Universal Sportsbiz (USPL)a celebrity fashion company which backed by legend cricketer Sachin Tendulkar is in talks with multiple investors to raise $15 million (Rs 100 crore) in Series C funding. The company is looking to use this funding for growth and expansion.
USPL is among the few home-grown companies with a significant presence in the multi-billion dollar celebrity fashion lines business.
The team is hopeful to raise funding from multiple investors and looking to close this investment in the end of this year, said Anjana Reddy, founder of USPL to Pixr8.
USPL was Founded in April 2012, USPL’s portfolio includes Wrogn, a premier fashion brand inspired by Virat Kohli, and Imara, a contemporary women’s ethnic fashion brand with Shraddha Kapoor.