PharmEasy co-founders Dharmil Sheth, Dhaval Shah and Hardik Dedhia have launched their new venture called ‘All Home’ in the architectural and interior design space, months after exiting the online pharmacy company.
A report by Economic Times confirmed the news. It further stated that ‘All Home’ will partner with brands in the space by investing in them and offering them capabilities such as technology support, internet-led manufacturing and distribution and market insights.
Among the three founders, Sheth took charge of operations, Shah will oversee brand building along with finance, legal, compliance, and HR, while Dedhia would be responsible for managing the technology function.
The trio had stepped away from operational roles at PharmEasy in January. At the time, a company statement had stated that these founders would remain part of the group as board members or observers, while reducing their involvement in day-to-day executive responsibilities.
While speaking to Economic Times, Shah said that All Home has raised capital from Bessemer Venture Partners, in addition to angel investors including PharmEasy founder and CEO Siddharth Shah, Motilal Oswal Asset Management’s chief investment officer Niket Shah, Motilal Oswal Financial Services’ group CFO Shalibhadra Shah, and B Capital’s founding general partner Kabir Narang.
He said that the company has been valued at $120 million following the round even as he refrained from disclosing the funding amount.