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Gurugram based Design-driven lifestyle D2C brand, DailyObjects has said, “It has raised $2 million from Root Ventures.”
“Significant part of the funding will be used for building a stronger design team and customer experiences,” the company said.
Speaking on the fundraise, Pankaj Garg, Co-Founder & CEO, of DailyObjects said, “As we look forward to scaling up the lifestyle products/accessories in India, we will be utilizing the incoming funding to strengthen the team that has constantly innovated ahead of the curve. We are delighted with the trust and faith that Roots Ventures showed in us and are focused on taking the brand to the next level.”
Commenting on the investment, Japan Vyas, Managing Partner, Roots Ventures said, ” DailyObjects has built strong in-house end-to-end capabilities, allowing it to anticipate consumer trends and launch products faster than competitors. Scaling up while focusing on quality is something that is hard to achieve, and it has not only been profitable in the journey but has become a go-to name for the youth. With multiple product offerings under a single umbrella and its expansion across the world, we believe in the excitement that DailyObjects has brought in the D2C space. We are excited to be a part of their journey.”