PharmEasy co-founders have turned their focus to a new business, and the bet is already paying off. Their startup AllHome has raised Rs 200 crore in a Series B round led by Bessemer Venture Partners, giving the company a valuation of about Rs 2,000 crore. AllHome is a home improvement and building materials startup founded by Dharmil Sheth, Dhaval Shah and Hardik Dedhia. The company also later brought in Siddharth Shah as a co-founder, and it has been building a tech-led platform for architectural and interior design products.
The fresh funding is a strong sign of investor confidence in India’s home improvement market. Along with Bessemer, Stride Ventures and several family offices also joined the round, showing broad support for the startup’s plan.
AllHome will use the new capital to expand its experience centres, strengthen its technology platform and build a wider portfolio of home improvement brands. Its product categories currently include hardware, bathware, facades, windows, surfaces and lighting.
The startup has grown quickly in a short time. It had earlier raised an undisclosed round at a valuation of $120 million, and the latest round has nearly doubled its value to around $210 million.
This fundraise also reflects a bigger trend in India: investors are backing startups that bring technology into traditional sectors like construction and interiors. If AllHome executes well, it could become a stronger player in a large and fragmented market.
FAQs [Frequently Asked Questions]
1. What is AllHome?
AllHome is a home improvement startup founded by PharmEasy co-founders. It focuses on architectural and interior design products with a tech-led business model.
2. How much funding did AllHome raise?
AllHome raised Rs. 200 crore in a Series B round led by Bessemer Venture Partners, with participation from Stride Ventures and family offices.
3. How will AllHome use the money?
The company will expand experience centres, improve its technology stack, and grow its product portfolio across home improvement categories.