Universal Sportsbiz Pvt. Ltd has raised $13.5 mn (Rs. 100 cr) in a Series E funding round led by existing investor Accel Partners. Alteria Capital, which invested $4.6 mn in debt in the Bengaluru-based company in March, also pumped in an additional $1 mn as equity investment in the new round, the fashion start-up said in a statement. The new round of investment values Universal Sportsbiz at $160 mn (Rs. 1,200 cr), up from $100 mn last year, a news agency reported citing the statement. The company has raised $13.5 mn over five funding rounds till now. The funds will be utilised to expand its offline retail network across key markets and expand its brand portfolio while investing in technology.
