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

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X