debt funding

MUMBAI: Five months after Universal Sportsbiz Pvt. Ltd. (USPL) offloaded equity to Walmart-owned Flipkart, the Bengaluru-based fashion brand is reportedly raising Rs 300 million (about $4 million) in debt funding. 

The current fund raise is from independent corporate trustee Vistra ITCL (India) Limited on behalf of Spark Alternative Investment Trust, Inc42 reports.