Full-stack lending platform Mannjal has secured ₹17.5 crore ($2.1 million) in a seed round led by Arali Ventures and B Capital, with participation from Sparrow Capital and Gemba Capital. The funds will be used to expand its lender network and accelerate product development as the company scales across India’s priority-sector lending ecosystem.
Transforming Credit Distribution for Financial Institutions
Founded in 2023 by Prashant Adurty, Aman Bhargava, and Harshit Lingamneni, Mannjal provides an integrated platform that enables financial institutions to distribute priority-sector and impact-linked credit efficiently and at scale. The startup supports the entire lending lifecycle—from field operations and origination to credit decisioning and data structuring.
Mannjal’s infrastructure allows lenders to run both digital and physical data journeys, enrich borrower profiles through external data sources, and build structured data pipelines for analysis. Institutions can also design custom workflows across risk, operations, and business teams to streamline their internal processes.
Delivering Faster Decisions and Higher Sanction Ratios
According to the company, lenders using Mannjal have reported 50–75% reduction in turnaround times, while improving sanction ratios to 85–90%, demonstrating the platform’s impact on operational efficiency and credit delivery.
Over the past 18 months, Mannjal’s platform has enabled ₹1,000 crore in disbursements across products such as unsecured business loans, loan against property, and affordable housing finance. The company now works with more than 75 lenders, highlighting strong adoption within NBFCs and financial institutions.
Final Take
As the push for priority-sector lending and impact-driven credit grows, Mannjal is positioning itself as the digital backbone for lenders seeking faster decisions, better risk visibility, and scalable distribution.
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