HandyPanda Secures Rs 2 Crore in Funding to Transform Construction Materials
HandyPanda, a construction-tech startup, has successfully raised Rs 2 crore in a pre-seed funding round, with early-stage venture capital firm AJVC leading the investment. This round also saw contributions from angel investors, including Sankalp Kathuria, the Co-Founder and CEO of Broadway, as well as heads of family offices dealing with building materials. The funds will be allocated to expanding teams and enhancing systems in product development, operations, and supply chain management.
Innovative Solutions for Common Construction Challenges
HandyPanda aims to revolutionise the consumer experience within the building materials sector by tackling prevalent issues such as delays from fragmented supply chains, a lack of price transparency, and questions regarding product authenticity. Founded by three IIT Delhi alumni—Abhishek Rao, Shaurya Goel, and Shaurya Jindal—the startup sees India’s home renovation and construction market at a pivotal juncture, influenced by changing consumer demands and a swiftly organising supplier ecosystem.
Product Offerings and Market Positioning
As described on its website, HandyPanda showcases a variety of construction and renovation materials that fall into several categories, including electricals, bathware, plumbing, hardware, and paints. These products are sourced either directly from manufacturers or through authorised dealers.
Operational Milestones and Future Prospects
Having commenced operations in September 2025, HandyPanda is nearing Rs 1 crore in annual recurring revenue (ARR), calculated based on gross merchandise value (GMV). AJVC, a SEBI-registered pre-seed venture capital fund, has previously supported several early-stage ventures across various sectors, including consumer goods, fintech, enterprise solutions, and manufacturing. Its diverse portfolio features companies such as Multibagg AI, Nuyug, Mithila Foods, Jaagruk Bharat, TruFides AI, Chop Finance, Gaadi Mech, and Iztri.