Clovia raised $4 Mn in the Pre-Series C round from multiple investors
Anisha Singh, founder of SheCapital Venture Fund, would be joining the company’s board of directors
Clovia claims to have attained a 50% growth in business this year compared to FY19, with 85% sales coming from online channels
Noida-headquartered online lingerie retailer Clovia has raised $4 Mn in a Pre-Series C round led by a clutch of investors including Golden Birch Investments and SheCapital Venture Fund.
With the funding round, Clovia also announced the appointment of Anisha Singh, founder of SheCapital Venture Fund, to its Board of Directors. The company said that Singh’s appointment would help Clovia tailor its customer-focused strategy at the topmost level in the company hierarchy.
According to the company, the new funds would be utilised for growth in all key business segments of the firm, as well as expanding into new categories, pushing the brand message, enhancing technology, and strengthening all…