Company Name : DailyObjects
Funding Amount : Rs 9 Crore
Investor(s) Unilazer Ventures Peyush Bansal. Phanindra Sama.
Funding Round : Not Disclosed
Online gadget accessory marketplace, DailyObjects has raised Rs 9 crore led by Ronnie Screwvala’s venture capital firm Unilazer Ventures, Lenskart founder Peyush Bansal and redBus founder Phanindra Sama.
The company founded in 2012 by Saurav Adlakha and Pankaj Garg, plans to enter into the offline space and open and launch around 100 outlets by end of February. Three exclusive outlets will be set at the airports of Mumbai, Delhi and Bangalore.
DailyObjects works with 60 Indian and foreign artists who design products including premium cases for smartphones and the MacBook for an average ticket size of Rs 1,500. The company plans to launch leather smartphone and sunglass soon.
DailyObjects co-founder and CEO, Pankaj Garg said “Receiving funding from some of the most astute investors in the country vindicates our business strategy and gives us the means to execute our vision of selling products that democratise art & design. DailyObjects went against the market trend and differentiated with our collection of art, something no other Indian brand has done before. The company’s success has proved that the Indian consumer values great design and considers it a premium feature. This funding will allow us to launch many new lines of personal products that combine functionality with incredible style; allowing Indian consumers’ unique means of self-expression that no other brand provides.”