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

EntrackrEntrackr · 2d ago
Construction-tech startup HandyPanda raises Rs 2 Cr led by AJVC
Medial

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 organizing 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 authorized 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.

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Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC

EntrackrEntrackr · 3m ago
Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC
Medial

Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. Jaagruk Bharat, a civic-tech startup dedicated to making government services, has raised Rs 1.5 crore in a pre-seed funding round led by AJVC, the early-stage venture capital firm founded by Aviral Bhatnagar. The proceeds will be used to strengthen product development, expand collaborations with state and central government bodies, and enhance accessibility features across multiple platforms. It will also focus on scaling its reach among marginalized communities and improving system interoperability to make access to benefits faster and more reliable. Founded by Akshit and Abhishek Goel, Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. The company’s platform enables users to discover, apply for, and track government schemes and welfare services seamlessly, ensuring transparency and accountability at every step. By combining automation, vernacular support, and accessible interface design, Jaagruk Bharat is building a citizen-first ecosystem that simplifies government interactions for individuals across different socio-economic and linguistic backgrounds.

Prop-tech startup WeHouse raises Rs 25 Cr from Anthill Ventures and others

EntrackrEntrackr · 4m ago
Prop-tech startup WeHouse raises Rs 25 Cr from Anthill Ventures and others
Medial

Snippets Prop-tech startup WeHouse raises Rs 25 Cr from Anthill Ventures and others The round saw participation from existing backers Anthill Ventures, Suresh Babu Daggubati, Gaurav Marya, Mohnish Yerra, among others. Gyan Vardhan 11 Sep 2025 Prop-tech startup WeHouse (formerly Hocomoco) has raised Rs 25 crore (around $2.8 million) in a Series A funding round, a mix of debt and equity. The round saw participation from existing backers Anthill Ventures, Suresh Babu Daggubati, Gaurav Marya, Mohnish Yerra, among others. The Hyderabad-based company had earlier raised $1.86 million from Anthill Ventures and other investors. The fresh capital will be used to expand operations to new cities, including Coimbatore, Ahmedabad, Jaipur, Surat, and Chandigarh, by the end of this year, WeHouse said in a press release. Founded in 2017 by Sripad Nandiraj and Rohan Vinayak Reddy, WeHouse is a prop-tech startup that provides tech-led solutions for home construction and reconstruction. It operates as an aggregator platform, bringing together all stakeholders in the construction process—architects, contractors, material suppliers, engineers, and skilled labour. Its services cover the entire construction journey, from approvals and design (architectural and structural) to project execution and interiors. The company also offers a tech-driven monitoring system that provides clients with real-time visibility into their projects. According to market research, India’s residential construction market is projected to reach $373 billion by 2030. At present, WeHouse operates in Chennai, Hyderabad, and Vijayawada. The company claims to have executed more than 400 projects, delivered 250, and currently has an order book worth Rs 150 crore. Its revenue model includes charging customers on a per sq. ft. basis (with commissions varying by city), selling materials to contractors, and providing on-demand interior design services. WeHouse competes with players such as Brick&Bolt, which is active in both residential and commercial construction across cities including Hyderabad and Chennai.

Car servicing startup GaadiMech raises pre-seed round led by AJVC

EntrackrEntrackr · 3m ago
Car servicing startup GaadiMech raises pre-seed round led by AJVC
Medial

Car servicing startup GaadiMech raises pre-seed round led by AJVC Car servicing platform GaadiMech.com has raised Rs 1.5 crore in a pre-seed funding round at a $2 million valuation led by AJVC. The funds will be used to expand beyond Jaipur, where it is already operational in Jodhpur and Udaipur, strengthen product and tracking capabilities, and standardize quality across service hubs, GaadiMech said in a press release. Co-founded in 2020 by Surakshit Soni and Sarvesh Kabra, GaadiMech aims to empower the automotive service industry. The company operates through an online platform and physical service centers, offering express car services, transparent pricing, and genuine parts to deliver a streamlined and reliable vehicle maintenance experience. “Car care should feel like a pit stop, not a full-day chore. With 90 minutes, live tracking, and 100% transparency, we’re rebuilding trust in an unorganized market,” said Surakshit Soni, Co-founder of GaadiMech. The company’s 90-minute Express Car Service combines parallel workflows, real-time tracking, and upfront pricing to create a pit-stop experience for car owners. It plans to scale across India with an asset-light service model. Lead investor AJVC recently announced the final close of its maiden fund, with commitments exceeding Rs 200 crore. Its recent investments include Nuyug, a jewellery brand focused on celebration wear, and Mithila Foods, an FMCG company developing Bihar-based food products.

Equity research startup Multibagg AI raises Rs 1.5 Cr in pre-seed round led by AJVC

EntrackrEntrackr · 8d ago
Equity research startup Multibagg AI raises Rs 1.5 Cr in pre-seed round led by AJVC
Medial

Equity research startup Multibagg AI has raised Rs 1.5 crore in a pre-seed funding round led by AJVC. Prior to this, the startup had raised Rs 65 lakh from friends and family, taking its total capital raised to Rs 2.15 crore. The fresh funds will be primarily used for team expansion and product development, as the company looks to strengthen its AI-driven research and analytics capabilities. Multibagg AI provides institutional-grade equity research and analytics to retail stock market investors in India through an AI-native platform. The startup aims to build a global financial technology company from India in the equity research segment, which it describes as a multi-billion-dollar market. According to the company, it recently crossed 10,000 users on its platform and achieved over Rs 10 lakh in annual recurring revenue (ARR). In a statement, the company’s founder and CEO, Aaditya Anand, said the platform is being built to address the gap between the growing number of retail investors and the limited availability of qualified research professionals. Multibagg AI went live with its beta around six months ago and said users have connected portfolios worth over Rs 5,000 crore and interacted extensively with its AI assistant for research-related queries. Over the past year, AJVC has backed several early-stage startups across sectors.

Iztri raises Rs 1.5 Cr in pre-seed round from AJVC

EntrackrEntrackr · 1m ago
Iztri raises Rs 1.5 Cr in pre-seed round from AJVC
Medial

Iztri, a Bengaluru-based clothing-care startup, has raised Rs 1.5 crore ($180K) in a pre-seed round from AJVC, led by Aviral Bhatnagar. The company plans to use the capital to expand its network across Bengaluru and strengthen its technology and supply chain systems. It will also be used to develop technology layers for workflow management, customer experience, and operational tracking as Iztri expands in the Bengaluru market. Co-founded by Rohit Ramesh and Ankit Choudhary, Iztri operates a structured, tech-enabled ironing and clothing-care service, targeting a category that remains largely informal despite high daily demand. The firm is building a hyperlocal network that standardises service quality, improves reliability for households, and brings predictable income and safer working environments for ironing professionals. Iztri’s platform focuses on predictable turnaround times, route optimisation, and demand consolidation, allowing workers to earn more and reduce idle time. It also builds out its processing hubs and strengthens workforce training as it scales.

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures

EntrackrEntrackr · 6m ago
Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures
Medial

Defence tech startup Armory Raises Rs 13 Cr led by GrowX Ventures Defence-tech startup Armory has raised Rs 13 crore (around $1.5 million) in a funding round led by GrowX Ventures, with participation from Industrial 47, Antler, AC Ventures, Dexter Ventures, and several angel investors. The proceeds will be used to boost R&D, expand manufacturing, and speed up deployment. Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-drone systems (C-UAS) capable of detecting, tracking, and neutralising rogue drones. Its flagship system, SURGE, has undergone field trials with multiple Indian Army units. The company’s technology is powered by Samaritan OS, an AI-led defence operating system offering real-time adaptability and continuous learning — features missing in traditional systems.

Drone tech startup Enercomp raises Rs 2 Cr in bridge round

EntrackrEntrackr · 6m ago
Drone tech startup Enercomp raises Rs 2 Cr in bridge round
Medial

Drone tech startup Enercomp raises Rs 2 Cr in bridge round Drone tech startup Enercomp Solutions has raised Rs 2 crore in a bridge round led by angel investors. The round was advised and facilitated by Bestvantage Investments, a boutique investment advisory firm that connects high-growth startups with strategic capital across India and the Middle East. The proceeds will be used to expand manufacturing, scale R&D for AI-powered drone software, and build delivery capacity for large-scale national deployments. Enercomp’s roadmap includes an Rs 8 crore strategic investment plan over the next year to strengthen its IP, product stack, and execution capabilities. Founded in Ahmedabad, Enercomp operates at the intersection of hardware, software, and services. Its integrated offerings span indigenous drone manufacturing, Drone-as-a-Service (DaaS), and a proprietary GIS analytics platform. The firm claims to have developed seven proprietary drone models, including VTOL, fixed-wing, and surveillance variants, which are actively deployed in commercial and government projects. With 70% of revenue driven by product sales, Enercomp counts Tata Projects, Reliance, Mahindra Susten, L&T, and several government agencies among its clients. Its software dashboard is used for real-time, mission-critical data analysis by enterprise and public sector clients. Enercomp claims that it grew from Rs 3.1 crore in FY23 to Rs 5.6 crore in FY24, maintaining profitability. As per the company, it has already logged Rs 4.2 crore in revenue in FY25, with an active order book of over Rs 9 crore. To date, the startup has raised Rs 6.9 crore across previous rounds and seen its valuation jump from Rs 12.5 crore to Rs 60 crore, with the founding team retaining over 80.5% equity, including a 4% ESOP pool.

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