Mumbai-based fashion quick commerce startup ZILO has secured $15.3 million in a Series A funding round led by Peak XV Partners, marking the venture capital firm’s first major investment in a vertical quick commerce platform. The round also saw participation from existing investors InfoEdge Ventures and Chiratae Ventures, alongside venture debt investors Alteria Capital and Stride Ventures.
The funding round drew several high-profile angel investors, including Kunal Shah (CRED), Lalit Keshre (Groww), Abhishek Bansal (Shadowfax), Sreevathsa Prabhakar (Servify), and Sachin Oswal (Orginity). Founded in 2025 by Padmakumar Pal and Bhavik Jhaveri, both former Flipkart and Myntra executives, ZILO operates a fashion quick commerce platform promising deliveries from over 200 brands within 60 minutes. The company also offers features like home trials and instant returns.
ZILO recently partnered with celebrity stylist and fashion editor Anaita Shroff Adajania, who joined as Style Director and equity partner. She will curate exclusive trend-led collections and style edits on the ZILO app.
The company plans to use the fresh capital to expand operations beyond Mumbai, enhance its technology infrastructure, strengthen branding, and deepen customer engagement across key metro markets over the next year.
“This round is a strong validation of our belief that fashion and speed don’t have to be trade-offs,” said CEO Padmakumar Pal. Peak XV’s Vice President Kriti Gupta added that ZILO has the potential to redefine the online fashion shopping experience in India’s fast-evolving quick commerce segment.
