Sportbiz gets USD 13.5 million funding, valuation zooms to USD 160 million
Universal Sportsbiz, the celebrity-led fashion retailer, said Thursday it has raised USD 13.5 million (around Rs 100 crore) from its existing investors, valuing the company at around Rs 1,200 crore.
The valuation of the company zoomed to USD 160 million (Rs 1,200 crore), a significant rise from USD 100 million valuation in November last year, Universal Sportsbiz said. Image Source: Reuters