Mannjal Raises INR 17.5 Crore Seed Funding
bolt Executive Summary
- Bengaluru-based Mannjal raised INR 17.5 crore in seed funding. The round was led by Arali Ventures and B Capital. The money will go toward product development and growing the lender network.
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Bengaluru-based Mannjal raised INR 17.5 crore in seed funding. The round was led by Arali Ventures and B Capital. The money will go toward product development and growing the lender network.
Funding details: INR 17.5 crore (Seed)
Full Story
Mannjal closed INR 17.5 crore in a seed round.
The deal was led by Arali Ventures and B Capital. Sparrow Capital and Gemba Capital also took part.
The cash will help push product work faster and add more lenders to the network.
Mannjal runs a full-stack lending platform. It gives financial institutions tools to offer priority-sector and impact-linked loans. The platform handles loan origination, field work, and decisions based on data.
The company is based in Bengaluru and started in 2023. Over the last 18 months, it has helped with around INR 1000 crore in disbursements through more than 75 lenders.
The news come from a report on Entrackr.
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