The round also saw participation from Navam Capital and Anicut Capital, along with continued backing from existing investors Speciale Invest, Micelio Mobility, and IIMA Ventures.
The store opening was attended by Franco Fogliato, Chief Executive Officer of Fossil Group, highlighting India’s growing role in the company’s global expansion plans.
The company continued expanding its physical presence in India with new outlets launched in 2025, including Apple Hebbal in Bengaluru, Apple Koregaon Park in Pune, and Apple Noida.
The redesigned outlet introduces a new retail concept focused on strengthening the brand’s connection with the sport of polo and improving customer engagement.
The company has listed job openings on its careers portal for roles including Senior Manager, Genius, and Store Leader for Hyderabad, a move that typically precedes a store launch by several months.
The company said increasing disposable incomes and greater exposure to global lifestyles are influencing homeowners to invest in built-in and high-performance appliances.
Tasva continues to expand its network of exclusive brand outlets across the country as it builds scale in the men’s occasion wear segment and widens its retail footprint in India.