Quick commerce startup Homerun raises $12M in Series A+

HomeRun, a startup specializing in quick commerce for construction and interior materials, has successfully closed a $12 million Series A+ funding round. The investment was led by Nexus Venture Partners and included participation from existing backers Sorin Investments, Titan Capital, Sparrow Capital, and Consumer Collective by Atrium. This new capital will be utilized to broaden their geographic reach and continue investing in supply chain, technology, and category expansion.

Previously, HomeRun had secured $6.6 million earlier in the year. The platform offers construction and interior materials to contractors and homeowners at competitive prices, with delivery guaranteed within 60 minutes. Their focus is on high-frequency categories such as wires, plywood, cement, hardware, and paints.

HomeRun claims they have processed 100,000 orders and have experienced an 8-fold growth in the past year. The company was founded by Pukhraj Grewal, who aims to tackle the longstanding issues of unreliable supply, opaque pricing, last-minute shortages, and labor downtime in the construction industry.

Grewal stated, "Building material procurement in India has remained fragmented and inefficient for far too long. At HomeRun, we're making it as reliable, transparent and fast as any modern commerce experience." The startup's co-founders previously launched Tornado, a tech-enabled interior contracting startup, and Project Hero, a construction labor-hiring platform.

Anand Datta, Partner at Nexus Venture Partners, commented, "Our quick commerce thesis centers on formalising supply chains while preserving the proximity advantage of small-format local merchants. Building materials and local hardware is one such supply chain that has largely skipped digitization. The company is growing rapidly without offering credit and with great unit economics."