In a recent undisclosed funding round, USA Based Venture Capital Foxhog, has successfully secured $6.8 million in investment for its newly launched clothing brand, TOIE. The investment comes from a PE and venture capital firm based in Florida.
TOIE represents a premium segment within Foxhog’s portfolio, serving as one of its fully owned subsidiaries specializing in products such as T-shirts and jackets. This strategic move underscores Foxhog’s commitment to diversifying its offerings and catering to different market segments.
The brand’s rapid growth is evident in its expanding presence and increased production capacity. In addition to its online presence, TOIE is set to establish offline stores across the country. The inaugural store is slated to open in Chandigarh, followed by locations in Delhi, Kota, Bangalore, and other key cities.
Tarun Poddar, CEO of Foxhog, expressed his enthusiasm for the TOIE project, emphasizing its personal significance to him. He highlighted the brand’s mission to provide premium clothing at affordable prices, reflecting Foxhog’s dedication to delivering quality products that resonate with consumers.
