Mannjal Secures Rs 17.5 Crore to Scale Its Full-Stack Lending Platform
- Mannjal raises Rs 17.5 crore in seed round led by Arali Ventures and B Capital
- Funds will expand lender network and speed up product development
- Platform enables faster credit decisions and has supported Rs 1,000 crore in disbursements
Full-stack lending platform Mannjal has raised Rs 17.5 crore ($2.1 million) in a seed round led by Arali Ventures and B Capital, with additional participation from Sparrow Capital and Gemba Capital. The Bengaluru-based startup will use the new capital to expand its lender network and accelerate product innovation.
Founded in 2023 by Prashant Adurty, Aman Bhargava and Harshit Lingamneni, Mannjal offers a digital infrastructure that helps financial institutions distribute priority-sector and impact-linked credit at scale. Its platform supports field operations, loan origination and credit decisioning, allowing lenders to run both digital and physical data journeys.
The system enriches borrower profiles with external data sources, structures information for analysis and enables lenders to configure custom workflows across risk, operations and business teams. Mannjal claims that its clients have cut turnaround time by 50-75% and improved sanction ratios to 85-90%.
Also Read: Aakrit Vaish & Pratyush Choudhury Launch $75 Million AI Venture Fund
In the past 18 months, the platform has facilitated around Rs 1,000 crore in disbursements across unsecured business loans, loan-against-property products and affordable housing finance. Mannjal currently works with more than 75 lending institutions.
The company aims to strengthen the infrastructure supporting India’s credit ecosystem by offering scalable, tech-driven solutions that improve efficiency and expand access to finance.
