CONNECT WITH US
eCommerce

eCommerce

D2C Lifestyle Brand DailyObjects Raises ₹332 Cr To Expand Offline Presence

Inc42 - Ecommerce logo

Published on

Add as a preferred source on Google
D2C Lifestyle Brand DailyObjects Raises ₹332 Cr To Expand Offline Presence

D2C lifestyle startup DailyObjects has raised ₹332 Cr ($34.3 Mn) in a Series C funding round co-led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital. The round, which included both primary and secondary transactions, valued the startup at  ₹1,050 Cr ($108.4 Mn).

As part of the secondary deal, DailyObjects’ early investor Roots Ventures partially exited with a 18X return on its initial investment. 

Roots Ventures first invested $2 Mn in DailyObjects in February 2022. Following which, the investor doubled down on the startup during its $10 Mn Series B funding round in 2024.

The fresh funds will allow DailyObjects, which is known for its lifestyle and tech accessories like phone cases, watchbands, bags, wallets and wireless chargers, to scale its offline network, deepen its product and R&D capabilities, strengthen brand building and evaluate opportunities in international markets.

As part of the expansion of DailyObjects’ physical retail network, it plans to build 150 exclusive brand outlets (EBOs) across India over the next five years.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.