ZILO, a fashion quick commerce startup, has raised $15.3 million (₹140 crore) in a Series A funding round led by Peak XV Partners, which invested $8 million. Existing investors InfoEdge Ventures and Chiratae Ventures doubled down in the round with $2.5 million each.
This round also witnessed participation from Alteria Capital, Stride Ventures and angel investors, including Lalit Keshre (Founder and CEO, Groww), Kunal Shah (Founder, CRED), Sachin Oswal (Founder, Orginity), Ayyappan R (Founder, FirstClub), Abhishek Bansal (CEO, Shadowfax), Sreevathsa Prabhakar (Founder, Servify) & Preeta Sukhtankar (Equity partner, Foxtale & Luma Fertility).
The fresh funds raised will be used to scale operations, strengthen brand building, invest in technology, expand to new markets and build an elevated customer experience.
The announcement comes soon after ZILO partnered with celebrity stylist and fashion editor Anaita Shroff Adajania as Style Director and equity partner, a strategic collaboration aimed at enhancing curated fashion experiences on the platform.
In June 2025, ZILO raised $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures.
Founded in 2025 by Padmakumar Pal and Bhavik Jhaver, ZILO simplifies last-minute fashion shopping by delivering on-trend outfits from leading brands.
Over the next 12–14 months, ZILO plans to deepen its capabilities and expand its market presence. ZILO also plans to offer one of the largest selections from top fashion brands under a single roof in a quick commerce format, strengthen its position in Mumbai, and expand to a few additional cities. The company will also continue investing in technology and teams to further improve customer experience.
Padmakumar Pal, Co-founder & CEO, ZILO, said, “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.”
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. The confidence our partners have shown in us strongly validates the vision. 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.”
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.”
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 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.”
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. We have strong conviction in the team’s ability to build a scaled, differentiated business with best-in-class unit economics.”
