ZILO Raises $15.3 Million in Series A Funding for Fashion Quick Commerce Expansion

Fresh capital is flowing into fashion-focused quick commerce as Mumbai-based startup ZILO closes a Series A round aimed at accelerating growth in rapid apparel delivery and expanding its footprint beyond its home market. 

Funding Details and Investor Participation 

ZILO has raised $15.3 million, or about ₹140 crore, in its Series A funding round led by Peak XV Partners. Peak XV invested $8 million, equivalent to around ₹67 crore.  

Info Edge Ventures and Chiratae Ventures contributed $2.5 million each, or about ₹20.8 crore apiece. Alteria Capital and Stride Ventures also participated in the round.  

The funding saw additional backing from angel investors including Lalit Keshre, Kunal Shah, Sachin Oswal, Ayyappan R, Abhishek Bansal, Sreevathsa Prabhakar and Preeta Sukhtankar. 

Business Model and Expansion Plans 

Founded in 2025 by former Flipkart and Myntra executive Padmakumar Pal along with Bhavik Jhaveri, ZILO operates an online fashion marketplace offering apparel from brands such as Levi’s, Louis Philippe, United Colors of Benetton, Rare Rabbit and Jack & Jones. 

The platform promises delivery in under 60 minutes and allows home trials, with a ZILO executive waiting for up to 30 minutes post-delivery to enable instant returns.  

The startup plans to deploy the new capital to scale operations, strengthen brand building, invest in technology, deepen its presence in Mumbai and expand into additional cities. 

Competitive Landscape and Market Context 

Fashion quick commerce has gained traction as companies adapt rapid delivery models popularised in household essentials.  

Players such as Snitch, Slikk and NEWME offer clothing delivery within 60-90 minutes in select pincodes. Investor interest in the segment remains strong, with Slikk raising $10 million in a Series A round led by Nexus Venture Partners and KNOT securing $5 million in December 2025.  

Read More: AI Startup ElevenLabs Secures $500 Million In Series D Funding Round Led by Sequoia Capital!  

Conclusion 

With a $15.3 million Series A round in place, ZILO joins a growing group of startups betting on rapid fashion delivery as competition intensifies and investors position for the next phase of quick commerce growth in India. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.