Flipkart Group on Thursday announced buying equity stake in Universal Sportsbiz Private Ltd. (USPL), which owns youth fashion brands such as Wrogn, Ms.Taken and Single, as the e-tailer looks to strengthen its fashion portfolio.
Venture capital firm Accel has also invested in USPL’s Series F round, as it looks to step up its online strategy, with Flipkart Group, and deepen its product offerings.
