Mumbai-based home remodeling firm AllHome has secured ₹200 crore in Series B backed by Bessemer Venture Partners in a huge boost for the business formed by PharmEasy cofounders. The round also saw participation from Stride Ventures and many family offices and valued the business at around ₹2,000 crore or about $210 million.
The finance was a combination of stock and debt, an ET article said. The new funding will be used to grow AllHome’s physical experience centers network, develop its manufacturing capabilities and make additional investments in its unique technology stack.
Founded in 2024 by Dharmil Sheth, Dhaval Shah, Siddharth Shah and Hardik Dedhia, AllHome is establishing a tech-led platform to organize India’s fragmented home remodeling business. The startup is a ‘house of brands’ marketplace for architectural and interior design items.
The company’s current range consists of four main categories: surfaces, hardware and bath fittings, facades and windows, and lighting. As the firm grows its footprint throughout the larger building materials and design ecosystem, it expects to expand into new categories over time.
The latest fundraise comes a year after AllHome’s seed round in June last year, when it raised $120 million in a valuation from a group of angel investors including Motilal Oswal executives Shalibhadra Shah and Niket Shah and B Capital founding general partner Kabir Narang. The substantial spike in value indicates increased investor interest in premium home renovation and construction items.
AllHome says it has grown swiftly in its first year of operations to an annual revenue run rate of nearly ₹400 crore. The business claims boasts it has already reached EBITDA profitability, with operating margins in the 18-20% area. In the next four to six quarters, it is currently moving towards the ₹1,000 crore revenue line.
“The company is looking to meet the growing consumer demand for transparency, clarity of design and quality in home spaces,” said Dhaval Shah. AllHome’s technological stack allows it to stand apart by delivering items that are handpicked, created, produced and delivered inside one ecosystem, he added.
The firm operates in India’s building materials and interior goods sector, which is valued at over $50 billion and has a strong trend of premiumisation. With additional cash, AllHome now seems ready to develop more quickly in an industry that is still extremely fragmented but more ripe for organized, tech-driven upheaval.
