AllHome Raises ₹200 Cr Series B Led by Bessemer

AllHome, a home improvement startup co-founded by the entrepreneurs behind PharmEasy, has successfully closed its Series B funding round, securing ₹200 crore (approximately $21 million). The round was spearheaded by Bessemer Venture Partners, with additional participation from Stride Ventures and several family offices. This significant capital infusion propels the startup’s valuation to ₹2,000 crore (about $210 million), underscoring strong investor confidence in its growth trajectory.

The funding, which reportedly includes a mix of equity and debt, will be strategically deployed to enhance AllHome’s operational capabilities. Key areas of investment include expanding its network of physical experience centers, bolstering its manufacturing facilities, and further developing its proprietary technology stack. The company aims to leverage this capital to solidify its position in the burgeoning home improvement market.

Founded in 2024 by Dharmil Sheth, Dhaval Shah, Siddharth Shah, and Hardik Dedhia, AllHome operates as a ‘house of brands’ marketplace, focusing on architectural and interior design products. The startup targets the fragmented home improvement products sector by organizing it through technology. Its current offerings span four core segments: surfaces, hardware and bath fittings, facades and windows, and lighting, with plans to diversify into new categories.

In its previous funding round in June last year, AllHome garnered seed funding at a $120 million valuation, supported by prominent angel investors. Within its first year of operation, the company reports an annual revenue run rate exceeding ₹400 crore and has achieved EBITDA profitability with operating margins between 18-20%. AllHome projects reaching ₹1,000 crore in revenue within the next four to six quarters.

Dhaval Shah highlighted the company’s technological differentiator, stating, “Consumers today are very demanding and want to know transparently what exactly is going into their space, how will it look eventually and also want options which are also always the best. That’s where AllHome with its technology stack plays the differentiator, with a set of well curated, designed, manufactured and delivered products that can go into any space.”

AllHome is tapping into India’s construction materials and interior products market, a sector valued at over $50 billion that is experiencing a notable trend towards premiumization.