Ankur Capital & Titan Capital backed ProjectHero launches HomeRun, a 60-minute delivery service for construction materials in Bengaluru

Bengaluru, December 17, 2024: ProjectHero, a construction tech startup which had previously raised $3.6mn from Ankur Capital, Omidyar Network, and Titan Capital, has introduced HomeRun, a quick commerce platform offering 60-minute delivery of construction materials. HomeRun caters to contractors, professionals and homeowners and currently delivers to around 800 SKUs across 76 pin codes in Bengaluru. 

HomeRun addresses the problems faced by customers who typically depend on local retailers and vendors for ad hoc construction material supplies of cement, hardware, plywood etc — this is a time-consuming and a logistical nightmare, with no tracking or visibility around pricing or availability. Due to small quantities, traditional vendors are not able to fulfill these orders, HomeRun on the other hand, eliminates these hurdles by offering no-minimum-order deliveries. For instance, customers requiring just one or two bags of cement can now place an order on HomeRun without incurring high transportation costs. Additionally, HomeRun supports on-demand material delivery directly to construction sites, ensuring quick access to supplies needed unexpectedly or at short notice. 

“Quick commerce has disrupted everything from groceries to gadgets. Now, we’re bringing that same game changing speed & customer experience to construction. HomeRun isn’t just a platform; it’s how we are solving the massive inefficiencies in material procurement for the contractors and  homeowners,” said Satya Vyas, Founder of HomeRun. 

The platform currently has two live dark stores in Bengaluru, with three more coming up in the next two months. 

Krishnan Neelakantan, Partner at Ankur Capital, said, “ProjectHero’s entry into quick commerce via HomeRun, addresses a critical gap in the construction market – a sector where delays can have significant cost implications. Satya and his team are leveraging their extensive domain experience and strong insights around buyer behaviour in the segment and have seen strong initial traction at HomeRun.”

HomeRun is capitalising on the surging demand for instant deliveries in India. With the market poised to reach $5.5 billion by 2025 and $1.45 trillion by 2032, HomeRun is well-positioned to revolutionise Bengaluru’s construction industry. By offering efficient, no-minimum-order rapid deliveries, HomeRun is setting a new standard for convenience and speed.

Corporate Comm India (CCI Newswire)