Construction-tech startup HandyPanda has raised ₹2 crore in a pre-seed funding round led by early-stage venture capital firm AJVC, with participation from angel investors including Sankalp Kathuria (Co-founder & CEO, Broadway) and heads of building materials family offices.
The Bengaluru-based startup will use the fresh capital to build teams and strengthen systems across product, operations, and supply, enabling it to scale efficiently.
Solving Key Inefficiencies in Construction Supply
HandyPanda aims to transform the consumer experience for building and renovation materials- a segment often plagued by fragmented supply chains, delayed deliveries, lack of price transparency, and concerns around product authenticity.
Founded by IIT Delhi batchmates Abhishek Rao, Shaurya Goel, and Shaurya Jindal, the startup believes India’s home renovation and construction market is undergoing a shift, with rising consumer expectations and a more organised supplier ecosystem.
According to its website, HandyPanda offers a curated catalogue of building materials across categories, including electricals, bathware & plumbing, hardware, and paints, sourced directly from manufacturers or authorised dealers.
Strong Early Traction
Launched in September 2025, HandyPanda is already nearing ₹1 crore in annual recurring revenue (ARR), measured on a GMV basis, signalling strong early demand for streamlined construction material procurement.
Investor Backing
Lead investor AJVC is a SEBI-registered pre-seed venture fund with a portfolio spanning consumer, fintech, enterprise, and manufacturing-led startups. Its existing investments include Multibagg AI, Nuyug, Mithila Foods, Jaagruk Bharat, TruFides AI, Chop Finance, Gaadi Mech, and Iztri.
By: Shivani Solanki
