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DailyObjects doubles revenue in FY23 and stays profitable

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DailyObjects logo
Date
Company
DailyObjects
What it does
FY23 growth with profit
Kind
Results
Based in
Gurugram
Founded
2012

What they do

The founder said yearly revenue from operations grew to about ₹85 crore, roughly 2.1 times the year before

What happened

About 65% of sales came through its own website and app, the rest from Amazon, Myntra and Flipkart

Why it matters

Average order value was around ₹2,000, with 47% repeat customers and gross margin near 56%

The details

  • DailyObjects claimed 2.1x revenue growth in FY23.
  • It said it stayed profitable thanks to low customer acquisition cost.
  • Its range covers bags, wallets, chargers and stationery.

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