About Clover Ventures
Clover Ventures is a Business Services company based in Bengaluru (India) founded in 2016 by Santosh Narasipura, Gururaj Rao, Arvind Murali, and Avinash B R. It delivers comprehensive risk and supply chain management solutions. It operates on a B2B model. Clover Ventures has raised $13.5 million across 3 funding rounds from investors including Accel, IvyCap Ventures and Alteria Capital. The company has 87 employees. Its Indian entity Clover Ventures Private Limited reported revenue of ₹36.81 Cr. Its focus areas include Consulting and Business Services, Risk Management, Supply Chain Management and Comprehensive Solutions.
Company details
Clover Ventures, based in Bengaluru, focuses on consulting and business services, managing risk solutions, managing supply chains, and comprehensive solutions. Delivers comprehensive risk and supply chain management solutions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 87
- Founders Santosh Narasipura, Gururaj Rao, Arvind Murali, Avinash B R
- SectorsBusiness Services
- Website clover.ag
- Legal Name Clover Ventures Private Limited
- Date of Incorporation 04 May, 2018
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹36.81 Cr
FY 2024 · -55% YoY
- Net Loss-₹52.21 Cr
FY 2024 · -142% margin
- EBITDA-₹50.24 Cr
FY 2024 · -136% margin
- Total Equity Funding$13.5M (USD)
in 3 rounds
- Latest Funding Round$8M (USD), Series B
Sep 2022
- InvestorsAccel
& 4 more
- Employee Count87
Associated legal entities of Clover Ventures
Clover Ventures operates through Clover Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Clover Ventures Private Limited CIN U74999KA2018PTC112837 | Active | 04 May 2018 | Bangalore, Karnataka | ₹36.8 Cr | 87 | 5 | View details |
Funding Insights of Clover Ventures
Clover Ventures has successfully raised a total of $13.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $13.5M
- Total Rounds 3
- Last Round Series B — $8M
- First Round $5.5M
(Feb 2020)
- Investors Count 5
All 3 funding rounds of Clover Ventures with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $8M | Series B | – | IvyCap Ventures Advisors | – |
| May 2020 | $924,342 | Debt – Conventional | – | – | |
| Feb 2020 | $5.5M | Series A | – | – |
5 investors in total: 5 institutional.
Investors in Clover Ventures
Clover Ventures has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Accel, IvyCap Ventures and Alteria Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in startups from leading Indian institutions across various sectors. | 2011 | ivycapventures.com | Mumbai, India | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Agritech startups are funded by Omnivore, a venture capital entity. | omnivore.vc | Mumbai, India | ||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Mayfield is focused on AI innovation and venture capital investments. | mayfield.com | Menlo Park, United States |
Investor details for Clover Ventures
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Clover Ventures Private Limited (Clover Ventures)
Clover Ventures Private Limited is the primary company behind Clover Ventures. The board of Clover Ventures Private Limited currently have 4 directors; the longest-serving is Avinash Ramamurthy Beluru, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Avinash Ramamurthy Beluru DIN 08125648 | Director | 04 May 2018 | 8 yrs 5 mo | Clover Ventures Private Limited |
| Arvind Murali DIN 08125649 | Director | 04 May 2018 | 8 yrs 5 mo | Clover Ventures Private Limited |
| Gururaj Sheshagiri Rao DIN 08125650 | Director | 04 May 2018 | 8 yrs 5 mo | Clover Ventures Private Limited |
| Ashish Wadhwani DIN 06620044 | Nominee Director | 26 Sep 2022 | 4 yrs | Clover Ventures Private Limited |
People of Clover Ventures
10 people are tracked at Clover Ventures (7 in leadership, 3 in team); the tracked headcount is 87.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Avinash B R | Co-Founder | Leadership |
Santhosh Narasipura | Co-Founder | Leadership |
Chhavi M. | Vice President Marketing | Leadership |
Neeraj Kumar Somani | VP Finance And Accounts | Leadership |
Manne Srikanth | Lead Sourcing And Planning | Team |
Gaurav Rekhawar | Customer Retention Manager | Team |
Shivling Swami | Quality Lead | Team |
Complete people profiles for Clover Ventures
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Clover Ventures
Figures of Clover Ventures Private Limited, the primary company behind Clover Ventures, for FY 2024. Revenue was ₹36.81 Cr (-55% year on year). Net loss was -₹52.21 Cr (-142% margin). EBITDA was -₹50.24 Cr (-136% margin). Revenue has grown at a compounded annual rate of +36% over three years and +93% over five years.
- ₹36.81 CrRevenue · FY 2024 · -55% YoY
- -₹52.21 CrNet loss · -142% margin
- -₹50.24 CrEBITDA · -136% margin
- ₹22.83 CrPaid-up capital
- 87Employees (provident fund records)
- +36%Revenue CAGR, 3 years
- +93%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Clover Ventures Private Limited are on its company page.
Detailed financial statements for Clover Ventures
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Clover Ventures
3 dated milestones of Clover Ventures across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Clover Ventures is founded.
- Funding First funding round of $5.5M.
- Funding Latest funding round, Series B, of $8.0M.
Top companies in Professional Consulting & Advisory
3 companies that operate in the same segment as Clover Ventures (Professional Consulting & Advisory) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of end-to-end solutions encompassing talent acquisition, workspace design and management, business operations, and payroll services | 2008 | Bengaluru, Karnataka, India | USD 197.78 M | USD 81.57 M | 341 | |
Provider of facility & project management, advisory, general contracting, and real estate development services | 2010 | Mumbai, Maharashtra, India | USD 117.79 M | USD 62.85 M | 15,502 | |
IT consulting, data analytics, and digital transformation services are provided. | 1990 | Pune, Maharashtra, India | USD 18.8 M | USD 1.57 B | 24,590 |
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Frequently Asked Questions about Clover Ventures
Clover Ventures was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Clover Ventures is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Clover Ventures is a funded company, having raised a total of $13.5M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Feb 2020.
Clover Ventures has 87 employees.
The primary company behind Clover Ventures, Clover Ventures Private Limited, reported revenue of ₹36.81 Cr for FY 2024, down 55% year on year.
Clover Ventures, based in Bengaluru, focuses on consulting and business services, managing risk solutions, managing supply chains, and comprehensive solutions. Delivers comprehensive risk and supply chain management solutions. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Clover Ventures has 5 investors. Key investors include Accel, IvyCap Ventures, Alteria Capital, Omnivore, and Mayfield.
Clover Ventures operates through Clover Ventures Private Limited.
The legal entities of Clover Ventures currently have 5 directors, including Avinash Ramamurthy Beluru, Madhura Bhat, Arvind Murali and others.