Funding · Commerce & Consumer Brands

HandyPanda raises Rs 2 crore pre-seed from AJVC

By Startup Enthusiast · 14 January 2026

What they do

HandyPanda sells construction and renovation materials directly to customers

The company raised Rs 2 crore led by AJVC to expand teams and supply chain

It launched in September 2025 and is nearing Rs 1 crore annual revenue

HandyPanda has raised Rs 2 crore in a pre-seed round of funding.
The investment was led by AJVC, which is a SEBI-registered pre-seed venture fund.
Participants included Sankalp Kathuria and heads of building materials family offices.
The startup plans to use the funds to expand its team and strengthen operations.
It aims to improve product quality, operational efficiency, and supply chain systems.
The company launched its platform in September 2025 in India.
It is currently nearing Rs 1 crore in annual recurring revenue on a GMV basis.
The team size has grown by 60% in the last 90 days to about 8 employees.

The construction material sector is highly fragmented with inefficient supply chains.
Direct sourcing helps ensure pricing clarity and authentic products for buyers.
Faster delivery and transparency address common pain points in this market.

HandyPanda operates an ecommerce platform for construction and renovation materials.
It sources products directly from manufacturers and authorized dealers.
Key categories include electricals, bathware, plumbing, hardware, and paints.
The model focuses on transparency and pricing clarity for customers.
It promises faster delivery compared to traditional fragmented supply chains.
The platform ensures authenticity of products through direct dealer relationships.
Efficiency gains are achieved by removing middlemen from the supply chain.
The company targets customers needing reliable construction supplies quickly.
Revenue is measured via Gross Merchandise Value (GMV) metrics.

Product: Online marketplace offering building and renovation materials across electricals, bathware, plumbing, hardware, and paints.
Customers: Homeowners, contractors, and builders undertaking construction and renovation projects.
How it makes money: Generates revenue through sales margin on construction and home renovation products supplied via its platform.
What sets it apart: Eliminates supply chain delays and product authenticity concerns through direct supplier integrations and upfront price transparency.