DailyObjects, a D2C design and lifestyle brand, has secured $10 million in a Series B funding round led by 360 ONE Asset. From what is understood, the round also witnessed participation from its existing investor – Roots Ventures.
“We are excited to welcome 360 ONE Asset on board, alongside the continued support of Roots Ventures. Design has always been the core of what we do at DailyObjects, and as we grow, we’re excited to bring new product innovations to the market. This funding allows us to expand our product portfolio with a greater focus on design and innovation”. He added, “Retail is a long-term game, and we are here to build a global brand from India that thinks and delivers original designs,” Pankaj Garg, co-founder and CEO, DailyObjects, said.
Reportedly, the company will strengthen its focus on expanding its distribution channels, product innovation, team expansion, and scaling up its manufacturing capacity.
“DailyObjects’ products have tremendous customer love and are a result of a decade long journey for Pankaj and Saurav to solve problems for consumers with a design-first approach. The company has scaled up rapidly on the back of a capital efficient model and 360 ONE Asset is delighted to be a part of the next phase of the journey,” Karan Ahuja, fund manager, 360 ONE Asset, added.
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