USPL raised fund from Flipkart

Myntra which is completely owned by Flipkart had gained a greater part stake in HRX in 2016 and the online business giant today declared its key interest in Universal Sportsbiz Pvt Ltd or USPL. USPL has assembled an arrangement of youth-centered design brands including Virat Kohli’s Wrogn, Kareena Kapoor Khan’s IMARA, Kriti Sanon’s Ms Taken and Ranbir Kapoor’s SINGLE.

As indicated by an organization’s press explanation, Flipkart has put an undisclosed sum in the eight years of age design brand’s Series F round. Following the venture, the Flipkart Group will work intimately with the USPL group to extend item contributions on its foundation. The Series F round likewise observed support from existing speculator Accel Partners.

The firm has been among the main brands on Myntra over last few years. On the online front, USPL’s items are principally circulated through Flipkart and Myntra other than its own site. USPL is likewise present in more than 750 disconnected retail sources in excess of 100 urban areas across India.