AllHome, the home improvement startup founded by the co-founders of PharmEasy, has raised ₹200 crore (around $21 million) in its Series B funding round. With this latest investment, the company’s valuation has reached ₹2,000 crore (around $210 million), almost doubling from its previous valuation.
The funding round included both equity and debt. Existing investor Bessemer Venture Partners led the equity investment, while Strides and several family offices also participated. The debt funding was provided by Stride Ventures. The latest fundraise shows strong investor confidence in AllHome’s business model and growth plans.
Launched in June 2025, AllHome is working to organise India’s large but fragmented home improvement market. The company combines technology, manufacturing and distribution to make it easier for customers and businesses to buy quality building materials and interior products.
Fresh Funds to Support Expansion Plans
AllHome was started by PharmEasy co-founders Dharmil Sheth, Dhaval Shah and Hardik Dedhia after they stepped away from their day-to-day roles at the company. Later, PharmEasy CEO Siddharth Shah also left his operational role and joined AllHome as an active co-founder.
Instead of running only an online marketplace, AllHome partners with profitable home improvement brands. It helps these brands with technology, manufacturing, distribution, market insights and designer support.
The startup currently sells products in four categories – surfaces, hardware and bath fittings, facades and windows, and lighting. It also plans to add more products in the coming months.
According to co-founder Dharmil Sheth, the newly raised money will be used in three key areas. The company plans to improve its technology platform, open more experience centres across the country and increase its manufacturing capacity.
The founders want to build a complete home improvement business instead of just an online platform. They believe this approach will offer customers a better buying experience and support long-term growth.
Strong Revenue Growth and Early Profitability
AllHome has shown strong financial growth in a short time. During its first full financial year (FY26), the company recorded around ₹180 crore in recognised revenue. It is now operating at an annualised revenue run-rate of more than ₹400 crore.
The startup has also become profitable at the EBITDA level, with healthy margins of 18% to 20%. This is a major achievement because home improvement businesses usually spend heavily to acquire customers and grow their operations.
Before this Series B round, AllHome had raised its seed funding in June 2025 at a valuation of around $120 million. That round was backed by Bessemer Venture Partners along with well-known angel investors, including PharmEasy CEO Siddharth Shah, Motilal Oswal executives Niket Shah and Shalibhadra Shah, B Capital founding general partner Kabir Narang, and Warburg Pincus’ Ankur Gulati.
India’s home improvement and interior solutions market is estimated to be worth around $60 billion and continues to grow because of rising real estate development and increasing demand for premium homes, offices and commercial spaces.
Co-founder Dhaval Shah said customers today want more transparency about the materials used in their homes and workplaces. He believes technology can make the buying process simpler, more reliable and more organised.
Bessemer Venture Partners also believes that India’s building materials sector is still largely unorganised, creating a big opportunity for technology-driven companies like AllHome.
The company now competes with major players such as Infra.Market and Livspace, which are also expanding their businesses in the home improvement sector. With fresh funding, strong revenue growth and a profitable business model, AllHome is aiming to strengthen its position in one of India’s fastest-growing markets.