The Week that Was: Indian Startup News Overview (30th November- 06th December)


Funding News: Mannjal Secures Rs 17.5 Crore to Scale Its Full-Stack Lending Platform

Startup: Mannjal

Founders: Prashant Adurty, Aman Bhargava, and Harshit Lingamneni 

About us: Mannjal is a Bengaluru-based full-stack lending infrastructure platform that enables financial institutions to distribute priority-sector and impact-linked credit products at scale. The company offers modular workflow tools for field operations, loan origination and credit decisioning combining digital and physical data journeys, borrower-profile enrichment, and custom workflows around risk, operations and business teams. 

Founded Year: 2023

Office: Headquartered in Bengaluru, India; serving lenders across India. 

Sector: FinTech / Lending Infrastructure

Funding Round: Seed Round 

Investors: Led by Arali Ventures and B Capital, with participation from Sparrow Capital and Gemba Capital. 

Mannjal has secured Rs 17.5 crore ( US$2.1 million) in its seed funding round. The funds will be deployed to expand its lender network, accelerate product development, and enhance infrastructure capabilities to support faster and higher-volume credit delivery. 

Website: www.mannjal.com

Also Read: IIT Kanpur and SBI Foundation Initiate Program to Support 30 Social Impact Startups