USPL gets $1.26m loan from Temasek unit Innoven

Bangalore-based celebrity fashion lines company Universal Sportsbiz Private Limited (USPL), which operates under the trade name of Collectibilia, has raised $1.26 million in venture debt from Temasek unit Innoven Capital India, a startup-focused subsidiary of the Singaporean investment major that deals in venture debt.

The capital from this investment will be used for business development and driving sales growth. Founded in April 2012, USPL is the only Indian firm with significant presence in the multi-billion dollar celebrity fashion lines business, with three distinct offerings.

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