DailyObjects, an Indian design-led lifestyle-tech brand, raised ₹332 crore in a funding round led by Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital at a valuation of about ₹1,050 crore, the company announced. The round included both primary and secondary transactions, with early investor Roots Ventures partially exiting with an 18x return while remaining a shareholder.
The funding round was advised exclusively by The Rainmaker Group and involved participation from 360 One Asset and Trifecta Capital alongside existing investors. P.R. Srinivasan, managing partner at Xponentia, highlighted DailyObjects’ focus on global standards and its potential to become a global consumer brand from India. The company had been preparing for this round since at least late September, according to prior reports.
This capital injection marks a new growth phase for DailyObjects, enabling it to expand its retail footprint, enhance product development and research capabilities, and strengthen brand building efforts. The company aims to explore international market opportunities, differentiating itself in a sector where products have traditionally prioritized function over design and competition has largely centered on cost.
DailyObjects’ latest funding round underscores investor confidence in its strategy and brand positioning, with Roots Ventures securing an 18x return on its initial investment. The company plans to leverage the ₹332 crore raised to scale operations and accelerate its global ambitions, according to its official statement.