Sachin Tendulkar-backed Universal Sportsbiz has raised Rs 8 crore as venture debt from Innoven Capital India, a subsidiary of Temasek Holdings. The company will use fund to accelerate growth plan, invest in brand building through multimedia campaigns. The company was founded in 2012 by Anjana Reddy with Tendulkar’s equity participation. “We will focus on unlocking the potential of celebrity lines business by building enhanced awareness,” said Anjana Reddy, USPL founder.
Sachin Tendulkar-backed Universal Sportsbiz raises Rs 8 cr in debt
Sachin Tendulkar-backed Universal Sportsbiz has raised Rs 8 crore as venture debt from Innoven Capital India, a subsidiary of Temasek Holdings.
Mumbai
This article was first uploaded on July twenty-one, twenty fifteen, at ten minutes past one in the night.