Latest news with #BhavikJhaveri
Economic Times
28-06-2025
- Business
- Economic Times
Fashion tech startup Zilo raises $4.5 million from Info Edge Ventures, Chiratae Ventures
TIL Creatives Fashion tech startup Zilo has raised $4.5 million in a seed funding round co-led by Info Edge Ventures and Chiratae Ventures, as the company looks to expand its quick commerce model for urban fashion Mumbai-based startup plans to use the capital to strengthen its hybrid supply chain, deepen brand partnerships, and expand beyond Mumbai to other metro cities by the end of the year. Founded by Padmakumar Pal, a former senior executive at ecommerce platforms Flipkart and Myntra, and Bhavik Jhaveri, Zilo delivers fashion and lifestyle products from over 250 brands, including Levi's, Louis Philippe, Puma, and The Souled Store, in under 60 minutes. The company said it also offers scheduled home trials, instant returns, and AI-powered style recommendations."Zilo is creating a space which has the best blend of Online and Offline retail experiences, where speed, quality, and curation can coexist. The current landscape is cluttered, overwhelming and less reliable, especially for the discerning consumers who value both convenience and style," CEO Pal of the upcoming festive season, the company plans to expand into new categories such as footwear, bags, and accessories, and scale up to 100,000 styles across its platform.'Our other quick commerce investments have proven three constants for the consumer; speed sparks adoption, personalisation grows conversions and basket size, and trust in consistent delivery fuels loyalty and frequency,' said Kitty Agarwal, partner at Info Edge Ventures. 'Zilo aims to deliver on all three fronts with 60 minutes' delivery, Home Trials, instant returns, and a hand-picked curation of the best brands.' Zilo's fundraise comes amid rising interest in ultra-fast fashion delivery from both emerging brands and large ecommerce players. Brands such as Newme, Slikk, Blip, and Snitch, along with platforms such as Myntra and Ajio, are focusing on rapid delivery. Slikk recently raised $10 million in a round led by Nexus Venture Partners. Earlier this month, omnichannel menswear brand Snitch raised around $40 million in a round led by 360 One Asset (formerly IIFL Wealth & Asset Management). Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Profits plenty, prices attractive, still PSU stocks languish. Why? Why Sebi must give up veto power over market infra institutions Oil, war, and the Hormuz gambit: Why the 2025 standoff won't mirror the 2022 shock! Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Titan Company bounces back after testing 200-DMA in June; breaks out from 1-month consolidation – what should investors do? Long- or medium-term investing: Invest in ability & balance sheet; 6 large-caps from different sectors, with upside potential of up to 36% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus These large- and mid-cap stocks can give more than 23% return in 1 year, according to analysts
Entrepreneur
27-06-2025
- Business
- Entrepreneur
ZILO Raises USD 4.5 Mn Led by Info Edge and Chiratae to Revolutionise Fashion Commerce
The capital will be deployed to help ZILO achieve product-market fit, strengthen its hybrid supply chain, forge brand partnerships, and expand its operations beyond Mumbai to other major Indian cities in the coming months. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fashion-tech startup ZILO has raised USD 4.5 million in seed funding, with Info Edge Ventures and Chiratae Ventures leading the round. The capital will be deployed to help ZILO achieve product-market fit, strengthen its hybrid supply chain, forge brand partnerships, and expand its operations beyond Mumbai to other major Indian cities in the coming months. ZILO was founded by Padmakumar Pal, a former Vice President at Flipkart and Myntra, and Bhavik Jhaveri, a serial entrepreneur. The platform is pioneering a new model in fashion retail, offering rapid delivery of curated styles from over 250 top brands such as Levi's, Puma, United Colors of Benetton, and The Souled Store. At its core, ZILO is designed for the quick-commerce era—delivering on-trend fashion in under 60 minutes, while enabling instant returns and scheduled home trials. Customers can try multiple items at home and return what they don't like immediately, streamlining the decision-making process. Operating through a mix of dark stores and partner brand outlets, ZILO ensures access to fresh, in-season products. "We founded ZILO to bring intentionality back into online fashion," said Padmakumar Pal, Co-founder and CEO. "Our platform offers a blend of online convenience and offline experience, where speed, quality, and curation coexist. Fashion discovery should be joyful, and we're here to deliver it seamlessly and reliably." Co-founder and CIO Bhavik Jhaveri added, "ZILO was created to solve a real consumer pain point. Power shoppers buy frequently, but today's retail landscape is fragmented and impersonal. We're rebuilding fashion retail from the ground up—combining discovery, delivery, and returns into one smooth, trustworthy experience." Currently live in Mumbai, ZILO plans to expand to multiple metros and add footwear, bags, watches, and fashion accessories to its offering—stocking nearly 100,000 styles by the festive season. Kitty Agarwal, Partner at Info Edge Ventures, commented, "ZILO's model delivers on speed, personalization, and trust—three critical factors for modern fashion consumers. We're excited to back a team that blends operational rigor with bold innovation to redefine how India shops for fashion." With its hyper-curated platform and rapid logistics, ZILO is set to reshape fashion e-commerce, offering a compelling new benchmark for convenience and consumer delight.
