ZILO Raises $15.3 Million in Series A Funding Led by Peak XV Partners

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

The round also saw strong follow-on participation from existing investors InfoEdge Ventures and Chiratae Ventures, who invested $2.5 million each.

Additional participants included Alteria Capital, Stride Ventures, and a group of prominent angel investors from India’s startup and consumer internet ecosystem.

Strong Angel Backing from Consumer Internet Leaders

The Series A round attracted a notable group of angel investors, including:

• Lalit Keshre (Groww)
• Kunal Shah (CRED)
• Sachin Oswal (Originity)
• Ayyappan R (FirstClub)
• Abhishek Bansal (Shadowfax)
• Sreevathsa Prabhakar (Servify)
• Preeta Sukhtankar (Foxtale, Luma Fertility)

The participation of operators across fintech, logistics, D2C, and consumer platforms reflects confidence in ZILO’s execution and category vision.

Fueling Expansion and Category Creation

ZILO plans to deploy the fresh capital to:

• Expand operations across new markets
• Strengthen its technology and fulfilment stack
• Build brand recall in urban India
• Scale its curated fashion catalogue

“This round strongly validates our belief that fashion and speed don’t need to be trade-offs,” said Padmakumar Pal, Co-founder and CEO of ZILO.

“With the continued backing of our existing partners and creative leadership from Anaita, we’re building a new category where curated fashion meets the immediacy customers now expect.”

Peak XV on the Opportunity in Fashion

Kriti Gupta, Vice President at Peak XV Partners, highlighted the structural shift underway in fashion consumption.

“Indian customers’ preferences are changing rapidly, yet fashion has largely been shopped the same way. ZILO has the potential to fundamentally transform the customer experience and build a category-defining platform,” she said.

The firm sees fashion as one of the last large consumer categories yet to fully benefit from quick-commerce-led reinvention.

Building Fashion at Quick-Commerce Speed

Founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, ZILO operates a fashion quick-commerce platform delivering apparel within 60 minutes.

Key features of the platform include:

• Partnerships with 200+ fashion brands
• 60-minute delivery across select urban zones
• Home trials for select categories
• Instant returns to reduce purchase friction

ZILO follows a vertically integrated model, combining dark stores with brand-partner outlets to optimise inventory and fulfilment speed.

A New Bet on Instant Fashion

By blending curated assortments, fast delivery, and flexible returns, ZILO is targeting consumers who want convenience without sacrificing style or choice.

With strong investor backing and early traction, the startup is positioning itself to carve out a distinct category at the intersection of fashion discovery and quick commerce — an area that could reshape how urban India shops for apparel.