Lending platform Mannjal raises Rs 17.5 Cr led by Arali Ventures

Full-stack lending platform Mannjal has raised Rs 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 proceeds will be used to expand its lender network and accelerate product development.

Founded in 2023 by Prashant Adurty, Aman Bhargava, and Harshit Lingamneni in Bengaluru, Mannjal operates a full-stack lending platform that helps financial institutions distribute priority-sector and impact-linked credit products at scale. 

The startup provides infrastructure…