Construction qcomm outfit HomeRun raises $12 million from Nexus Venture Partners, others
HomeRun, the Bengaluru-based startup that specializes in quick delivery of construction and renovation materials, has successfully raised twelve million dollars in a funding round led by Nexus Venture Partners. This fresh capital injection will support its expansion efforts and improve its supply chain technology. Having completed over one hundred thousand deliveries in the last year, this…
HomeRun, a Bengaluru-based startup specializing in quick delivery of construction and interior materials, has secured $12 million in funding. The round, led by Nexus Venture Partners, sees participation from existing investors Sorin Investments, Titan Capital, Sparrow Capital, and Consumer Collective by Atrium. The capital will be allocated towards expanding the company's geographical coverage, improving its supply chain and technology, and venturing into new product categories.
Founded in 2024, HomeRun currently operates in the Bengaluru area, offering delivery of construction materials within 60 minutes. Their product range includes items like cement, plywood, electricals, plumbing supplies, hardware, adhesives, and finishing products. Targeting both homeowners and contractors, the startup aims to revolutionize the fragmented and inefficient building material procurement process in India, making it as reliable, transparent, and fast as modern e-commerce.
Pukhraj Grewal, the founder and CEO, emphasized the company's mission to formalize the supply chains while maintaining the proximity advantage of small-format local merchants. The funding brings HomeRun's total financing to $6.6 million since its inception. Anand Datta, a Partner at Nexus Venture Partners, highlighted the potential in digitizing traditionally un-digitized supply chains, such as those for building materials and local hardware.
The investment reflects a broader trend of venture capital firms showing strong interest in vertical quick commerce platforms across various categories, including house help, beauty, fashion, and more.
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