Clovia Lingerie Receives Rs. 25-30 crore Funds

In aim to expand its global footprint, Clovia Lingerie, a massive online Lingerie portal formerly known as MoodsofCloe has accepted an investment of Rs.25-30 crore from IvyCap Ventures.

Though the IIT and IIM alumni-backed venture capital firm IvyCap Ventures has confirmed the investments, the exact amount hasn’t been disclosed yet. The founder and managing partner of IvyCap Venture Virkam Gupta says “We are quite excited about the lingerie space. It’s a hugely under-served market, and Clovia provides value for money, access to potential customers and substantial variety of products,”.

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