New Delhi, January 16, 2026 — HandyPanda, a construction-tech startup reimagining the consumer experience for building and renovation materials, has raised ₹2 crore 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 & CEO, Broadway) and several building materials family office heads.
The company said the funds will be used to build out core teams and strengthen systems across product, operations, and supply, as it scales to meet growing demand in India’s evolving home construction and renovation market.
Reimagining How India Buys Building Materials
Founded by IIT Delhi alumni — Abhishek Rao, Shaurya Goel, and Shaurya Jindal — HandyPanda is on a mission to transform how consumers and contractors purchase construction and renovation materials.
The platform aims to address key challenges in the sector, including fragmented supply chains, lack of price transparency, delays, and product authenticity concerns — issues that have long plagued both individual homeowners and commercial builders.
“We see a massive opportunity to organize a traditionally fragmented industry by creating a transparent, reliable, and tech-driven ecosystem for construction materials,” said Abhishek Rao, Co-founder of HandyPanda. “With this funding, we’re focused on building a scalable platform and strengthening our logistics and operations backbone.”
Simplifying the Building Materials Supply Chain
HandyPanda’s digital marketplace aggregates and lists construction and renovation materials across key categories such as electricals, bathware & plumbing, hardware, and paints, with products sourced directly from manufacturers and authorized dealers.
This approach not only helps ensure product authenticity but also enables transparent pricing and timely deliveries, solving long-standing inefficiencies in India’s construction materials value chain.
The company officially launched operations in September 2025 and is already nearing ₹1 crore in Annual Recurring Revenue (ARR), measured on a Gross Merchandise Value (GMV) basis — a strong signal of early market traction.
A Market at an Inflection Point
India’s home renovation and construction market is currently undergoing a major transformation. Increasing urbanization, rising disposable incomes, and a growing appetite for quality home improvement products are driving a new wave of demand.
HandyPanda’s founders believe that the market is at an inflection point, where consumer expectations are shifting toward convenience, reliability, and accountability — trends that digital-first platforms are well-positioned to capitalize on.
“The building materials industry is moving towards formalization, and HandyPanda is leading this change by bridging the gap between manufacturers and end consumers through technology,” added Shaurya Jindal, Co-founder at HandyPanda.
Backed by AJVC: Investing in Founders Shaping India’s Future
The funding round was led by AJVC, a SEBI-registered pre-seed venture capital fund known for backing early-stage founders building high-impact businesses in consumer, fintech, manufacturing, and enterprise tech segments.
AJVC’s growing portfolio includes Multibagg AI, Nuyug, Mithila Foods, Jaagruk Bharat, TruFides AI, Chop Finance, Gaadi Mech, and Iztri.
“HandyPanda is solving a large and complex problem in a space that’s ripe for digital disruption,” said Anirudh Jain, Managing Partner at AJVC. “We believe the team’s strong technical foundation and market understanding position them well to build a category-defining company in the construction-tech ecosystem.”
Building a Scalable, Transparent Construction-Tech Ecosystem
With its fresh funding, HandyPanda plans to:
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Strengthen its core technology and supply systems to ensure faster fulfillment,
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Expand its on-ground team to enhance operational efficiency,
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Deepen supplier relationships to bring more product categories online, and
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Improve the overall customer experience through a tech-enabled order management system.
By organizing the supply chain and improving transparency, HandyPanda aims to become India’s most trusted digital platform for sourcing building materials, catering to both retail and institutional buyers.
About HandyPanda
HandyPanda is a Bengaluru-based construction-tech startup that simplifies the procurement of building and renovation materials through a digital-first platform. Founded in 2025 by Abhishek Rao, Shaurya Goel, and Shaurya Jindal, the company provides an integrated buying experience across electricals, bathware, plumbing, hardware, and paints, sourced from verified manufacturers and dealers.
The startup’s vision is to organize India’s fragmented construction supply chain through technology, transparency, and trust — enabling faster project completion and higher customer satisfaction.
For more information, visit www.handypanda.in.
Key Highlights
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Funding Raised: ₹2 crore (Pre-seed round)
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Lead Investor: AJVC
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Other Investors: Sankalp Kathuria (Co-founder & CEO, Broadway) and building materials family offices
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Founded: 2025
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Founders: Abhishek Rao, Shaurya Goel, and Shaurya Jindal
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Headquarters: Bengaluru
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Focus: Digital marketplace for building and renovation materials
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ARR: Nearing ₹1 crore (GMV-based)
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Use of Funds: Hiring, operations scaling, and tech infrastructure
Ankitt Yadu is the Editor at Entrepreneur News Network and TVW News India, where he leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.