Fashion quick commerce startup ZILO has raised $15.3 million (Rs 140 crore) in its Series A funding round led by Peak XV Partners, per an announcement.
Peak XV Partners invested $8 million in the round, while existing investors InfoEdge Ventures and Chiratae Ventures doubled down in the round with $2.5 million each, the startup said in a statement.
The round also witnessed participation from Alteria Capital, Stride Ventures, and angel investors including Lalit Keshre (Founder and CEO, Groww), Kunal Shah (Founder, CRED), Sachin Oswal (Founder, Orginity), Ayyappan R (Founder, FirstClub), Abhishek Bansal (CEO, Shadowfax), Sreevathsa Prabhakar (Founder, Servify) & Preeta Sukhtankar (Equity partner, and Foxtale & Luma Fertility), the statement added.
ZILO said the funding will enable it to offer one of the largest selections from top fashion brands under a single roof in a quick commerce format, strengthen its position in Mumbai, and expand to a few additional cities. The company will also continue investing in technology and teams to further improve customer experience.
The announcement comes soon after ZILO partnered with celebrity stylist and fashion editor Anaita Shroff Adajania as Style Director and equity partner, a strategic collaboration aimed at enhancing curated fashion experiences on the platform.
“We’re putting fashion shopping back in the right order—replacing endless scrolls with adequately relevant choices, expert-styled looks, the convenience of Home Trials, and the reliability of super-fast delivery. The confidence our partners have shown in us strongly validates the vision. This capital will help us accelerate geographic expansion, deepen our platform and technology investments, and build a vertically integrated, fashion-first supply chain designed for speed, selection, and service,” said Bhavik Jhaveri, co-founder & CIO, ZILO.
Founded by ex-Flipkart and ex-Myntra leaders, ZILO delivers on-trend outfits from over 200 national, international, and D2C brands in under 60 minutes, with features like home trials, instant returns, and personalised style recommendations.
