New Delhi, Feb. 6 -- Fashion has rarely been associated with speed. Unlike groceries or food delivery, apparel shopping has traditionally relied on browsing, trials, and delayed fulfilment. ZILO is betting that this assumption no longer holds.

The Mumbai-based fashion quick commerce startup has raised $15.3 million (Rs. 140 crore) in a Series A round led by Peak XV Partners, with participation from InfoEdge Ventures, Chiratae Ventures, Alteria Capital, Stride Ventures, and a group of prominent angel investors.

Peak XV invested $8 million, while InfoEdge Ventures and Chiratae Ventures committed $2.5 million each, doubling down on their earlier bets. The round reflects growing confidence that fashion can be delivered at quick-commerce spe...