Virat Kohli-backed fashion brand raises INR 30 Cr debt funding


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Bengaluru-based fashion company Universal Sportsbiz Pvt Ltd (USPL) is raising INR 30 Cr (about $4 Mn) in debt funding from independent corporate trustee Vistra ITCL (India) Limited on behalf of Spark Alternative Investment Trust. USPL was founded by Anjana Reddy in 2012 and is backed by ecommerce giant Flipkart, venture capital fund Accel as well as celebrities such as cricketers Sachin Tendulkar and Virat Kohli.