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DailyObjects Secures ₹332 Crore for Global Expansion
8 Oct
Summary
- Lifestyle tech brand DailyObjects raised ₹332 crore in Series C funding.
- The company plans to expand to 150 Exclusive Brand Outlets in five years.
- DailyObjects projects revenues of ₹380-400 crore by FY27.
Lifestyle tech brand DailyObjects has secured ₹332 crore in a Series C funding round, combining primary and secondary transactions. The investment was spearheaded by Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital. This funding values the brand at ₹1,050 crore and provides a partial exit for early investor Roots Ventures, which will retain a stake alongside other shareholders.
Co-founder and CEO Pankaj Garg stated the funds will be used to scale retail presence to 150 Exclusive Brand Outlets (EBOs) from the current 18 over five years. Significant investment will also go into R&D and tapping international markets, with a goal to build a ₹1,000 crore business and become a global design-led consumer brand from India. Revenues for FY25 were ₹110 crore, with a projection to nearly double in FY26 and reach ₹380-400 crore by FY27, supported by healthy unit economics.
The company is evaluating potential international markets, with concrete expansion plans anticipated from the next financial year. DailyObjects also intends to pursue an IPO in the coming years. Xponentia Capital Partners highlighted DailyObjects' potential to create a distinctive global consumer brand from India, moving beyond traditionally functional and cost-focused market competition.
