India’s Construction Materials Market Remains Fragmented
India’s home renovation and construction market is large but operationally inefficient. Consumers continue to face delays, opaque pricing, and authenticity risks due to fragmented supplier networks and unorganised distribution. As the supplier ecosystem begins to formalise, construction-tech startups are stepping in to modernise procurement and improve the end-user experience.
Funding Snapshot and Early Traction
Delhi-based HandyPanda has raised ₹2 crore (around $240,000) in a pre-seed funding round led by AJVC, with participation from angel investors including Sankalp Kathuria and family offices linked to building materials businesses.
Launched in September 2025, HandyPanda is close to achieving ₹1 crore in annual recurring revenue, measured on a GMV basis.
What HandyPanda Is Building
Founded by IIT Delhi batchmates Abhishek Rao, Shaurya Goel, and Shaurya Jindal, HandyPanda is reimagining how consumers discover and purchase construction and renovation materials. The platform aggregates categories such as electricals, bathware and plumbing, hardware, and paints, sourcing products directly from manufacturers and authorised dealers to improve reliability and pricing transparency.
Why This Funding Matters
The fresh capital will be used to build teams and strengthen systems across product, operations, and supply. HandyPanda’s early progress reflects rising investor interest in construction-tech platforms that address last-mile inefficiencies rather than pure marketplace scale. For Indian founders, this round underscores how focused execution and supply-side discipline can unlock value in traditionally unorganised, high-ticket categories.
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