Flipkart eyes investment in fashion firm touting brands endorsed by celebrities

Walmart-owned e-commerce giant Flipkart is planning to invest in a fashion startup, a person in the know told VCCircle. The online retailer is in discussions to plough around $5 million (Rs 36 crore) in Universal Sportsbiz Pvt Ltd, the person said. This will be a part of the bridge round of Universal, ......