Flipkart buys equity stake in youth-focused fashion firm USPL

Flipkart on Thursday announced that it has made an investment in youth-focused fashion firm Universal Sportsbiz Private Limited's (USPL) Series F funding round. Founded in 2012, USPL owns fashion brands such as Virat Kohli's Wrogn and Kriti Sanon's Ms. Taken. Flipkart had recently also invested ₹1500 crore in Aditya Birla Fashion and Retail for a 7.8% stake.