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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Last Round
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First Round
First Round
(16 Apr 2013)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Grant - Clovia | Valuation |
investors |
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| Jul, 2020 | Amount | Series B - Clovia | Valuation | She Capital , Golden Birch Resources | |
| Jan, 2019 | Amount | Series B - Clovia | Valuation | AT Capital Group , IvyCap Ventures Advisors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed capital grants are provided to incubate and accelerate innovations.
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Founded Year | Domain | Location | |
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Venture capital firm investing in female-led startups and building founder communities in India.
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Founded Year | Domain | Location | |
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Venture capital fund investing in edtech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clovia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clovia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clovia Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category women's fashion apparels are offered via an online platform.
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| domain | founded_year | HQ Location |
Women's apparel and innerwear are offered via an online-first platform.
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| domain | founded_year | HQ Location |
Online platform offering multi-category innerwears and swim suite for both mena nd women
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| domain | founded_year | HQ Location |
Internet first brand offering eco-friendly innerwear for men and women
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| domain | founded_year | HQ Location |
Women's apparel is offered via an internet-first brand model.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clovia
Frequently Asked Questions about Clovia
When was Clovia founded?
Clovia was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Clovia located?
Clovia is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Clovia?
Pankaj Vermani is the current CEO of Clovia. They have also founded this company.
Is Clovia a funded company?
Clovia is a funded company, having raised a total of $25.26M across 8 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Apr 16, 2013.
How many employees does Clovia have?
As of Apr 02, 2024, the latest employee count at Clovia is 318.
What is the annual revenue of Clovia?
Annual revenue of Clovia is $14.49M as on Mar 31, 2021.
What does Clovia do?
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.
What products or services does Clovia offer?
Clovia offers Bras, Panties, Nightwear, Activewear, and 2 more products and services.
Who are Clovia's investors?
Clovia has 28 investors. Key investors include Reliance Retail, IvyCap Ventures, ACT Grants, She Capital, and Pidilite.
What is Clovia's valuation?
The valuation of Clovia is $41.56M as of Jul 2020.