HomeRun raises USD12 million for construction materials delivery
Nexus Venture Partners leads a Series A+ round to support market expansion and the supply chain.
HomeRun has secured USD12 million in a Series A+ round led by Nexus Venture Partners. Existing investors Sorin Investments, Titan Capital, Sparrow Capital and Consumer Collective by Atrium also participated, Entrackr reported on August 6.
The Bengaluru business plans to enter new markets and invest in its supply chain, technology and product range. Its service delivers construction and interior materials to contractors and homeowners, advertising a 60-minute local delivery window.
The investment follows a separate USD6.6 million financing earlier in the year. HomeRun said it had fulfilled more than 100,000 orders and grown eightfold over the preceding year; those operating figures are company-reported.
Use of funds
Market expansion
Supply chain
Technology
Product catalogue