For those of you who are fans (including die-hard fans) of the great cricketing legend and little master blaster, Sachin Tendulkar, there’s good news for you all. USPL, which is a fashion startup, funded by the little master blaster, has raised Rs. 100 crores in Series B round of funding from its existing investor, Accel Partners. USPL is a Bengaluru – based fashion startup which owns the fashion brands Wrogn, Imara and Ms.Taken. With this round of funding the valuation of the startup has gone above US $100 million! The startup will use the funds for increasing the portfolio of its brands as well as for improving its retailing capacity. The startup will also use the funds to expand its footprint in India as well as abroad. Read more on Investments
“Each of these brands has the potential to emerge as multi-million dollar, globally recognized fashion brands”, Anjana Reddy, founder and Chief Executive of USPL, said in a statement.
Similarly another Indian fashion startup called Wrogn, founded by the famous Indian cricketer; Virat Kohli is also planning to expand in India and abroad.
“I have always believed that Wrogn was the right decision for me”, Virat Kohli said in a statement.
The other fashion startups that got funded this year (2017) include the fashion startup, VanityCask Tech Pvt. Ltd. which raised an undisclosed amount of seed funding from the Singapore – based VC firm, RB Investments during June, this year (2017). The online fashion startup, StalkBuyLove raised US $ 1 million in Series A round of funding from Trifecta Capital during April, this year. The online fashion startup, Fynd raised Rs. 3.3 crores in Series A round of funding from Venture Catalysts during March, this year. The same startup also managed to raise US $3.4 million (Rs. 21 crores) in Series B round of funding from IIFL Seed Ventures and early stage investor, Kae Capital during June, this year. The fashion and lifestyle startup, SummerLabel raised Rs. 1 crore in seed round of funding from a group of seven high net worth individuals (HNIs) based out of Silicon Valley in the US during March, this year (2017) just to name a few. Read more on Startup News