Virat Kohli invests further ₹13.2 crore in Sachin Tendulkar-promoted Universal Sportsbiz?

startup ecosystem in India has flourished immensely in past few years. Startups are a tough cookie to bite in, however, it is perceived also as ar opportunity for investors to show talent y possess. With startup culture developing rapidly in country, several cricketers and actors have turned towards investing in new ventures. se stars are t only investing money but also ir time into se enterprises which y think are promising and lucrative.

ALSO RE | Virat Kohli and co.'s destination immediately post Dream11 IPL 2020 finally confirmed?

Virat Kohli invests in Bengaluru-based fashion startup Universal Sportsbiz Pvt Ltd

Indian captain Virat Kohli is one such cricketer who has been extremely active with his investments since 2014, year when startup culture began thriving in India. Kohli is among top cricketers in world where every brand wants to have a piece of him. Bangalore skipper has invested in several startups in recent years. 

Recently, 31-year old invested ₹13.2 crore ($1.8 million) in a Bengaluru-based fashion startup Universal Sportsbiz Pvt Ltd (USPL). According to Inc42, Kohli bought 3046 equity shares worth 13.2 crore at a minimal value of ₹10 per share and a premium amount of ₹47,561 per share. Besides Kohli, sports talent manment firm Cornerstone Sport LLP, which incidentally represents Indian captain, also picked up 1,236 equity shares for ₹5.58 crore ($760,000).

ALSO RE | Dream11 IPL 2020's England players to fly to South Africa from UAE for international tour

 fashion startup has alrey received ₹72,00,000 ($98,000) from Kohli and ₹ 29,00,000 ($40,000) from Cornerstone Sport LLP. Universal Sportsbiz Pvt Ltd was founded in 2012 by Anjana Reddy and ir association with Kohli is t new. He co-owns fashion brand Wrogn launched in vember 2014 along with USPL. Sachin Tendulkar is also counted as an investor in USPL.

Virat Kohli's investments in startups began six years ago when he invested in a London-based social media startup Sport Convo, an app that was launched to bridge gap between sports stars and fans. elegant batsman has launched a chain of fitness gyms and fitness centres named Chisel. startup recently introduced techlogy-enabled workout routines that intend to dress youngsters of information techlogy workers.

ALSO RE | Sachin Tendulkar Net Worth Post Retirement Is Set To Blow Your Mind; More Details Here

Kohli also co-owns International Tennis Premier League franchise UAE Royals and Indian Super League franchise FC Goa. Indian skipper has also collaborated with Hong Kong-based consumer electronics company Zeeva and launched audio equipment company MuveAcoustics in India.

Virat Kohli net worth

According to Forbes, Virat Kohli net worth figure from past year is estimated to be around ₹196 crore (US$26 million). Moreover, his overall net worth is estimated to be around ₹900 crore (US$119 million) according to multiple reports, while ors claim that Kohli is worth ₹1,700 crore (though unverified). A major part of his net worth comes from his own business investments and endorsements.

Virat Kohli net worth also comprises of his earnings from Board of Control for Cricket in India (BCCI) as an active Indian cricket player, which is ₹7 crore (US$925,730) per annum. Virat Kohli salary figure lies around ₹24 crore (US$3.1 million) per year considering that he earns ₹17 crore (US$2.24 million) per season from Royal Challengers Bangalore in Indian Premier League (IPL) as well.

ALSO RE | Dream11 IPL 2020: MS Dhoni takes epic one-handed catch, records 150 IPL dismissals

DISCLAIMER: above Virat Kohli net worth information is sourced from various websites/media reports. website does t guarantee a 100% accuracy of figures.

SOURCE: VIRAT KOHLI INSTAGRAM