Sachin Tendulkar-backed celebrity fashion and memorabilia company Universal Sportsbiz Pvt Ltd (USPL) has raised Rs 8 crore (Rs 80 million) of venture debt from Temasek’s venture lending platform InnoVen Capital India. The company is expected to use the debt for the planned brand-building efforts and multimedia campaign as it pursues its aggressive growth plans. With this fresh round of funding, USPL has raised Rs 61 crore (Rs 610 million) so far through a combination of equity infusion and debt. USPL founder Anjana Reddy said, “With the successful rounds of fund raising, Universal Sportsbiz can speedily execute its aggressive plans of building the brand platforms. We will be focused on unlocking the true potential of celebrity lines business by building enhanced awareness and providing access and availability.”
Read more at: http://www.televisionpost.com/news/sachin-tendulkars-universal-sportsbiz-gets-funding-from-temasek/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/news/sachin-tendulkars-universal-sportsbiz-gets-funding-from-temasek/ | TelevisionPost.com
