Mannjal, a Bengaluru-based full-stack lending platform, has raised ₹17.5 crore ($2.1 million) in a seed funding round led by Arali Ventures and B Capital, with participation from Sparrow Capital and Gemba Capital.
The funds raised will be used to expand its lender network and accelerate product development.
Founded in 2023 by Prashant Adurty, Aman Bhargava, and Harshit Lingamneni, Mannjal provides a platform that helps financial institutions distribute priority-sector and impact-linked credit products at scale.
The startup offers infrastructure for field operations, loan origination, and credit decision-making. Its platform allows lenders to manage both digital and physical data journeys, enrich borrower profiles using external information, and structure data for analysis and decision support.
Mannjal enables institutions to configure workflows for teams across risk, operations, and business functions. The company says lenders using its platform have reduced turnaround times by 50 to 75% and increased sanction ratios to 85 to 90%.
Over the past 18 months, Mannjal claims to have supported disbursements of around ₹1,000 crore across unsecured business loans, loan against property, and affordable housing finance, working with more than 75 lenders.
Prashant Adurty, co-founder and CEO, Mannjal, said, “India’s impact-linked credit ecosystem is ready for a step change. Institutions want to serve millions of entrepreneurs, but the infrastructure to do so efficiently has been missing. This investment strengthens our ability to build AI-ready, high-performance lending rails that will unlock access to credit for millions across Bharat.”
