Zilo Secures $15.3 Million Series A Funding Led by Peak XV for Fashion Quick Commerce

• Fashion quick commerce startup Zilo raised $15.3 million (approx. Rs 140 crore) in Series A funding, led by Peak XV Partners ($8 million).
• Existing investors InfoEdge Ventures and Chiratae Ventures contributed $2.5 million each; Alteria Capital, Stride Ventures, and angel investors also participated.
• The capital will be used to scale operations, invest in technology, enhance brand building, expand to new markets, and improve customer experience.
• Founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, Zilo delivers fashion from over 200 brands in under 60 minutes.
• The funding validates the growing investor confidence in category-focused quick commerce models, especially driven by Gen Z demand for speed in apparel purchases.