Funding · Commerce & Consumer Brands

Zilo raises $15.3m in series a funding round

By Startup Enthusiast · 5 February 2026

What they do

Zilo delivers fashion items in under 60 minutes with home trials and instant returns

Peak XV Partners led the $15.3 million Series A raise for the Mumbai-based startup

The funds will support expansion into new cities over the next 12 to 14 months

Zilo has raised $15.3 million in its Series A funding round.
Peak XV Partners led the investment for the fashion quick commerce startup.
InfoEdge Ventures and Chiratae Ventures participated as existing investors doubling down.
Alteria Capital and Stride Ventures also joined the funding round.
Angel investors including Lalit Keshre and Kunal Shah participated in the deal.
Co-founders Padmakumar Pal and Bhavik Jhaveri previously worked at Flipkart and Myntra.
Style director Anaita Shroff Adajania serves as an equity partner at Zilo.
The company plans to use the funds to scale operations and expand markets.

Zilo operates in the expanding fashion quick commerce segment beyond groceries.
The Indian quick commerce market is projected to reach $40 billion by 2030.
Previous competitor Blip shut down due to lack of capital last year.
Zilo differentiates itself with home trials and instant returns features.
The startup aims to expand into select new cities within the next 12–14 months.

Zilo offers fashion quick commerce with vertically integrated sourcing and warehousing.
Customers receive deliveries in under 60 minutes across Mumbai.
The platform stocks over 200 brands including Levi’s and Louis Philippe.
Features include home trials where execs wait up to 30 minutes.
Instant returns are available to enhance customer experience and trust.
Zilo launched in 2025 and currently operates only in Mumbai.
The business model focuses on deepening customer experience through technology investments.
Brands stocked include Rare Rabbit, Jack & Jones, and United Colors of Benetton.

Peak XV Partners (lead) — Leading venture capital firm participating in the Series A round.
InfoEdge Ventures (existing) — Existing investor doubling down with a $2.5 million participation.
Chiratae Ventures (existing) — Existing investor doubling down with a $2.5 million participation.
Alteria Capital (participated) — Venture capital firm participating in the funding round.
Stride Ventures (participated) — Venture capital firm participating in the funding round.

Product: quick commerce startup
Customers: Consumers buying fashion and apparel online.
How it makes money: B2C fashion quick-commerce sales through branded inventory and partner supply.
What sets it apart: Hybrid supply chain with 60-minute delivery and brand partnerships.
Operations: Operates in Mumbai and plans to expand to more cities.