Mannjal bags seed funding led by Arali Ventures, B Capital
03 Dec 2025, 03:28 PMThe funding round saw participation from Sparrow Capital and Gemba Capital.
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Mannjal, a full-stack unified lending platform, said it has raised Rs 17.5 crore in a seed funding round led by Arali Ventures and B Capital.
The funding round saw participation from Sparrow Capital and Gemba Capital, said Mannjal in a statement.
The fresh capital will be used to expand its lender network and improve its product.
Mannjal, which was founded by in 2023 by Prashant Adurty, Aman Bhargava and Harshit Lingamneni, helps lenders to originate, distribute, manage and finance impact linked, priority sector loans efficiently and at scale, it said. In the past 18 months, Mannjal’s platform has helped disburse close to Rs 1,000 crore in productive credit across products such as unsecured business loans, loan against property, and affordable housing finance, it added. This took the company’s network growth to more than 75 lenders.
"India’s impact-linked credit ecosystem is ready for a step change. Institutions want to serve millions of entrepreneurs, but the infrastructure to do it efficiently has been missing. We are solving that gap at Mannjal," said Adurty, CEO and co-founder, Mannjal.
"This investment strengthens our ability to build AI-ready, high-performance lending rails that will unlock access to credit for millions of borrowers across Bharat," added Adurty, who previously worked at HipBar (acquired by Cred) and Axio (acquired by Amazon).
Co-founder Bhargava, who is chief business officer at Mannjal, also previously worked at Axio; and Lingamneni, who is chief technology officer, worked at Smallcase and HipBar.
Sujata Krishnan, partner at Arali Ventures, noted that the need for reliable lending infrastructure has become increasingly important as financial institutions move towards unlocking the next 100 million priority sector and MSME borrowers.
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