Home / Knowledge / News / Fashion / IvyCap puts in Rs 30 cr in online lingerie retailer Clovia
IvyCap puts in Rs 30 cr in online lingerie retailer Clovia
10
Jun '15
Courtesy: Clovia
Courtesy: Clovia
IIT and IIM alumni-backed venture capital firm IvyCap Ventures has invested in online lingerie retailer Clovia, showcasing the continuing interest by risk capital investors in backing ventures specifically catering to women consumers, according to media reports.

While both, IvyCap Ventures and Clovia, confirmed the investment, they declined to disclose the exact size of the transaction.

IvyCap has an investment ticket size ranging between Rs 25-30 crore, while picking up between 25 per cent to 35 per cent in each of its portfolio companies.

"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," said Vikram Gupta, founder and managing partner, IvyCap Ventures.

According to one forecast, the online lingerie market in India is set to grow at a CAGR of 42.32 per cent over the period 2014-2019. (SH)

Fibre2fashion News Desk – India


Must ReadView All

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Revise trade laws, tariffs: US envoy to India

Textiles | On 21st Aug 2018

Revise trade laws, tariffs: US envoy to India

Urging India to rethink trade barriers, tariffs and regulations, US...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search