DailyObjects Raises ₹332 Crore to Expand Offline Presence
Indian D2C lifestyle brand DailyObjects has secured ₹332 crore ($34.3 million) in a Series C funding round. The capital will be used to scale the company's physical retail network across India.
Indian direct-to-consumer (D2C) lifestyle brand DailyObjects has raised ₹332 crore ($34.3 million) in a Series C funding round. The funds are earmarked for scaling the company's offline retail presence.
The funding round was co-led by Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital. This latest investment values the startup at ₹1,050 crore ($108.4 million).
DailyObjects, known for lifestyle and tech accessories such as phone cases and wireless chargers, plans to establish 150 exclusive brand outlets across India within the next five years. The company also intends to enhance its product research and development capabilities, strengthen brand building, and explore international market opportunities.
Early investor Roots Ventures partially exited its stake during the round, reportedly achieving an 18x return on its initial investment.