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Clovia is a predominantly lingerie retailer under parent company Purple Panda Fashions Pvt. Ltd.
Noida based Clovia currently sells innerwear through its website clovia.com, as well as offline stores. Nearly 75 percent of Clovia’s sales come from its website and its physical stores, launched in 2017, account for the remaining 25 percent. The retailer’s product line includes bras, panties, nightwear, intimate care products, menstrual hygiene products, and active wear. During COVID-19, Clovia released essential products like masks, PPE kits, protective goggles, latex gloves, digital infrared thermometers and much more. In April 2017, Clovia raised $4 million in a funding round led by Singularity and Ravi Dhariwal, former CEO of media house Bennett Coleman & Co. Ltd. In June 2015, IvyCap Ventures invested $4.7 million into the Noida-based firm. Earlier, Zurich-based Mountain Partners had invested in a seed round.
Legal Name
:
Purple Panda Fashions Pvt. Ltd
Headquarters
:
Noida, Uttar Pradesh, India
Founding Date
:
2012
No. of Employees
:
151 to 250
Core Team
:
1.
Neha Kant
Founder & Director
2.
Pankaj Vermani
Founder & CEO
3.
Suman Chowdhury
Co-Founder & COO
Total Funding
$21.8M
Investors
:
1.
Ravi Dhariwal
2.
IvyCap Ventures Advisors Private Limited
3.
Singularity Ventures
4.
Mountain Partners
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