Just a year after launching their new venture, the founders of PharmEasy have achieved another major milestone. AllHome, the home improvement startup founded by Dharmil Sheth, Dhaval Shah and Hardik Dedhia, has raised Rs 200 crore (over $21 million) in a Series B funding round, signaling strong investor confidence in a sector that is rapidly evolving with India’s real estate and interior design boom.
The funding round was led by Bessemer Venture Partners, with participation from Strides and several family offices. The investment values the startup at an impressive Rs 2,000 crore (around $210 million), marking a significant jump in valuation within just twelve months of its inception.
The fresh capital comes at a time when India’s home improvement industry is witnessing growing demand, driven by rising home ownership, premium housing projects, increasing spending on home renovations, and consumers seeking better design-led living spaces.
Building Another High-Growth Venture
After building PharmEasy into one of India’s best-known healthtech companies, founders Dharmil Sheth, Dhaval Shah, and Hardik Dedhia turned their attention to a completely different industry—home improvement.
Launched in June 2025, AllHome is focused on simplifying the fragmented market for architectural and interior design products. Instead of being just another marketplace, the startup is creating a comprehensive house-of-brands platform that caters to architects, interior designers, builders, contractors and homeowners looking for premium home improvement solutions.
The company sells products across multiple categories, bringing together various brands under one platform while also investing in customer experience and technology.
Investor Confidence Continues to Grow
Interestingly, investor interest in AllHome started even before this latest fundraising.
At the time of its launch, the startup had secured an undisclosed funding round at a valuation of $120 million from several prominent angel investors.
These included:
- Siddharth Shah of PharmEasy
- Niket Shah and Shalibhadra Shah of Motilal Oswal
- Kabir Narang of B Capital
- Ankur Gulati of Warburg Pincus
- Along with several other well-known investors.
It is also learnt that Siddharth Shah has now joined AllHome as a co-founder, further strengthening the company’s leadership team.
The latest Series B funding reflects growing confidence among institutional investors in the startup’s execution and future growth potential.
Where Will the Fresh Capital Be Used?
AllHome plans to utilise the newly raised funds to accelerate its expansion strategy.
The company intends to:
- Expand its network of experience centres across India.
- Strengthen its technology platform to improve customer experience and operational efficiency.
- Grow its portfolio of home improvement brands by adding more product categories and offerings.
The expansion indicates that AllHome is betting on an omnichannel approach, combining physical experience centres with digital capabilities to serve customers more effectively.
A One-Stop Destination for Home Improvement
The startup currently operates a house of brands model across several home improvement segments.
Its existing portfolio includes products in four major categories:
- Surfaces
- Hardware and bath fittings
- Facades and windows
- Lighting
Beyond these segments, the company plans to further expand its product portfolio, aiming to become a comprehensive destination for architectural and interior design solutions.
By bringing together multiple product categories under one umbrella, AllHome is looking to simplify sourcing for professionals while offering homeowners access to quality products through a single platform.
Rapid Growth Within Just One Year
Perhaps the biggest highlight of AllHome’s journey so far is the pace at which it has scaled.
Within just 12 months of launch, the company claims to have achieved an annual revenue run rate of more than Rs 400 crore.
Even more notable is that the startup says it is already EBITDA profitable, reporting healthy margins between 18% and 20%.
For a young venture operating in a capital-intensive segment, reaching profitability this early sets it apart from many high-growth startups that typically prioritise expansion over earnings in their initial years.
Riding India’s Home Improvement Opportunity
India’s home improvement market has been expanding steadily as urbanisation, premium housing developments and increasing disposable incomes encourage consumers to invest more in designing and upgrading their living spaces.
Architects, designers and homeowners today seek integrated solutions rather than dealing with multiple vendors for different product categories. This shift is creating opportunities for organised players that can offer curated products, technology-enabled sourcing and reliable customer experiences.
AllHome appears to be positioning itself to capture this opportunity by combining a broad product portfolio with technology, physical experience centres and a house-of-brands strategy.
With fresh capital in hand, strong investor backing and early signs of operational profitability, the PharmEasy founders are now looking to replicate their entrepreneurial success in one of India’s fastest-growing consumer-facing sectors.
While the company is still in its early stages, its rapid scale-up, improving financials and aggressive expansion plans suggest that AllHome could emerge as a significant player in India’s evolving home improvement ecosystem.
