ZILO Secures $15.3 Million Series A Funding to Revolutionize Fashion Quick Commerce

Lead Investor: Peak XV Partners invested $8 million, its first major bet in fashion quick commerce.
Existing Backers: InfoEdge Ventures and Chiratae Ventures doubled down with $2.5 million each.
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.
Business Model: ZILO promises 60-minute delivery of fashion products, offering home trials and instant returns to enhance customer convenience.
Expansion Plans: Funds will be used to scale operations beyond Mumbai, invest in technology upgrades, and build a stronger customer experience ecosystem.

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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.