Fashion quick commerce startup ZILO has raised $15.3 Mn (about INR 140 Cr) in its Series A funding round led by Peak XV Partners, along with participation from InfoEdge Ventures, Chiratae Ventures, Alteria Capital, Stride Ventured.
While Peak XV infused $8 Mn (about INR INR 67 Cr), InfoEdge and Chiratae Ventures invested $2.5 Mn (about INR 20.8 Cr) each .
Angel investors like Lalit Keshre (founder and CEO, Groww), Kunal Shah (founder, CRED), Sachin Oswal (founder, Orginity), Ayyappan R (founder, FirstClub), Abhishek Bansal (cofounder, Shadowfax), Sreevathsa Prabhakar (founder, Servify) & Preeta Sukhtankar (equity partner, Foxtale & Luma Fertility) also participated in the funding round.
The Mumbai-based startup plans to deploy the capital to scale operations, strengthen brand building, and invest in technology. Additionally, it plans to deepen its presence in Mumbai and expand to additional cities.
Former Flipkart and Myntra exec Padmakumar Pal, along with Bhavik Jhaveri, launched ZILO in 2025. It is an online fashion marketplace featuring trendy outfits from brands like Levi’s, Louis Philippe, United Colors of Benetton, Rare Rabbit, and Jack & Jones. It claims to deliver clothes in under 60 minutes, with features like home trials and instant returns.
The startup claims that upon delivery, a ZILO executive waits for up to 30 minutes, allowing customers to instantly return items that don’t fit.
Last year, ZILO raised $4.5 Mn in seed funding round co-led by Info Edge Ventures and Chiratae Ventures.
(The story will be updated soon)
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