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Accel Partners To Invest Rs. 100 Crores In Universal Sportsbiz

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Accel Partners Invest In Universal Sportsbiz,Startup Stories,Business Latest News 2017,Cricket Legend Sachin Tendulkar,Celebrity Fashion Firm Universal Sportsbiz,Accel Partners Latest News,Sachin Tendulkar Backed Universal Sportsbiz,Founder of Universal Sportsbiz

Universal Sportsbiz, a celebrity fashion firm backed by cricketing legend Sachin Tendulkar, is set to raise Rs. 100 crores from US based venture firm Accel Partners.

Through the investment, Accel will pick up a 15% stake in the company. Post this investment round, the company will be valued at Rs. 650 crores ($ 100 million.) According to a news daily, both the companies have already signed an agreement and a formal announcement will be made sometime next week. Universal Sportsbiz Pvt., Ltd., (USPL) will use the fresh funds to develop their products and expand their presence across smaller cities in India.

Founded in 2012 by former national level badminton player Anjana Reddy, the company first raised Rs. 46 crores from Accel in 2015, followed by Rs. 8 crores of venture debt from Temasek’s lending platform, InnoVen Capital India. Along with Sachin Tendulkar, celebrities like Virat Kohli and Shraddha Kapoor are also associated with USPL. The company helped both the celebrities launch their private labels Wrogn and Imara respectively in 2014 and 2015. The company is also looking to tap into the international markets targeted at the Indian and Asian diaspora.

USPL also sells sports memorabilia and autographed merchandise of iconic players like Sachin Tendulkar, Cristiano Ronaldo and Rafael Nadal, among others, through its etailing platform Collectabillia. Overall, the company has raised over Rs. 260 crores from venture funds in the past five years. Currently, USPL is one of the few homegrown companies with a significant presence in the multi billion dollar celebrity fashion label business. Speaking about his investment in the company, Sachin Tendulkar said, “Anjana is prepared to take the risk to be ahead of the game and her commitment to pursue her dreams in spite of setbacks is impressive.” Sachin Tendulkar holds a 21% stake in USPL as of March 2016.

Venture firm, Accel Partners, is known for its early investments in successful startups such as Facebook, Dropbox, BookMyShow and Flipkart. Both Universal Sportsbiz and Accel Partners declined to comment on this latest development. 

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    April 16, 2025 at 11:14 pm

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Phab Raises $2M Seed Funding to Expand Healthy Snacking Brand

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PHAB

Phab, the D2C healthy snacking brand co-founded by Ankit Chona of ice cream brand Hocco and his wife Gayatri Chona, has raised $2 million (around ₹17 crore) in a seed funding round led by OTP Ventures, with participation from Capri Global, Sim&San law firm, and angel investors.

Founded in 2018, phab offers protein bars and healthy milkshakes, leveraging Ankit’s decade-long food industry experience and Gayatri’s expertise as a certified nutritionist. The brand has sold over 2 million units and sells through e-commerce and quick commerce platforms like Amazon, Flipkart, Zepto, and Blinkit.

Despite a 12% dip in operating revenue to ₹5 crore in FY24, phab trimmed its net loss by nearly 3% to ₹6.8 crore, showing improved efficiency.

The new funds will be used to expand the team, invest in production capacity, and grow phab’s presence across digital, quick commerce, and offline channels. The brand competes with Yoga Bar, Beyond Snack, and The Whole Truth in India’s growing $68 billion healthy snacking market. OTP Ventures’ founding partner Suhail Sameer praised phab’s bold, differentiated approach and the founders’ vision, signaling strong investor confidence in the brand’s growth potential.

 

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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