Construction-tech startup HandyPanda raises Rs 2 Cr led by AJVC

Construction-tech startup HandyPanda has raised Rs 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 building materials family office heads.

The proceeds from the round will be used to build teams and strengthen systems across product, operations and supply.

HandyPanda is focused on reimagining the consumer experience for building materials by addressing challenges such as delays caused by fragmented supply chains, limited price transparency and concerns around product authenticity.

Founded by three IIT Delhi batchmates Abhishek Rao, Shaurya Goel and Shaurya Jindal, the startup believes India’s home renovation and construction market is at an inflection point, driven by evolving consumer expectations and a rapidly organising supplier ecosystem. 

According to its website, HandyPanda lists construction and renovation materials across categories such as electricals, bathware & plumbing, hardware and paints with products sourced from manufacturers or authorised dealers.

HandyPanda launched operations in September 2025 and is close to achieving Rs 1 crore in annual recurring revenue (ARR), measured on a GMV basis.

AJVC is a SEBI-registered pre-seed venture capital fund and has backed multiple early-stage startups across consumer, fintech, enterprise and manufacturing-focused segments. Its portfolio includes companies such as Multibagg AI, Nuyug, Mithila Foods, Jaagruk Bharat, TruFides AI, Chop Finance, Gaadi Mech and Iztri.