Mannjal
Overview
Mannjal Services is a fintech company specializing in digital lending solutions and financial technology infrastructure. Founded in 2023, Mannjal operates out of Bengaluru, India, and was established by Prashant Adurty, Aman Bhargava, and Harshit Lingamneni. The company's aim is to facilitate widespread access to credit through advanced lending platforms. Mannjal has successfully raised ₹17.5 crore ($2.1 million) in a seed funding round as of 2025, with key investments coming from Arali Ventures and B Capital.
Recent Developments
- December 2025: Mannjal announced that it had raised ₹17.5 crore in a seed funding round led by Arali Ventures and B Capital, with additional participation from Sparrow Capital and Gemba Capital. The funds are intended to expand Mannjal’s network of lenders and enhance product development. The company aims to support the distribution of impact-linked credit products across financial institutions and has recently facilitated Rs 1,000 crore in productive credit disbursement.
- June 2024: The company reported raising a total of Rs 17.5 crore in its seed round, aimed at enhancing its tech infrastructure to support credit distribution more efficiently across Bharat, which encompasses a broad spectrum of borrowers including MSMEs and individuals looking for unsecured business loans and affordable housing finance.
- May 2023: Mannjal was established with a vision to bridge the gap in India's credit ecosystem by providing a platform that allows effective collaboration between lenders and borrowers. It emphasizes enabling co-lending partnerships and deploying a full-stack lending platform.
- March 2023: Mannjal Technologies Private Limited was incorporated, officially marking the company's entry into the fintech space in India.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Bengaluru, India |
| Founders | Prashant Adurty, Aman Bhargava, Harshit Lingamneni |
| Revenue | ₹99.7 lakh (as of March 2024) |
| Profits | Not disclosed |
| Key Investors | Arali Ventures, B Capital, Sparrow Capital, Gemba Capital |
| Industry | Financial Services |
| Number of Employees | 20 |
Early History
Mannjal emerged in 2023 after its founders recognized a vital need for an efficient credit infrastructure within India's burgeoning financial services sector. Prashant Adurty, with a background in fintech, along with co-founders Aman Bhargava and Harshit Lingamneni, aimed to establish a unified lending platform that could streamline credit facilitation through co-lending partnerships and direct assignment structures. Their first major breakthrough came with significant seed funding, allowing the founders to set up headquarters in Bengaluru, a city known for its vibrant technology ecosystem.
Company Profile and Achievements
Mannjal operates as a full-stack lending platform that aids financial institutions in deploying priority-sector and impact-linked credit products at scale. Some of its significant achievements include:
- Disbursing approximately Rs 1,000 crore in loans, including unsecured business loans and affordable housing finance over the last 18 months.
- Collaborating with over 75 lenders, significantly expanding its network since inception.
- Launching a product suite that incorporates AI-ready infrastructure to enhance credit decisioning and operational efficiency.
- Securing significant seed funding that supports its growth objectives, including a planned expansion to over 40 cities.
- Employing an advanced technology stack that provides customized workflow solutions for lending processes, thereby reducing turnaround times by 50-75% and improving sanction rates to 85-90%.
Current Operations and Market Position
Currently, Mannjal is focused on extending its reach within the financial services market through innovative lending solutions tailored for banks, NBFCs, and microfinance institutions. The company's platform supports co-lending, securitization, and business correspondent lending partnerships, aligning with key sectors such as MSMEs, agriculture, and education. Mannjal positions itself as a leader in fintech infrastructure, enabling efficient credit processing and decision-making through its AI-integrated solutions. The company is poised to transform access to credit for millions of underserved borrowers, solidifying its position in the competitive fintech landscape.
Conclusion
Mannjal's trajectory represents a significant advancement in India's fintech sector, providing critical lending solutions that align with economic inclusion goals. As it continues to develop its infrastructure and expand its reach, Mannjal holds the potential to reshape the credit landscape for millions of individuals and small businesses. With a strong foundation and strategic investor support, Mannjal is well-positioned to navigate future challenges and growth opportunities in a rapidly evolving market.