AllHome Raises Rs 200 Crore in Series B Funding

AllHome, a home improvement startup, has secured Rs 200 crore (over $21 million) in a Series B funding round led by Bessemer Venture Partners, achieving a valuation of Rs 2,000 crore ($210 million). This funding round also attracted contributions from Strides and various family offices.

About AllHome’s Founders and Initial Funding

Established in June of the previous year by PharmEasy co-founders Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, AllHome focuses on marketing architectural and interior design products through its platform. At its inception, the company had successfully raised an undisclosed amount in a funding round valued at $120 million, which involved notable angel investors like Siddharth Shah from PharmEasy, Niket Shah and Shalibhadra Shah from Motilal Oswal, and Kabir Narang from B Capital, among others. It has been noted that Siddharth Shah has taken on a co-founder role at AllHome.

Utilisation of Fresh Capital

The newly acquired funds will be instrumental in broadening its network of experience centres, fortifying its technology platform, and expanding its array of home improvement brands.

AllHome’s Product Offerings

AllHome operates a house of brands platform catering to home improvement products that include hardware, bathware, facades, windows, surfaces, and lighting solutions. At present, the company provides products in four main categories: surfaces, hardware and bath fittings, facades and windows, along with lighting, with intentions to further diversify its portfolio.

Impressive Growth Metrics

Within just 12 months of its launch, AllHome has reported reaching an annual revenue run rate of over Rs 400 crore and is EBITDA profitable, showcasing impressive margins of 18% to 20%.