Tag: Clovia

Reliance Retail acquires majority stake in Clovia

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Reliance Retail Ventures Limited (RRVL) announced acquisition of 89% equity stake in Purple Panda Fashions Private Limited, which owns and operates the Clovia business, with an investment of Rs 950 crore through a combination of secondary stake purchase and primary investment. The Founding team and management will own the balance stake in the Company, a…

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Noida-based online lingerie brand Clovia raises $4 mn in pre-Series C round

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Clovia, a lingerie brand that designs and manufactures premium lingerie catering specifically to indian body types, has raised $4 million in a pre-Series C funding round led by a clutch of investors including Golden Birch Investments and SheCapital Venture Fund.  The company will utilise the fresh capital to expand into new categories, pushing the brand…

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