Home improvement startup AllHome has raised Rs 200 crore (over $21 million) in a Series B funding round led by Bessemer Venture Partners at a valuation of Rs 2,000 crore ($210 million).
Founded in June last year by PharmEasy co-founders Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, AllHome sells architectural and interior design products through its platform.
It is learnt that Siddharth Shah joined AllHome as a co-founder in August last year.
AllHome operates a house of brands platform for home improvement products across hardware, bathware, facades, windows, surfaces, and lighting.
Within 12 months of launch, the startup claims to have reached an annual revenue run rate of over Rs 400 crore and is Ebitda profitable, with margins of 18% to 20%.
Home improvement startup AllHome has raised Rs 200 crore (over $21 million) in a Series B funding round led by Bessemer Venture Partners at a valuation of Rs 2,000 crore ($210 million).
The round also saw participation from Strides and several family offices.
Founded in June last year by PharmEasy co-founders Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, AllHome sells architectural and interior design products through its platform.
At launch, the company had also raised an undisclosed funding round at a valuation of $120 million from prominent angel investors, including Siddharth Shah of PharmEasy, Niket Shah and Shalibhadra Shah of Motilal Oswal, Kabir Narang of B Capital, Ankur Gulati of Warburg Pincus, and others.
It is learnt that Siddharth Shah joined AllHome as a co-founder in August last year.
The fresh capital will be used to expand its network of experience centres, strengthen its technology platform, and grow its portfolio of home improvement brands.
AllHome operates a house of brands platform for home improvement products across hardware, bathware, facades, windows, surfaces, and lighting. It currently offers products in four categories: surfaces, hardware and bath fittings, facades and windows, and lighting, and plans to expand its portfolio further.
Within 12 months of launch, the startup claims to have reached an annual revenue run rate of over Rs 400 crore and is Ebitda profitable, with margins of 18% to 20%.
