Karavaloor Peedika Bhagavathy temple is located at Karavaloor near Punalur in Kollam district, Kerala. The shrine is dedicated to Goddess Bhagavathi. The seven-day annual festival in the temple is known as Meena Thiruvathira festival and is held in Meenam month (March – April).
The upa devatas worshipped in the temple are Shiva and Ganapathy. There is a traditional temple pond attached to the temple.
The 7-day annual festival is famous for melam, various temple art forms, procession and unique poojas and rituals.
The temple also observes Navratri and Thiruvathira in Dhanu Masam. The shrine is also observes Mahashivratri, Vishu, Vinayaka Chaturthi in Chingamasam and Thrikarthika festival.