Mumbai-based home improvement startup AllHome has secured ₹200 crore (approximately $21 million) in its Series B funding round, strengthening its position in India’s rapidly expanding home improvement and construction materials market. Founded by PharmEasy co-founders Dharmil Sheth, Dhaval Shah, Siddharth Shah, and Hardik Dedhia, the startup has achieved a post-money valuation of ₹2,000 crore (around $210 million) following the latest investment.
Bessemer Venture Partners led the funding round, while Stride Ventures and several family offices also participated. According to reports, the investment comprises a combination of equity and debt. The company will utilise the fresh capital to expand its network of physical experience centres, strengthen its manufacturing capabilities, and enhance its proprietary technology platform.
Founded in 2024, AllHome aims to organise India’s highly fragmented home improvement industry by leveraging technology to simplify the purchase of architectural and interior design products. The company operates a house of brands marketplace, offering customers curated solutions across multiple product categories while streamlining the sourcing and buying process.
Within just 12 months of launching operations, AllHome claims to have achieved an annual revenue run rate exceeding ₹400 crore. Additionally, the startup has reported EBITDA profitability, maintaining operating margins between 18 per cent and 20 per cent, reflecting its focus on sustainable and profitable growth.
Building on this momentum, the company has set an ambitious target of crossing ₹1,000 crore in revenue over the next four to six quarters. To support this growth, AllHome plans to continue expanding its product portfolio while strengthening its presence in India’s over $50 billion construction materials and interior products market.
Currently, the startup offers products across key categories, including surfaces, hardware and bath fittings, facades and windows, and lighting. Furthermore, the company plans to introduce additional product categories as it broadens its offerings to cater to homeowners, architects, interior designers, contractors, and developers.
The latest funding follows AllHome’s successful seed funding round in June last year, when the company raised capital at a $120 million valuation. That round attracted several prominent angel investors, including Motilal Oswal executives Shalibhadra Shah and Niket Shah, along with Kabir Narang, Founding General Partner at B Capital.
Commenting on the company’s competitive advantage, Dhaval Shah highlighted AllHome’s technology-driven approach to the home improvement sector. He emphasised that the company’s proprietary technology stack enables consumers to access products that are transparent, curated, designed, manufactured, and delivered through a seamless experience. He further noted that today’s consumers increasingly seek greater transparency and carefully curated solutions when designing and furnishing their homes.
As India’s residential construction and home renovation markets continue to grow, AllHome aims to capitalise on increasing consumer demand for organised, technology-enabled home improvement solutions. The company’s continued investment in technology, manufacturing, and offline experience centres reflects its long-term vision of transforming how customers purchase construction materials and interior products across the country.
