
Clovia Franchise
Reliance-owned lingerie brand. Its page cites an investment of up to Rs 25 lakh for a 450-500 sq ft store that Clovia runs; partner payout is not published.
We couldn't confirm Clovia is taking franchisees right now
Treat this as research, not an open offer, until the brand confirms its programme in writing. See the note below.
About This Listing
Clovia's franchise page describes a company-run store that a partner funds (fixtures of Rs 12-15 lakh, deposits, rent), but it does not say how the partner is paid, who owns the stock, or the fee, term or exit terms of the agreement ('we get into commercial agreements'). Until Clovia publishes those terms, we show the offer as unconfirmed rather than open (read 2 Nov 2026).
Source: Clovia franchise page, read 2 Nov 2026
Clovia franchise at a glance (terms checked Nov 2026)
Investment
Not published
The brand doesn't publish its investment
Ongoing take
Not published
Franchise fee
Not published
Partly refundable
Payback
Not published
- Disputes with franchisees: None found (records checked 2026-11-02)
- Company standing: Active and up to date with the registrar
- Outlet claim matches reality: Claims 83, locator lists 83
Outlets
83 verified
Brand claims 83
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Profit or loss
- • Revenue trend
Ask before you sign
- Get written confirmation that Clovia is taking franchisees at all before paying anything — see the note at the top of this page.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
- Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
Franchise terms checked against Clovia's official franchise page on 5 Nov 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Investment Breakdown
Per franchisorStated as 'up to' with no total; includes store fabrication and refundable deposits.
'12-15 Lc depending on store size' (FAQ Q7).
FAQ Q6: partner maintains Rs 5,000 petty cash; monthly petty-cash expenses 'around Rs 5000 only'.
Total excludes a charge whose amount Clovia doesn't disclose.
Model your own numbers in our calculator
Open the ROI calculator* Breakdown as published by Clovia. Clovia confirms one charge without disclosing the amount — get it in writing before you pay.
Ways to Partner with Clovia
1 partner model published by the brand. Figures it doesn't publish are left blank.
Clovia franchise store (company-operated)
- Space
- 450 sq ft – 500 sq ft
- Royalty / margin
- Not published ('healthy profit margins' is a heading with no figure)
- Territory
- Not stated
- Who it suits
- No credentials required, per FAQ Q4
Partner funds fabrication and refundable deposits and pays rent, taxes and utilities (utilities reimbursed quarterly); Clovia staffs and runs the store, bears operating expenses and holds the stock. Whether the partner is paid a margin, revenue share or fixed amount is not stated.
What Clovia Says You Can Earn
Brand claimClovia's own claim — no evidence given. These are not FranchiseChuno's estimates or a promise of earnings; ask existing franchisees what they actually make.
- Operating break-evenMonths until monthly profit turns positive — not the same as getting your money back.
- 6 months – 24 months
Brand claims on the page: the banner says 'Break-even in 18-24 months'; FAQ Q3 says the store 'should reach break-even within 6 months and start to return your capital'. The two statements differ and neither says whether break-even means monthly operating break-even or recovery of the investment. No profit, margin, revenue share or payout to the franchisee is stated ('healthy profit margins for you' is a heading with no figure), so no ROI or payback can be given. The page's heading 'Low investment high returns' and 'Low-risk Model' are marketing phrases with no figure, minimum or guarantee.
Reputation & News
What the press, courts and real franchisees or customers have said about Clovia — summarised by us, with every source linked.
- In the news· 2022-03-20
Reliance Retail acquires 89% of Clovia's operator for Rs 950 crore
Business Today, 20 Mar 2022: the deal covers a secondary purchase and fresh investment; founders and management keep the balance.
Source: Business Today, 20 Mar 2022 - Legal / regulatory· 2019-11-28
Trademark dispute: 'Shyaway' seller v. Clovia's operator (Madras High Court, 2019)
A seller of 'Shyaway' products sued Clovia's operator for a declaration that its 2019 legal-notice threats over the 'Clovia' mark were unjustified. The parties settled and the court decreed the suit in terms of the compromise on 28 Nov 2019.
Source: Madras High Court, C.S. No. 522 of 2019 - Legal / regulatory· 2025-02-04
Income-tax appeal withdrawn under the Vivad se Vishwas scheme (Feb 2025)
ITAT Delhi dismissed as withdrawn the company's appeal for assessment year 2018-19 after it settled under the DTVSV 2024 scheme; the order records a refundable amount of Rs 7,57,987.
Source: ITAT Delhi, ITA 3234/Del/2024, 4 Feb 2025 - In the news· 2026-02-01
Trade piece: Clovia expands in tier 2-3 markets through a growing franchise model
D2C Insider, 1 Feb 2026, says Clovia has exclusive brand outlets, large-format and multi-brand outlets and 'a franchise model that's growing quickly', with a push into smaller cities. It gives no counts or terms.
Source: D2C Insider, 1 Feb 2026
Key Terms at Clovia
The clauses that shape day-to-day running and your exit — read these before the fee.
- Who pays for what
- Partner pays rent, taxes and utility bills; Clovia reimburses utilities every quarter and says it bears all other operating expenses.
- Other terms
- No operational experience needed: 'We run the store and take care of all the operating expenses'; the partner's duties are rent, taxes, petty cash and utilities.
- Stock & returns
- 'Zero inventory holding on your books'; the partner places a refundable deposit against stock with Clovia.
- Other terms
- Agreement length, renewal, exit, transfer, territory, and how the partner's earnings are calculated are not published; the steps say only 'we get into commercial agreements'.
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Franchisee-Owned, Company-Operated
Contract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
—Exit Clause
—Who Can Apply for Clovia
Conditions the brand sets for partners, and the licences the business needs.
- Store: 450-500 sq ft; propose a location or Clovia helps find oneRequired
- Experience: None required ('no credentials required')Preferred
About the Brand
Brand USP
Company-run store model: Clovia says it staffs and operates the franchised store while the partner funds the fit-out and deposits.
Why invest in Clovia?
Clovia by the Numbers
Source marked on each figure75+ in 30+ cities (franchise page); 80+ outlets in 57+ cities (About blog)
Stores · 2 Nov 2026
Brand claim83 active of 88 listed, across 53 listed cities
Locator store entries (flagged active) · 2 Nov 2026
Store locatorClovia Outlet Network
By channel · 2 Nov 2026
Store entries on the locator, flagged active (our recount; 88 listed): 83 outlets · 2 Nov 2026 · clovia.com
Cities with Outlets
Show all 26 citiesHide the city list
Company Health Check
What Clovia's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Status with the registrar
- Active
- Last AGM
- 2025-09-17
- Paid-up capital
- ₹25.45 L
- Brand trademark
- Not checked - the IP India public search needs a CAPTCHA, which this research does not bypass
Group companies
- Reliance Retail Ventures LtdHolding company · 89%
Source: Tofler, Instafinancials, Falconebiz (MCA mirrors), brand site, Indian Kanoon, web search; MCA21, GST portal, IP India, IBBI/NCLT, eCourts and e-Daakhil not read directly (checked 2 Nov 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Purple Panda Fashions Limited
- Company type
- Public limited company (unlisted)
- CIN
- U52100DL2012PLC237371
- Incorporated
- 2012-06-12
- Headquarters
- New Delhi
Leadership
- PPankaj VermaniCo-founder and CEO
- NNeha KantCo-founder
- SSuman ChoudharyCo-founder
Clovia Timeline
2013
Clovia launched
Per Business Today, founded by Pankaj Vermani, Neha Kant and Suman Choudhary.
Source2022-03-20
Reliance Retail Ventures takes 89% for about Rs 950 crore
Mix of secondary purchase and primary investment; founders and management hold the rest.
Source2026-02-01Announced plan
Brand says its franchise model is growing, with a push into smaller cities
D2C trade piece; no store or franchise count given.
Source
FranchiseChuno Analysis
Our analysis of verified dataHow Clovia looks once the numbers are checked side by side.
- ✓Brand operating for 13 yearsFounded in 2013. The brand doesn't state when franchising began.
- ✓Outlet claim matches its store locator83 outlets on its own store locator (2 Nov 2026), in line with the 83 it claims.
Data completeness
64%
- ✓ Terms checked against the brand's own page
- ✓ Published investment (not an estimate)
- â—‹ Franchise fee
- â—‹ Royalty
- ✓ ROI or payback claim
- â—‹ Agreement term
- ✓ Training details
- ✓ Outlet cities verified
- â—‹ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Clovia does and doesn't publish.
- 1Get written confirmation that Clovia is taking franchisees at all before paying anything — see the note at the top of this page.
- 2Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 3Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 4Ask for the agreement term, renewal fee and exit or transfer terms.
- 5Ask whether you get an exclusive territory, and how large it is.
- 6Have a lawyer review the franchise agreement before paying anything.
- 7Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
450 - 500 sq ft
Staff Needed
—
Setup Time
45 days
Owner Involvement
—
Best Locations
Not published
Business Type
Not published
Training & Support
What the brand provides to help you launch and run your franchise.
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
Training Programme
Ongoing Support
What Clovia franchisees say
We haven't yet heard from enough Clovia franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a Clovia outlet — share how it went

