Predict your next investment

Angel Investor (Individual)

See what CB Insights has to offer

Investments

2

Portfolio Exits

1

About Ravi Dhariwal

Ravi Dhariwal Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Ravi Dhariwal News

Online lingerie store Clovia raises $4 million in post-series A funding round

Jul 29, 2020

Ltd, a Delhi-based company, which operates online-first lingerie and sleepwear retailer Clovia , has gained two new investors nearly two years after its Series A round. The startup has bagged $4 million from existing investor Ivycap Ventures Advisors Pvt. Ltd and new investors — Singularity Ventures and Ravi Dhariwal. ADVERTISEMENT Commenting on the occasion, Mr. Pankaj Vermani, Co-Founder, and CEO at Clovia, said, “We are excited to welcome new Investors in Clovia. We look forward to a long-term relationship with them. We’re extremely excited to learn from experiences of the likes of Ravi who’ve developed some of the biggest consumer businesses in the country. ” The startup commenced operations in the year 2012. It was founded by Neha Kant, Suman Chowdhary and Pankaj Vermani. In 2013, it raised seed funding from Zurich-based Mountain Partners AG. Furthermore, the company raised an undisclosed amount in its Series A round in June 2015. The online lingerie portal offers women intimate apparel, night dresses, and accessories such as leggings, thermals, stockings and gift sets. Using smart technology/analytics, it monitors the sales trends and patterns on its website and manages its inventory accordingly, thus reducing the operational costs. Former BCCL CEO, Ravi Dhariwal, who participated in this round, said that he was delighted to partner with Clovia and impressed by the exponential strides they have made in the fashion space. He further added, “I am impressed by Clovia’s good growth potential going forward, and with the way, they have amalgamated technology and fashion and have disrupted the lingerie industry.” Clovia claims to have over 1.5 million visitors a month on its website, with nearly 80 percent of its sales happening through its website and app on mobile. The company offers nearly 200 styles per month with best working capital ratios in the industry. It also claims that over 75% of its inventory is fresh and less than 45 days old. With the raised funding, the company is expected to now focus on growing its footprints in the international market, marketing, team development and product innovation and extensions. In the online lingerie retailing space, the company is competing with the likes of Zivame, PrettySecrets, besides larger fashion retailers such as Myntra and Jabong. Share this:

Ravi Dhariwal Investments

2 Investments

Ravi Dhariwal has made 2 investments. Their latest investment was in Clovia as part of their Series A - II on April 4, 2017.

CBI Logo

Ravi Dhariwal Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/11/2017

Series A - II

Clovia

$4M

Yes

4

Other Investors

Subscribe to see more

Subscribe to see more

0

Date

4/11/2017

Round

Series A - II

Other Investors

Company

Clovia

Subscribe to see more

Amount

$4M

New?

Yes

Subscribe to see more

Co-Investors

Sources

4

0

Ravi Dhariwal Portfolio Exits

1 Portfolio Exit

Ravi Dhariwal has 1 portfolio exit. Their latest portfolio exit was Clovia on March 21, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/21/2022

Corporate Majority

$99M

8

Date

3/21/2022

Exit

Corporate Majority

Companies

Valuation

$99M

Acquirer

Sources

8

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.