DailyObjects, a Gurugram-based lifestyle-tech brand, secured Rs 332 crore in Series C funding. This values the company at Rs 1,050 crore. Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital led the investment. Roots Ventures, an early backer, realized an impressive 18-fold return through a partial exit. The capital will fuel aggressive offline retail expansion across India, boost product research and development, and explore international markets. DailyObjects, known for its diverse tech accessories and lifestyle products, targets a Rs 1,000 crore business. It aims to establish a global consumer brand from India, prioritizing profitable growth and capital efficiency.
DailyObjects, a prominent name in lifestyle-tech accessories, recently closed a significant Series C funding round. The Gurugram-based company raised a substantial Rs 332 crore. This investment positions the brand with a robust post-money valuation of Rs 1,050 crore. The financing round saw participation from leading private equity firms. Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital spearheaded the capital infusion.
The transaction was a hybrid structure. It involved both primary funding and secondary share sales. This allowed some early investors to capitalize on their foresight. Roots Ventures, an early backer, partially exited its investment. This move generated an astounding 18-fold return. Despite the partial exit, Roots Ventures maintains a significant stake. It remains one of DailyObjects' largest shareholders. Other existing investors, including 360 One Asset and Trifecta Capital, also continue their involvement. The Rainmaker Group acted as the exclusive advisor for this strategic transaction.
DailyObjects began its journey in 2012. Founders Pankaj Garg and Saurav Adlakha envisioned a brand focused on design. The company initially gained traction with high-quality mobile phone cases. Over the years, its product portfolio expanded dramatically. It now encompasses a wide array of tech accessories. These include charging solutions and workspace essentials. The brand also offers diverse bags and other lifestyle items. This evolution reflects a broader market appeal.
The fresh capital infusion has clear strategic objectives. A primary focus is aggressive retail expansion. DailyObjects plans to establish 150 standalone retail stores across India. This rollout will occur over the next five years. This initiative aims to strengthen its presence beyond online sales. Currently, the company operates across nearly 350 retail locations. These span over 85 cities. This includes prime spots like airports. Select Apple Premium Reseller outlets also feature DailyObjects products. This move signals a strong commitment to omni-channel growth.
Product innovation remains central to DailyObjects’ strategy. A significant portion of the investment targets research and development. The company will enhance its product design capabilities. It will invest in new materials. Quality improvements across the entire portfolio are paramount. Expanding existing product categories is also a key objective. This continuous innovation ensures market relevance. It also strengthens brand loyalty.
Beyond domestic growth, DailyObjects eyes international markets. The company is actively assessing overseas expansion opportunities. This remains in the research and exploration phase. Concrete plans may emerge in the coming fiscal year. This global ambition aligns with its long-term vision. It seeks to establish a global consumer brand. This brand will originate from India.
DailyObjects has a clear financial target. The company aims to build a Rs 1,000 crore business. This ambitious goal will be pursued in the coming years. Achieving this milestone requires careful management. The company emphasizes capital efficiency. It prioritizes profitable growth. This disciplined approach underpins its expansion strategy. The latest funding provides a robust foundation for these objectives.
The Gurugram-based firm had raised approximately Rs 100 crore in equity over its first decade. This recent Series C round dwarfs those earlier investments. It signifies investor confidence in its growth trajectory. The market for lifestyle-tech accessories is booming. DailyObjects is well-positioned to capture a larger share. Its design-led approach resonates with modern consumers. The brand's focus on quality and innovation sets it apart.
This substantial investment marks a new chapter for DailyObjects. It paves the way for significant expansion. It will fuel product development. It lays the groundwork for international market entry. The company is poised for accelerated growth. It plans to solidify its position as a leading lifestyle-tech brand. Its journey from mobile cases to a diverse product ecosystem reflects adaptability. The future looks promising for this Indian startup.
DailyObjects, a prominent name in lifestyle-tech accessories, recently closed a significant Series C funding round. The Gurugram-based company raised a substantial Rs 332 crore. This investment positions the brand with a robust post-money valuation of Rs 1,050 crore. The financing round saw participation from leading private equity firms. Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital spearheaded the capital infusion.
The transaction was a hybrid structure. It involved both primary funding and secondary share sales. This allowed some early investors to capitalize on their foresight. Roots Ventures, an early backer, partially exited its investment. This move generated an astounding 18-fold return. Despite the partial exit, Roots Ventures maintains a significant stake. It remains one of DailyObjects' largest shareholders. Other existing investors, including 360 One Asset and Trifecta Capital, also continue their involvement. The Rainmaker Group acted as the exclusive advisor for this strategic transaction.
DailyObjects began its journey in 2012. Founders Pankaj Garg and Saurav Adlakha envisioned a brand focused on design. The company initially gained traction with high-quality mobile phone cases. Over the years, its product portfolio expanded dramatically. It now encompasses a wide array of tech accessories. These include charging solutions and workspace essentials. The brand also offers diverse bags and other lifestyle items. This evolution reflects a broader market appeal.
The fresh capital infusion has clear strategic objectives. A primary focus is aggressive retail expansion. DailyObjects plans to establish 150 standalone retail stores across India. This rollout will occur over the next five years. This initiative aims to strengthen its presence beyond online sales. Currently, the company operates across nearly 350 retail locations. These span over 85 cities. This includes prime spots like airports. Select Apple Premium Reseller outlets also feature DailyObjects products. This move signals a strong commitment to omni-channel growth.
Product innovation remains central to DailyObjects’ strategy. A significant portion of the investment targets research and development. The company will enhance its product design capabilities. It will invest in new materials. Quality improvements across the entire portfolio are paramount. Expanding existing product categories is also a key objective. This continuous innovation ensures market relevance. It also strengthens brand loyalty.
Beyond domestic growth, DailyObjects eyes international markets. The company is actively assessing overseas expansion opportunities. This remains in the research and exploration phase. Concrete plans may emerge in the coming fiscal year. This global ambition aligns with its long-term vision. It seeks to establish a global consumer brand. This brand will originate from India.
DailyObjects has a clear financial target. The company aims to build a Rs 1,000 crore business. This ambitious goal will be pursued in the coming years. Achieving this milestone requires careful management. The company emphasizes capital efficiency. It prioritizes profitable growth. This disciplined approach underpins its expansion strategy. The latest funding provides a robust foundation for these objectives.
The Gurugram-based firm had raised approximately Rs 100 crore in equity over its first decade. This recent Series C round dwarfs those earlier investments. It signifies investor confidence in its growth trajectory. The market for lifestyle-tech accessories is booming. DailyObjects is well-positioned to capture a larger share. Its design-led approach resonates with modern consumers. The brand's focus on quality and innovation sets it apart.
This substantial investment marks a new chapter for DailyObjects. It paves the way for significant expansion. It will fuel product development. It lays the groundwork for international market entry. The company is poised for accelerated growth. It plans to solidify its position as a leading lifestyle-tech brand. Its journey from mobile cases to a diverse product ecosystem reflects adaptability. The future looks promising for this Indian startup.