DailyObjects, a design-led lifestyle-tech brand, has raised ₹332 crore, or nearly US$35 million, in a Series C funding round led by Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital. The round combined primary and secondary transactions and valued the company at about ₹1,050 crore. The company plans to deploy the capital across retail expansion, product development, brand building, and international market evaluation.
Funding Structure and Investor Participation
The Series C round included a mix of primary capital and secondary share sales, allowing early investor Roots Ventures to partially exit with an 18x return on its investment. Roots Ventures will continue as a shareholder alongside 360 One Asset and Trifecta Capital. The Rainmaker Group acted as the exclusive advisor to DailyObjects on the transaction.
Company Background and Product Portfolio
Founded in 2012 by Pankaj Garg and Saurav Adlakha, DailyObjects began with phone cases and has since expanded into technology accessories, carry products, and workspace items. The company has built a design-first portfolio that combines functionality with contemporary aesthetics across multiple categories. Its focus on design excellence has earned recognition through several international design awards.
Retail Expansion Plans
DailyObjects plans to open 150 exclusive brand outlets across India over the next five years, building on a current network of nearly 350 retail touchpoints. The existing touchpoints include exclusive brand outlets and Apple Premium Reseller locations. The company will also invest in new product ranges, materials, quality, and research and development across its existing categories.
Channel Strategy and Distribution
DailyObjects will support its growth through owned channels, exclusive stores, airport retail presence, and distribution across more than 250 Apple Premium Reseller stores. The company plans to focus on establishing a profitable physical retail network while improving product discovery for consumers in key markets. This integrated approach is designed to bring the brand closer to customers and strengthen repeat purchases and cross-selling.
Financial Performance and Growth Targets
For fiscal year 2025, DailyObjects reported operating revenue of ₹110 crore, an increase of 31% from ₹84 crore in fiscal year 2024. Total expenses rose 29.7% to ₹124.5 crore during the year, while net loss widened to ₹16 crore from ₹10 crore a year earlier. The company had earlier projected fiscal year 2026 revenue between ₹230 crore and ₹244 crore and aims to achieve EBITDA profitability.
International Ambitions and Leadership Commentary
DailyObjects is currently evaluating international markets and remains in the research and development stage for overseas expansion. The company expects to make a more concrete move into foreign markets from the next financial year. Co-founder and CEO Pankaj Garg said capital efficiency and profitable growth will remain at the core of how the company builds.
The Series C round positions DailyObjects to deepen its category leadership and progress toward becoming a global design-led consumer brand from India. The company's strategy combines a larger physical retail footprint, stronger product innovation, and disciplined capital deployment to pursue sustainable growth. Institutional investor participation and an 18x partial exit for an early backer highlight growing confidence in DailyObjects' long-term potential.