Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, three co-founders of Pharmeasy, have formed a new enterprise, ‘All Home’, in the architectural and interior design arena, months after leaving the online pharmacy.
According to the Economic Times, ‘All Home’ would collaborate with industry brands by investing in them and providing skills such as technical assistance, internet-led manufacturing and distribution, and market analytics.
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Sheth will oversee operations, Shah will be responsible for brand building, finance, legal, compliance, and HR, and Dedhia will handle technology.
In January, the trio left their operational roles at PharmEasy. According to a business statement at the time, these founders would stay on the board of directors or as observers while minimising their engagement in day-to-day management responsibilities.
Bessemer Venture Partners and angel investors such as Siddharth Shah, founder and CEO of PharmEasy, Niket Shah, Chief Investment Officer of Motilal Oswal Asset Management, Shalibhadra Shah, Group CFO of Motilal Oswal Financial Services, and Kabir Narang, founder & General Partner of B Capital, have invested in All Home.
He indicated that the company was valued at $120 million after the round, but declined to reveal the funding amount.
