About Clovia
Clovia is a company based in Delhi (India) founded in 2012 by Soumya Kant, Pankaj Vermani, Neha Kant, and Suman Chowdhury was acquired by Reliance Retail in March 2022. Clovia has raised $25.26 million across 8 funding rounds from investors including Reliance Retail, IvyCap Ventures and ACT Grants. The company has 318 employees as of April 02, 2024. Clovia offers products and services including Bras, Panties, Nightwear, Activewear, and Shapewear. Clovia operates in a competitive market with competitors including Shyaway, Zivame, Bummer, Freecultr and Enamor, among others.
- Headquarter Delhi, India
- Employees 318 as on 02 Apr, 2024
- Founders Soumya Kant, Pankaj Vermani, Neha Kant, Suman Chowdhury
- Stage Minicorn
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Sectors
Retail
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Email
Locked
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Phone
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Website
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Social
Locked
- Legal Name Purple Panda Fashions Limited
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$14.49 M (USD)6.15as on Mar 31, 2021
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Net Profit
-$749.36 K (USD)59.79as on Mar 31, 2021
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EBITDA
-$400 K (USD)75.84as on Mar 31, 2021
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Total Equity Funding
$25.26 M (USD)
in 8 rounds
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Latest Funding Round
Not available
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Investors
Reliance Retail
& 27 more
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Employee Count
318
as on Apr 02, 2024
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Acquired by
Reliance Retail
(Mar 20, 2022)
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Products & Services of Clovia
Clovia offers a comprehensive portfolio of products and services, including Bras, Panties, Nightwear, Activewear, and Shapewear.
Supportive undergarments for various outfits and activities.
Comfortable underwear options for daily wear.
Relaxed clothing for lounging and sleeping.
Performance gear for workouts and physical activities.
Garments that enhance body contours under clothing.
Skincare and haircare items for daily routines.
Funding Insights of Clovia
Clovia has successfully raised a total of $25.26M across 8 strategic funding rounds. 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.
Investors in Clovia
Clovia has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Reliance Retail, IvyCap Ventures and ACT Grants.
| Investor | Description | Founded Year | Domain | Location |
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Seed capital grants are provided to incubate and accelerate innovations.
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Venture capital firm investing in female-led startups and building founder communities in India.
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Venture capital fund investing in edtech startups
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Investor details for Clovia
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Investments & Acquisitions by Clovia
Investment portfolio details for Clovia
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- Transaction dates
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Financial Statements - Clovia
Detailed financials for Clovia
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Clovia Comparisons
Peer comparison for Clovia
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- Named peers
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Competitors of Clovia
Clovia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shyaway, Zivame, Bummer, Freecultr and Enamor, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category women's fashion apparels are offered via an online platform.
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Women's apparel and innerwear are offered via an online-first platform.
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Online platform offering multi-category innerwears and swim suite for both mena nd women
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Internet first brand offering eco-friendly innerwear for men and women
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Women's apparel is offered via an internet-first brand model.
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Detailed competitors of Clovia
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Latest news on Clovia
Complete news archive for Clovia
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Frequently Asked Questions about Clovia
Clovia was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Clovia is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Pankaj Vermani is the current CEO of Clovia. They have also founded this company.
Clovia is a funded company, having raised a total of $25.26M across 8 funding rounds to date.
As of Apr 02, 2024, the latest employee count at Clovia is 318.
Annual revenue of Clovia is $14.49M as on Mar 31, 2021.
Clovia was founded in 2012 in Delhi, India, as an internet-first brand focused on womens innerwear apparel. Products such as bras, panties, nightwear, maternity wear, robes, masks, and hair accessories are offered through its online platform. A mobile application is available for Android and iOS devices to support customer access and purchases in the apparel sector.
Clovia offers Bras, Panties, Nightwear, Activewear, and 2 more products and services.
Clovia has 28 investors. Key investors include Reliance Retail, IvyCap Ventures, ACT Grants, She Capital, and Pidilite.
The valuation of Clovia is $41.56M as of Jul 2020.