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

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