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Bengaluru-based quick commerce for construction and home improvement materials startup HomeRun is in talks to raise around ₹100 Cr (about $11 Mn), people aware of the matter told Inc42 on the condition of anonymity.

As per sources, the fresh round is likely to be led by Nexus Venture Partners with participation from HomeRun’s existing investors including Sorin Investments, among others.

The startup’s post money valuation is likely to be between ₹450 Cr – ₹500 Cr.

It is pertinent to note that the size and valuation of the round are yet to be finalised and can see some variations in the coming days.

Questions sent to HomeRun and Nexus Venture Partners didn’t elicit any response at the time of publication.

The fresh development comes almost a month after the startup announced a $6.6 Mn in a funding round led by Sorin Investments. Other investors like Titan Capital Winners Fund, Sparrow Capital, Consumer Collective by Atrium, and Helios Holdings also joined the startup’s cap table back then.

Founded in 2024 by Pukhraj Grewal, HomeRun claims to deliver construction and renovation materials within 60 to 90 mins. The startup’s SKUs include cement, tiles, paints, water proofing products, wires, plywood, among others. Currently, the startup’s services are available in Bengaluru.

Prior to setting up HomeRun, Grewal founded construction-focussed labour hiring platform Project Hero in 2021. Although the startup had raised capital from Ankur Capital and Omidyar Network India, it had to shut shop in 2024.

With the fresh capital, the startup will expand its operations in newer cities by setting up newer dark stores. After strengthening its presence in Bengaluru, it intends to expand in cities like Hyderabad and Pune.

The quick commerce business model has become investors favorite in the last few years. It started with grocery delivery, where investors poured billions of dollars to capture market share. Swiggy’s Instamart, Eternal’s Blinkit, and Zepto continue to command a lion’s share in this particular space.

After seeing success in this space, the quick commerce business model later went vertical, by catering into niche segments such as house help, quick food, child care, and now even beauty.

Just last week, quick maid services platform Pronto bagged $25 Mn in funding at a $100 Mn valuation. Its competitor Snabbit is in talks to raise $100 Mn – $125 Mn in funding.

The post Exclusive: HomeRun In Talks To Raise ₹100 Cr To Scale Quick Commerce For Construction appeared first on Inc42 Media.