HandyPanda Raises ₹2 Crore in Pre-Seed Funding to Transform Construction Materials Delivery

We're excited to announce that HandyPanda has raised ₹2 crore in a pre-seed funding round led by AJVC, a SEBI-registered early-stage venture capital firm. The round also saw participation from angel investors including Sankalp Kathuria (Co-founder & CEO of Broadway) and heads of building materials family offices. Founded by IIT Delhi alumni Abhishek Rao, Shaurya Goel, and Shaurya Jindal, this funding marks a major milestone in our mission to transform how India buys construction materials.

India's construction materials supply chain is fragmented, opaque, and slow. Homeowners and contractors face unreliable suppliers, inconsistent pricing, quality concerns, and delivery delays that cascade into project overruns. As the founders put it — a six-month renovation project quietly becomes a nine-month one, affecting both finances and timelines. HandyPanda was built to fix this by bringing transparency, speed, and product authenticity to construction material procurement.

HandyPanda operates a curated catalogue of construction and renovation materials — electricals, bathware, plumbing, hardware, paints, cement, plywood, and adhesives — sourced directly from manufacturers and authorised dealers. Operating from Gurgaon with a semi-quick-commerce model, most orders are fulfilled within 60 minutes. The platform eliminates middleman markups, ensures product genuineness, and provides pricing transparency that the traditional hardware market lacks.

Launched in September 2025, HandyPanda has grown rapidly and is approaching ₹1 crore ARR measured on a GMV basis. The startup serves homeowners, contractors, and builders across all of Gurgaon with plans to expand to the wider Delhi NCR region.

The capital will be deployed to expand the team and strengthen systems across product, operations, and supply chain. The goal is to build a more reliable and transparent platform for consumers buying construction and renovation materials — making the experience as seamless as ordering anything else online.

The funding round was covered by several leading publications including Economic Times B2B, Entrackr, Indian Startup Times, and SiliconIndia.

For a deeper look at the founding story, challenges, and vision, read the in-depth interview with co-founder Abhishek Rao on Indian Startup Times — covering everything from supply chain expertise to expansion plans and the team's AI-first approach to building the platform.