Lingerie Retailer Clovia Secures Funds in Series A Funding From IvyCap

The online lingerie retailer, Clovia (earlier Cloe) has raised funds in a series A round of funding from IvyCap Ventures.

The funds raised will be primarily utilized for expanding globally, product innovation and extensions, marketing, team development and fulfillment capacity. As a part of their international expansion plans, the company has rebranded itself to Clovia.

Vikram Gupta, Founder and Managing Partner at IvyCap will be joining the board of Purple Panda Fashions Pvt. Ltd (parent company of Clovia)

Clovia has all types of lingerie on its platform, starting from different varieties of nightdresses, panties, bras among the many. The platform also has a fit test that can help the customers choose perfect fitting lingerie in just two minutes.

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