Lifestyle tech brand DailyObjects has raised Rs 332 crore in its Series C funding round through a mix of primary and secondary transactions. The round was led by Xponentia Capital Partners, Anicut Capital and Axiom Asia Private Capital.
The latest funding round values DailyObjects at around Rs 1,050 crore. The deal also gives partial exit to early investor Roots Ventures, while the investor continues to remain a shareholder in the company along with 360 One Asset and Trifecta Capital.
DailyObjects Plans 150 New Stores
Pankaj Garg, Co-founder and CEO of DailyObjects, said the company will use the fresh capital to expand its retail presence. The brand currently operates 18 Exclusive Brand Outlets (EBOs) and plans to take this number to 150 stores over the next five years.
The company will also invest in research and development (R&D) and explore opportunities in international markets. The larger goal is to build a Rs 1,000 crore business and grow DailyObjects into a global, design-led consumer brand from India.
Revenue Nearly Doubles
DailyObjects reported revenue of Rs 110 crore in FY25. According to Garg, the company’s revenue nearly doubled in FY26, while it expects to reach Rs 380 - 400 crore in FY27.
The company also said it has healthy unit economics, giving it room to continue investing in retail expansion, product development and new markets.
International Expansion and IPO Plans
DailyObjects is also looking beyond India. The company is currently evaluating different international markets and is in the early stage of research and exploration. More concrete expansion plans could take shape from the next financial year.
Garg also said that the company may look at an IPO in the coming years, as it continues to grow its business and expand its presence.
Investors See Global Potential
P R Srinivasan, Managing Partner at Xponentia Capital Partners, said DailyObjects has created a distinct brand in a market where products have often been more focused on functionality and price.
He added that the company has the potential to build a global consumer brand from India and said Xponentia is happy to be part of its growth journey.
Before this Series C round, DailyObjects had raised around Rs 100 crore in equity over the last decade to build and scale its business.
With fresh capital, a growing retail network, rising revenues and plans for international expansion, DailyObjects is now looking to take its next big step and build a larger consumer brand from India.
