Nexus Venture Partners Leads HomeRun's $12M Series A+ to Scale Quick Commerce for Construction Materials

Quick commerce platform for construction and interior materials, HomeRun has raised $12 million in a Series A+ round of funding led by Nexus Venture Partners with participation from existing investors Sorin Investments, Titan Capital, Sparrow Capital and Consumer Collective by Atrium.

The Series A+ round comes within a few months of HomeRun raising $6.6 million earlier this year. The capital will be used to expand geographies and to further invest in supply chain, technology and category expansion initiatives.

HomeRun delivers construction and interior materials to contractors and homeowners at competitive prices, within 60 minutes, with a focus on reliability and material genuineness. This addresses long-standing pain points around unreliable supply, opaque pricing, last-minute shortages and labour downtime that disrupt new construction, renovation and repair activities.

With 100,000+ orders delivered, HomeRun has already become the largest retailer in Bengaluru across its top categories, growing 8X in the last 12 months. The platform's model gives building material brands a scalable, well-capitalised new age retail channel, while giving contractors and homeowners a reliability they haven't had in this category before.

HomeRun was founded by Pukhraj Grewal who brings over a decade of experience in construction, contracting and operations. Previously, Pukhraj co-founded Tornado - a tech enabled interior contracting startup and Project Hero, a construction labour-hiring platform.

Pankaj Grewal

Pukhraj Grewal, Founder & CEO, said, "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 strong customer response reinforces the scale of this opportunity. With Nexus joining us, we're excited to expand into new cities and build the country's most trusted platform for building materials."

Anand Datta, Partner, Nexus Venture Partners, added, "Our quick commerce thesis centers on formalizing 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. In Pukhraj, we found a founder who deeply understands the small contractor's pain points, having lived that persona himself. The company is growing rapidly without offering credit and with great unit economics. We're thrilled to partner with the team."

"Sorin Investments invested in HomeRun six months ago on the belief that this category rewards operational depth over capital. HomeRun operates in a notoriously complex supply chain, and the team has scaled the business sharply since then with phenomenal execution. We think the best chapters are still ahead, and we're proud to double down on Pukhraj and the team," said Subeer Monga, Partner, Sorin Investments.

Shiv Kapoor, Vice President at Titan Capital, said, “Sometimes the combination of a founder, market and model feels custom-made. This marks our third investment in HomeRun and Pukhraj in the last one year - that is the epitome of conviction. We know the company will become an essential pillar of the construction ecosystem by being relentlessly disciplined and creating value for the supplier, the developer and the end customer.”

About HomeRun

HomeRun is a quick commerce platform for construction and interior materials. By combining localized inventory, fast fulfillment and transparent pricing, HomeRun enables homeowners and contractors to procure materials within 60 minutes at the right price - eliminating delays, uncertainty and workflow disruptions. The platform focuses on high-frequency categories including wires, plywood, cement, hardware and paints.

About Nexus Venture Partners

Nexus is an early-stage venture capital firm partnering with the most ambitious founders building product-first companies. Founded in 2006, Nexus manages $3.2 billion in capital across funds and operates as an integrated team across the US and India. Nexus portfolio includes Delhivery, Turtlemint, Rapido, Zepto, Snabbit, Postman, India Shelter, Infra.Market, Ultrahuman Apollo.io, MinIO, Fingerprint, Avoca, Firecrawl, Orkes, Gumloop, Neysa, Giga, Tensorwave, Druva, Observe.ai, Daloopa, Pubmatic, PromptQL, and more. For more information, visit www.nexusvp.com or follow @Nexus Venture Partners on LinkedIn or @nexusvp on X.

About Sorin Investments

Co-founded by former KKR India CEO Sanjay Nayar and The Caravel Group CEO Angad Banga, Sorin Investments is an early-stage venture capital firm backing ambitious technology founders across AI, fintech, consumer, B2B Tech and healthcare. In May 2024, the firm closed its maiden ₹1,347 crore fund, with backing from prominent investors including KKR co-founder Henry Kravis and the Munjal family of Hero Group. Its portfolio includes Uniqus Consultech, The Pant Project, Shivalik Small Finance Bank, Venwiz, Litestore, Freed, Beacon.li, Enmovil, Spike AI, Aivar Innovations, HomeRun, Kily and Nivaan, underscoring its commitment to nurturing high-growth, innovative enterprises.

About Titan Capital

Titan Capital backs world-class entrepreneurs building transformative companies from the ground up. As one of India’s most active seed-stage investors, Titan has backed over 250 startups, including Ola, Razorpay, OfBusiness, Urban Company, Unicommerce, Shadowfax, Credgenics, Giva, and many more—supporting founders from idea to IPO.