HomeRun Secures Rs 60 Crore in Series A Funding for Construction Materials

HomeRun, an innovative on-demand platform for construction and interior materials, has successfully raised Rs 60 crore (approximately $6.6 million) in a Series A funding round. This round was spearheaded by Sorin Investments, which contributed Rs 40 crore. The remainder of the investment came from Titan Capital Winners Fund, with additional participation from Sparrow Capital, Consumer Collective by Atrium, and Helios Holdings.

Recent Funding Milestone

This funding successful follows a seed funding round in November of the previous year, during which HomeRun raised Rs 9 crore, co-led by Titan Capital and Sparrow Capital. The company intends to utilise the latest funds to diversify its product categories, enhance sourcing and supply chain capabilities, build dark-store infrastructure, invest in advanced fulfilment technology, and expand into new cities.

About HomeRun

Founded in 2024 by Pukhraj Grewal, HomeRun operates within the quick commerce sector, focusing specifically on construction and home-improvement materials. The platform ensures that products such as cement, plywood, electrical supplies, plumbing necessities, hardware, adhesives, and finishing materials are delivered within an impressive 60 to 90 minutes through a hyperlocal dark-store network.

Target Audience and Competition

HomeRun caters to both homeowners and contractors, aiming to resolve issues related to supply disruptions, unclear pricing, and procurement delays. The platform faces competition from traditional retailers as well as players like IBO and Material Depot.