DailyObjects raises ₹332 Cr in Series C to expand offline retail
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 valued the startup at ₹1,050 Cr ($108.4 Mn) and included both primary and secondary transactions.
The fresh capital of ₹332 Cr ($34.3 Mn) raised in the Series C round will be deployed to scale DailyObjects' offline network across India. Part of the funds will deepen the company's product and R&D capabilities, focusing on its core lifestyle and tech accessories such as phone cases, watchbands, bags, wallets and wireless chargers. Additionally, the proceeds will strengthen brand building efforts and help evaluate opportunities in international markets. As part of the offline expansion strategy, DailyObjects aims to open 150 exclusive brand outlets (EBOs) across India over the next five years. The Series C round, which included both primary and secondary transactions, valued the startup at ₹1,050 Cr ($108.4 Mn) and was co-led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital. In the secondary component of the round, early investor Roots Ventures partially exited, realizing an 18X return on its initial $2 Mn investment made in February 2022, having previously doubled down during the company's $10 Mn Series B funding round in 2024.
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.
What we know
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.
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.
Roots Ventures first invested $2 Mn in DailyObjects in February 2022.