Trilegal advises DailyObjects on ₹332 crore Series C fundraise

Firki Wholesale Private Limited, dba DailyObjects, has raised ₹332 crore from a Series C fundraise led by Xponentia Capital Partners, Anicut Capital, and Axiom Asia Private Capital.

The transaction is structured as a combination of a primary capital infusion into Daily Objects by Xponentia Capital Partners, Anicut Capital, Axiom Asia Private Capital, Sattva Family Office, and certain angel investors and a secondary sale of securities by an existing institutional investor and founders of DailyObjects.

Trilegal advised DailyObjects on this fundraise. The Firm's  scope of work involved: drafting, negotiating and finalizing the transaction documents including shareholders' agreement, share subscription agreement, share purchase agreement, and employment agreements; assistance in relation to completion of conditions precedent and closing actions under the transaction documents; and advising and assisting Daily Objects on ancillary structuring aspects in relation to the Transaction.

The transaction was led by Nikhil Sachdeva (Partner), with support from Narayan Gupta (Counsel), Tushar Bakshi (Senior Associate) and Associates Ayush Sharma and Aman Bhardwaj.

DailyObjects is a design-first, scaled lifestyle-tech brand that creates customized handbags, wallets, home office products and other similar tech and lifestyle products for day-to-day use.

The fundraise will power DailyObjects' next chapter, expanding on the exclusive brand outlets, deepening its design and research and development capabilities to bring more distinctive products to its existing categories, and laying the groundwork for international expansion, as it works towards building a global design led consumer brand from India.

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