Pharmeasy founders’ new venture All Home raises Rs 200 crore; valuation doubles

Mumbai-based All Home has raised Rs 200 crore in a fresh funding round led by existing backer Bessemer Venture Partners and family offices. The round, comprising a mix of equity and debt, values the startup, founded by PharmEasy founders Dharmil Sheth, Dhaval Shah, Hardik Dedhia and Siddharth Shah, at Rs 2,000 crore, double the valuation after its seed round in June 2025. The debt component was raised from Stride Ventures.

All Home, which operates in the interior design and architecture segment, partners with brands by investing in them and providing capabilities such as technology support, internet-led manufacturing and distribution, and market insights.

“The building materials space is deeply unorganised, and we’re building not just a marketplace but a full-stack consumer company… through deep manufacturing technology. The capital will be used to strengthen our proprietary technology stack, expand experience centres and build state-of-the-art manufacturing facilities,” Sheth said in a statement.


The company said it closed 2025-26, its first full year of operations, with revenue of about Rs 180 crore and is currently tracking an annualised revenue run rate of Rs 400 crore. In June 2025, it had raised $20 million (about Rs 180 crore at the prevailing exchange rate).

“India’s booming real estate sector and the premiumisation of residential, hospitality and commercial spaces are driving demand for better products,” said Dhaval Shah. “Consumers today want greater transparency about what goes into their spaces, how the final outcome will look and access to the best available options.”

All Home operates across four categories—surfaces, hardware and bath fittings, facades and windows, and lighting—and plans to expand into more over the next few quarters, Shah said. It has partnered with seven brands across these categories: Colour Coats, House of W, Fiamarc, The Window Factory, Ledlum, Metalia and Shapes.

The PharmEasy founders entered the segment last year after identifying inefficiencies in the procurement process, including the need for designers to coordinate with multiple vendors, long turnaround times, lack of design cohesion and inadequate after-sales support.

“India’s building materials market remains predominantly informal and fragmented. The company is already profitable and growing at nearly three to four times the sector average, underscoring our conviction in the team and All Home's trajectory," said Anant Vidur Puri, partner at Bessemer Venture Partners.

Sheth, Shah and Dedhia stepped away from operational roles at PharmEasy in January last year before launching All Home. Siddharth Shah, who was founder and chief executive of the digital pharmacy startup, stepped down from his operational role in August 2025. He continues to be on PharmEasy parent API Holdings’ board and serves as the company’s vice chairman.