DailyObjects Co-founders: Pankaj Garg (L), and Saurav AdlakhaGurugram, Haryana-based global D2C platform DailyObjects, on Monday, raised INR 86 (around $10 million) crores in a fresh funding round from 360 One Ventures. The company last raised $2 million in early-stage funding from Roots Ventures.
Founded in 2012 by Pankaj Garg and Saurav Adlakha, DailyObjects offers tech accessories and lifestyle products ranging from bags, wallets, charging solutions, stationery, and other accessories. The company also opened its first offline store in December last year in DLF CyberHub, Gurugram.
According to Entrackr, After the latest development, Roots Ventures stays as the largest external shareholder with $27.8 percent followed by 360 Ventures holding 18.84 percent, while the co-founders Pankaj Garg and Saurav Adlakha together own 43.07%.
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DailyObjects also expanded its Employee Stock Option Plan (ESOP) by adding 1,450 options, bringing the total pool to ESOP 2,780 options. This increase has raised the overall value of the ESOP pool to Rs 24.65 crore.
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