All Home, a startup operating in the interior design and architecture space founded by the co-founders of digital pharmacy PharmEasy, has raised Rs 200 crore in a funding round that doubled its valuation, according to ET Retail. The company partners with brands by investing in them and providing capabilities such as technology support, internet-led manufacturing and distribution, and market insights.
Funding and Valuation
The latest round follows a $20 million raise in June 2025 (approximately Rs 180 crore at the prevailing exchange rate), and the company’s valuation has since doubled. The capital will be used to strengthen All Home’s proprietary technology stack, expand experience centres, and build state-of-the-art manufacturing facilities, with Sheth stating: "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."
Business Model and Technology
All Home positions itself as a full-stack consumer company targeting India’s largely informal and fragmented building materials market. Instead of a pure marketplace, it provides technology support, internet-led manufacturing and distribution, and market insights to partner brands. The founders identified inefficiencies in the procurement process—designers coordinating with multiple vendors, long turnaround times, lack of design cohesion, and inadequate after-sales support—as the impetus for entering the segment.
Company Performance
In its first full year of operations (fiscal year 2026), All Home reported revenue of around Rs 180 crore and is currently tracking an annualised revenue run rate of Rs 400 crore. The company is already profitable and growing at nearly three to four times the sector average, according to Anant Vidur Puri, partner at Bessemer Venture Partners.
| Metric | Amount/Detail |
|---|---|
| Latest Funding | Rs 200 crore (valuation doubled) |
| Previous Funding (June 2025) | $20 million (~Rs 180 crore) |
| FY2026 Revenue | ~Rs 180 crore |
| Annualized Revenue Run Rate | Rs 400 crore |
| Growth Rate vs Sector Average | 3–4 times |
Market Context and Quotes
Dhaval Shah noted: "India's booming real estate sector and the premiumisation of residential, hospitality and commercial spaces are driving demand for better products. Consumers today want greater transparency about what goes into their spaces, how the final outcome will look, and access to the best available options." Anant Vidur Puri added: "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."
Founder Background
All Home was launched by Sheth, Shah and Dedhia, who stepped away from operational roles at PharmEasy in January last year. Siddharth Shah—founder and former CEO of PharmEasy—stepped down from his operational role in August 2025 but continues to serve on the board of PharmEasy parent API Holdings as vice chairman. The founders’ experience in building a large-scale digital healthcare marketplace informs their approach to digitising the home improvement and building materials sector.
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