Fashion quick commerce startup ZILO has raised $15.3 million in funding in a round led by Peak XV Partners, according to a company statement, thereby strengthening its expansion plans. At the same time, existing investors InfoEdge Ventures and Chiratae Ventures also participated in the round.
The startup said it will deploy the fresh capital to scale operations, invest in technology, and expand into new markets as it accelerates growth across India.
Notably, Peak XV Partners invested $8 million, while InfoEdge Ventures and Chiratae Ventures contributed $2.5 million each. In addition, the round included participation from Alteria Capital and Stride Ventures, along with several angel investors. These angels include Lalit Keshre, Kunal Shah, Sachin Oswal, Ayyappan R, Abhishek Bansal, Sreevathsa Prabhakar, and Preeta Sukhtankar, among others.
Furthermore, the company confirmed that the funding will support expansion beyond Mumbai over the next year. Simultaneously, ZILO plans to strengthen its technology stack and enhance customer experience capabilities.
Founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, Mumbai-based ZILO promises fashion delivery within 60 minutes. Additionally, the platform offers features such as home trials and instant returns, creating a seamless shopping experience.
Currently, ZILO works with more than 200 fashion brands and is actively building a vertically integrated operating model that prioritises speed, assortment, and control. Meanwhile, the fundraising follows ZILO’s strategic partnership with celebrity stylist and fashion editor Anaita Shroff Adajania, who joined the company as style director and equity partner. The company said the collaboration aims to strengthen curation and styling across the platform.
“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,” said Padmakumar Pal, Co-founder & CEO, ZILO.
Bhavik Jhaveri, Co-founder & CIO, ZILO, said, “We’re putting fashion shopping back in the right order—replacing endless scrolls with adequately relevant choices, expert-styled looks, the convenience of home trials, and the reliability of super-fast delivery.”
He added, “This capital will help us accelerate geographic expansion, deepen our platform and technology investments, and build a vertically integrated, fashion-first supply chain designed for speed, selection, and service.”
Commenting on the investment, Kriti Gupta, Vice President at Peak XV Partners, said, “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.”
Importantly, the funding arrives at a time when quick commerce companies are experimenting with verticalised models, particularly in fashion. The segment presents unique challenges around logistics, inventory management, and returns, making ZILO’s approach especially relevant.
From an investor perspective, Anoop Menon, Consumertech lead at Chiratae Ventures, said, “ZILO’s next round is an early validation of our vertical quick commerce thesis and the belief that the premium fashion shopping experience is still broken and offline. The founder’s experience has helped ZILO leapfrog in early traction to take on larger established players in Mumbai.”
Similarly, Kitty Agarwal, Partner at InfoEdge Ventures, said, “Our continued investment in Zilo reflects our conviction in the emergence of vertical fashion quick commerce and the growing demand for convenience-led fashion discovery.”
ZILO is positioning itself at the intersection of fashion, speed, and convenience, redefining how Indian consumers shop for apparel. With strong backing from top-tier investors, a vertically integrated model, and creative leadership driving curation, the startup is well placed to build a category-defining fashion quick commerce platform as it scales beyond Mumbai.
