Universal Sportsbiz raises $13.5 million from Accel, others
Universal Sportsbiz plans to utilize the funding from investors Accel Partners, Alteria Capital and others to spread its offline retail network and expand its portfolio of brands while investing in technology
New Delhi: Bengaluru-based fashion startup Universal Sportsbiz Pvt. Ltd has raised $13.5 million (₹100 crore) in a Series E funding round led by existing investor Accel Partners. Alteria Capital, which invested $4.6 million in debt in Universal Sportsbiz in March this year, also pumped in an additional $1 million as equity investment in the new round, Universal Sportsbiz said in a statement on Tuesday.