Construction-tech startup HandyPanda has raised Rs 2 crore (around USD 0.24 million) in a pre-seed funding round led by early-stage venture capital firm AJVC. The round also saw participation from angel investors, including Sankalp Kathuria, co-founder and CEO of Broadway, along with family offices linked to the building materials sector.
The startup plans to use the capital to expand its teams and strengthen internal systems across product development, operations, and supply functions.
HandyPanda is working to improve how consumers source construction and renovation materials. The company addresses common industry issues such as delays caused by fragmented supply chains, limited price transparency, and concerns around product authenticity.
Founded by IIT Delhi alumni Abhishek Rao, Shaurya Goel, and Shaurya Jindal, HandyPanda operates at the intersection of construction and consumer technology. The founders believe India’s home construction and renovation market is undergoing a shift, supported by changing buyer expectations and a more organised supplier ecosystem.
According to its website, HandyPanda offers a range of construction and renovation materials across categories such as electricals, bathware and plumbing, hardware, and paints. Products are sourced directly from manufacturers or authorised dealers.
The startup began operations in September 2025. It is currently close to achieving Rs 1 crore in annual recurring revenue, measured on a gross merchandise value (GMV) basis.
AJVC, which led the round, is a SEBI-registered pre-seed venture capital fund. The firm invests in early-stage startups across consumer, fintech, enterprise, and manufacturing-led sectors. Its portfolio includes companies such as Multibagg AI, Nuyug, Mithila Foods, Jaagruk Bharat, TruFides AI, Chop Finance, Gaadi Mech, and Iztri.
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