-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001172661-09-001458.txt : 20091027
<SEC-HEADER>0001172661-09-001458.hdr.sgml : 20091027
<ACCEPTANCE-DATETIME>20091027150940
ACCESSION NUMBER:		0001172661-09-001458
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20091027
DATE AS OF CHANGE:		20091027
EFFECTIVENESS DATE:		20091027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZEPHYR PEACOCK INDIA FUND II LP
		CENTRAL INDEX KEY:			0001432863
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-117197
		FILM NUMBER:		091139107

	BUSINESS ADDRESS:	
		STREET 1:		CODAN TRUST CO (CAYMAN) LTD
		STREET 2:		CRICKET SQUIRE, HUTCHINGS DRIVE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1111
		BUSINESS PHONE:		345-949-1040

	MAIL ADDRESS:	
		STREET 1:		CODAN TRUST CO (CAYMAN) LTD
		STREET 2:		CRICKET SQUIRE, HUTCHINGS DRIVE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1111

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Zephyr Peacock India Fund II Ltd
		CENTRAL INDEX KEY:			0001474955
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			O4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-135613
		FILM NUMBER:		091139108

	BUSINESS ADDRESS:	
		STREET 1:		INTERNATIONAL FINANCIAL SERVICES LIMITED
		STREET 2:		IFS COURT TWENTY-EIGHT
		CITY:			CYBERCITY
		STATE:			O4
		ZIP:			MU
		BUSINESS PHONE:		230-467-3000

	MAIL ADDRESS:	
		STREET 1:		INTERNATIONAL FINANCIAL SERVICES LIMITED
		STREET 2:		IFS COURT TWENTY-EIGHT
		CITY:			CYBERCITY
		STATE:			O4
		ZIP:			MU
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001432863</cik>
        <entityName>ZEPHYR PEACOCK INDIA FUND II LP</entityName>
        <issuerAddress>
            <street1>CODAN TRUST CO (CAYMAN) LTD</street1>
            <street2>CRICKET SQUIRE, HUTCHINGS DRIVE</street2>
            <city>GRAND CAYMAN</city>
            <stateOrCountry>E9</stateOrCountry>
            <zipCode>KY1-1111</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>345-949-1040</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <issuerList>
        <issuer>
            <cik>0001474955</cik>
            <entityName>Zephyr Peacock India Fund II Ltd</entityName>
            <issuerAddress>
                <street1>INTERNATIONAL FINANCIAL SERVICES LIMITED</street1>
                <street2>IFS COURT TWENTY-EIGHT</street2>
                <city>CYBERCITY</city>
                <stateOrCountry>O4</stateOrCountry>
                <zipCode>NA</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>230-467-3000</issuerPhoneNumber>
            <jurisdictionOfInc>MAURITIUS</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Limited Liability Company</entityType>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2009</value>
            </yearOfInc>
        </issuer>
    </issuerList>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Zephyr Peacock India II GP, L.P.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Codan Trust Co. (Cayman) Ltd</street1>
                <street2>Cricket Squire, Hutchings Drive</street2>
                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <zipCode>KY1-1111</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner and Class D Holder</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brian</firstName>
                <lastName>Kim</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>320 Park Avenue</street1>
                <street2>28th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Zephyr Management, L.P.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>320 Park Avenue</street1>
                <street2>28th Floor</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <zipCode>10022</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Zephyr Peacock India II GP, L.P. is a subsidiary of Zephyr Management, L.P.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <middleName>N/A</middleName>
                <lastName>Zephyr Peacock Management II Limited</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>International Financial Services Limited</street1>
                <street2>IFS Court Twenty-Eight</street2>
                <city>Cybercity</city>
                <stateOrCountry>O4</stateOrCountry>
                <zipCode>NA</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Investment Manager of Zephyr Peacock India Fund II Limited</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Not Applicable</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001172661-09-000688</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-03-31</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>125000000</totalOfferingAmount>
            <totalAmountSold>39134000</totalAmountSold>
            <totalRemaining>85866000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>20</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Affiliates are paid fees based on the assets under management and the performance of the fund.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ZEPHYR PEACOCK INDIA FUND II LP</issuerName>
                <signatureName>Brian Kim</signatureName>
                <nameOfSigner>Brian Kim</nameOfSigner>
                <signatureTitle>Authorized Signatory</signatureTitle>
                <signatureDate>2009-10-27</signatureDate>
            </signature>
            <signature>
                <issuerName>Zephyr Peacock India Fund II Ltd</issuerName>
                <signatureName>John Irwin</signatureName>
                <nameOfSigner>John Irwin</nameOfSigner>
                <signatureTitle>Authorized Signatory</signatureTitle>
                <signatureDate>2009-10-27</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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