MUMBAI — Making a highly successful transition from digital healthcare to home infrastructure, the co-founders of e-pharmacy unicorn PharmEasy have officially raised ₹200 crore (approximately $21 million) for their new home improvement venture, AllHome.
The fresh capital injection comes via a Series B funding round led by global venture capital giant Bessemer Venture Partners. The round featured a mix of equity and debt, with Stride Ventures contributing the debt component alongside substantial participation from several prominent family offices. This latest deal effectively doubles AllHome’s corporate valuation to a massive ₹2,000 crore (around $210 million), up from its previous seed tracking valuation of $120 million achieved just a year prior.
From Healthtech to Home Tech
AllHome was quietly established by PharmEasy’s original leadership bench—Dharmil Sheth, Dhaval Shah, and Hardik Dedhia—after they systematically stepped away from operational roles at the online pharmacy platform. In a major recent update, PharmEasy's core founder and former CEO, Siddharth Shah, has also officially joined the executive team as an active co-founder.
Rather than running a simple listing directory, AllHome operates a highly scalable “house of brands” and full-stack consumer model. The startup partners directly with or invests in specialized omnichannel brands, supplying them with deep design insights, custom manufacturing backing, and digitized supply chains to completely formalize India’s highly fragmented building materials ecosystem.
The founders entered the architectural space after identifying deep inefficiencies in the procurement process. Traditionally, interior designers, builders, and homeowners lose months of productivity coordinating with multiple local suppliers who lack inventory tracking, transparent pricing, and design cohesion.
Strong Financial Footing & Rapid Scale
Within just 12 months of coming out of stealth mode, the Mumbai-based startup has demonstrated staggering market traction:
Annual Revenue Run Rate (ARR): Currently tracking at over ₹400 crore.
Built-in Profitability: The company confirmed it closed its first full financial year with roughly ₹180 crore in recognized revenue, operating at immediate EBITDA profitability with healthy margins hitting 18% to 20%.
Future Projections: AllHome has set a target to cross the ₹1,000 crore revenue milestone within the next four to six quarters.
“India’s booming real estate industry and the premiumisation across residential, hospitality, and commercial spaces need products that can cater to growing demand,” said co-founder Dhaval Shah. “Consumers today are highly demanding; they want transparent information about what exactly is going into their space and access to the best options available.”
The Deployment Matrix
According to statements from co-founder Dharmil Sheth, the newly secured capital will be deployed across three high-impact growth channels over the coming quarters:
Experience Centre Footprint: Aggressively expanding its physical, high-end design lounges across major metros so designers and consumers can physically interact with material integrations before purchasing.
Proprietary Tech Stack: Strengthening its digital ordering pipelines, 3D spatial visualization engines, and automated business-to-business (B2B) procurement channels.
Manufacturing Base: Developing advanced, tech-enabled manufacturing hubs inside India to accelerate local fabrication and gain greater control over supply chains.
The platform currently dominates four major interior segments—surfaces, hardware and bath fittings, facades and windows, and lighting—and has already partnered with seven rising brands, including Colour Coats, House of W, Fiamarc, The Window Factory, Ledlum, Metalia, and Shapes.
Commenting on the investment, Anant Vidur Puri, partner at Bessemer Venture Partners, stated: “India's building materials market remains predominantly informal and fragmented. AllHome is already growing at nearly three to four times the sector average while maintaining strong profitability. Their founder-led, tech-first approach is exactly what the sector needs to unlock its true potential.”