DailyObjects raises $34M to expand offline stores
DailyObjects, the direct-to-consumer brand best known for tech accessories like phone cases and chargers, just raised ₹332 crore (about $34 million) in Series C funding. The money will go to expanding its physical retail network across India (from 9 to 150 stores over five years), as well as product development and potential global moves. Early investor Roots Ventures partially cashed out with an 18X return.
- Series C round valued at $108 million
- Funds to open 150 stores in India
- Product and R&D work will also be ramped up
- Roots Ventures saw an 18X partial exit
- Aiming to double revenue by FY26
Sources covering this
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