Zivy, an AI tool for managing workplace tasks, and DailyObjects, a D2C lifestyle brand, have raised new funds to expand their businesses. Zivy aims to improve workplace productivity, while DailyObjects focuses on tech accessories and lifestyle products.
Zivy has raised $1.2 million in a pre-seed funding round. The round was co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures. Angel investors like Ashwin Bhatnagar, Anand Balaji, and Razorpay co-founders Harshil Mathur and Shashank Kumar also joined the round.
Zivy plans to use the funds to improve its product and expand its research team. The company was co-founded in 2023 by Prashanth YV and Vivek Karna. Zivy’s platform works like an AI-powered copilot, helping managers organize their tasks and focus on what’s important.
The tool integrates with Slack, analyzing conversations and tasks. It filters out less important information, making sure managers focus on the most urgent tasks.
DailyObjects, a brand that makes tech accessories and lifestyle products, has raised Rs 86 crore (more than $10 million) in a funding round led by 360 One Ventures. This is the company’s first major funding in 30 months.
The company issued 8,118 convertible shares, raising Rs 72 crore ($8.6 million), according to its filings. The Series B round will close at $10 million.
DailyObjects will use the funds for working capital, business expansion, and other corporate needs. The company also increased its Employee Stock Option Plan (ESOP) by adding 1,450 options, bringing the total value of the pool to Rs 24.65 crore.
Following this investment, Roots Ventures remains the largest external shareholder with 27.8%. New investor 360 One Ventures holds 18.84%, while co-founders Pankaj Garg and Saurav Adlakha hold 43.07% of the company.
Founded in 2012, DailyObjects offers products like bags, wallets, charging solutions, and stationery. The company reported a two-fold revenue growth to Rs 83 crore in FY23. DailyObjects opened its first offline store in December 2022.
Both Zivy and DailyObjects will use the new funds to expand. Zivy will focus on improving its AI platform, helping managers be more productive. DailyObjects will continue growing its product line, reaching more customers through online and physical stores.