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[HS Conversations] With former Victoria s Secret CEO on board as advisor, homegrown lingerie brand Clovia eyes global expansion
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Clovia onboards Sharen Jester Turney as an Advisor to the company
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The future of retail will be omnichannel, say experts
At the TiEcon Delhi-NCR 2021 virtual event, Lenskart, Clovia, and boAT founders discussed the future and viability of omnichannel sales, which involves both online and offline retail.
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Many brands and companies are now switching to omnichannel retail selling on both online and offline channels to get the maximum reach for the product. Experts believe this might be the future.
At the
TiEcon Delhi-NCR 2021 virtual event,
Peyush Bansal, CEO and Customer Happiness Officer, Lenskart, said, “When we opened our first physical store, we not only had given an opportunity to about 200 million online shoppers, but to those 600 million people who don’t shop online. They could use our stores to consume our products, get a look and feel of things, and place the order online.”
MC ExpertEye | Will 2021 be the year when Indian startups head to stock exchanges?
The disruptions brought by the coronavirus outbreak forced startups to rethink the way they do business. Will these companies focus more on profitability and go public in the new year? Read on
(Image: Shutterstock)
Note to Readers: MC ExpertEye is a weekly series of articles that will dive deep into an important topic by seeking answers from experts.
We can’t get out of 2020 fast enough. A year when everything as we knew it was upended and most of us were stopped in our tracks by a tiny microbe that wrecked lives and businesses. Startups, too, found themselves facing unprecedented challenges but as we head into 2021, optimism and hope are riding high. Multiple home-grown companies have announced plans to go public, as the rest try to bring sanity to the ecosystem by targeting profitability.
[Funding alert] Lingerie brand Clovia raises $4M in pre-Series C round
Led by Golden Birch Investments and SheCapital Venture Fund, the Noida-based company said the funding will be used to fuel Clovia’s growth in the coming year.
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Lingerie brand
Clovia has raised $4 million in pre-Series C round of funding led by a clutch of investors including
Golden Birch Investments and
The company said it will use the fresh capital to expand into new categories, pushing the brand message, enhancing technology, and strengthening the teams.
In a statement, the company also announced the appointment of
Anisha Singh, Founder of SheCapital Venture Fund, to its Board of Directors.
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