Home / Knowledge / News / Fashion / Universal Sportsbiz eyes funding of up to $20 mn
Universal Sportsbiz eyes funding of up to $20 mn
31
Mar '16
Courtesy: BCCI
Courtesy: BCCI
Sachin Tendulkar-backed fashion and memorabilia portal Universal Sportsbiz is looking to raise up to $20 million (around Rs 130 crore) as it gears up to open 100 exclusive outlets for its flagship brand Wrogn in three years.

“We are looking to raise around $ 15-20 million from new investors," Universal Sportsbiz Pvt Ltd (USPL) co-founder Anjana Reddy told PTI after the opening of the company's first exclusive brand outlet (EBO) of Wrogn in Hyderabad on Tuesday.

USPL, which started in 2012 has already raised $11 million so far. Tendulkar has a minority stake in the company.

The company has embarked on a retail network expansion of the Wrogn label. The brand is co-owned Indian Test cricket captain Virat Kohli.

"We plan to open five company EBOs this year. The overall plan is to have 100 EBOs in the next three years through the franchise route," Reddy said.

But Universal Sportsbiz is not focussed only on opening exclusive outlets. The company is increasing the presence of Wrogn brand through Shoppers Stop. Currently the Wrogn brand is available in 45 Shoppers Stop stores, Reddy said.

USPL has two celebrity fashion lines of Virat Kohli and Shraddha Kapoor under Wrogn and Imara brands. It also has an online channel Collectabillia, which sells celebrity fashion accessories and merchandise. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy:  Pratibha Syntex

Apparel/Garments | On 19th Jul 2018

India's Pratibha Syntex aims $200 mn sales revenue by 2020

Pratibha Syntex, with interests in fibre, spinning, knitting and...

Courtesy: Munich Fabric Start

Fashion | On 19th Jul 2018

Over 100 brands to present denims at Bluezone in Sept

Over 100 international brands will present their denim developments...

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Textiles | On 19th Jul 2018

Kenya to use Sh6 bn Indian loan to upgrade Rivatex

Kenya will use a Sh6 billion loan from India’s Exim Bank to expand...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search