumer internet space.

The round also included angel investors such as Lalit Keshre (groww founder & CEO), Kunal Shah (CRED founder), Sachin Oswal (Orginity founder), Ayyappan R (FirstClub founder), Abhishek Bansal (Shadowfax CEO), Sreevathsa Prabhakar (Servify founder), and Preeta Sukhtankar (equity partner at Foxtale and Luma Fertility).

With this latest funding round, ZILO plans to expand operations, invest in technology, boost brand building, and grow beyond its current markets.

Read also- Chini Kum raises Rs 1 crore Pre-seed funding

“This round is a strong validation of our belief that fashion and speed don’t have to be trade-offs. With the backing of all our existing partners, and the creative leadership of Anaita, we’re building a new category where curated fashion meets the immediacy customers now expect. The capital will help us scale thoughtfully, deepen our tech and deliver a truly elevated fashion experience at quick-commerce speed” said Padmakumar Pal, Co-founder & CEO, ZILO.

Kriti Gupta, Vice President at Peak XV Partners added, “We believe the preferences of Indian customers are evolving quickly and fashion continues to be shopped the same way. ZILO has the potential to transform the customer experience and build a category defining platform.”

Founded by former flipkart and myntra executives Padmakumar Pal and Bhavik Jhaveri, ZILO runs a fashion quickcommerce platform that delivers apparel within 60 minutes. 
The brand partners with over 200 brands and offers home trials and instant returns. It uses a vertically integrated model, combining dark stores and brand outlets to manage inventory and fast deliveries.

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