Image Source: BW Disrupt
Mumbai-based fashion quick commerce startup ZILO has raised $15.3 million (₹140 crore) in a Series A round led by Peak XV Partners, with participation from InfoEdge Ventures, Chiratae Ventures, Alteria Capital, Stride Ventures, and prominent angel investors. The funds will fuel expansion beyond Mumbai, strengthen technology, and enhance customer experience.
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Fashion quick commerce startup ZILO, founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, has announced a successful Series A funding round worth $15.3 million (₹140 crore). The round was led by Peak XV Partners, marking one of the largest early-stage bets in India’s emerging vertical quick-commerce space.
Notable Updates
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Lead Investor: Peak XV Partners invested $8 million, its first major bet in fashion quick commerce.
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Existing Backers: InfoEdge Ventures and Chiratae Ventures doubled down with $2.5 million each.
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Additional Participation: Venture debt firms Alteria Capital and Stride Ventures, along with angel investors including Kunal Shah (CRED), Lalit Keshre (Groww), and Abhishek Bansal (Shadowfax), joined the round.
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Business Model: ZILO promises 60-minute delivery of fashion products, offering home trials and instant returns to enhance customer convenience.
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Expansion Plans: Funds will be used to scale operations beyond Mumbai, invest in technology upgrades, and build a stronger customer experience ecosystem.
Major Takeaways
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ZILO is positioning itself as a pioneer in vertical quick commerce, focusing exclusively on fashion.
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The funding reflects investor confidence in rapid-delivery models beyond food and grocery.
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With strong backing and innovative service offerings, ZILO aims to disrupt India’s fashion retail landscape.
Sources: Moneycontrol (Feb 5, 2026); ETRetail
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