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Lending platform Mannjal raises Rs 17.5 Cr led by Arali Ventures

EntrackrEntrackr · 2m ago
Lending platform Mannjal raises Rs 17.5 Cr led by Arali Ventures
Medial

Snippets 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 that supports field operations, origination, and credit decisioning. It enables lenders to run digital and physical data journeys, enrich borrower profiles with external information sources, and structure data for analysis and decision support. Institutions can configure custom workflows for teams across risk, operations, and business functions. According to the company, lenders using Mannjal have reduced turnaround times by 50–75% and improved sanction ratios to 85–90%. Over the last 18 months, Mannjal’s platform claims to have enabled disbursements of about Rs 1,000 crore across unsecured business loans, loan against property, and affordable housing finance. The company now works with more than 75 lenders.

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Quicklend raises Rs 6.75 Cr in pre-seed round

EntrackrEntrackr · 1y ago
Quicklend raises Rs 6.75 Cr in pre-seed round
Medial

Quicklend, a secured lending platform, has raised Rs 6.75 crore (around $774K) in its pre-seed round led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, and a group of strategic angel investors. The proceeds will be used to scale its operations, enhance its technological capabilities, and introduce innovative features that redefine the lending experience. The company is set to allocate significant resources towards research and development. Founded by Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, Quicklend offers fast, transparent, and easy lending solutions for borrowers while equipping lenders with advanced portfolio management tools. The Bengaluru-based startup also launched its Loan Against Mutual Funds (LAMF) product in collaboration with Bajaj and a consortium of prominent NBFCs. LAMF is a loan that enables borrowing by pledging Mutual Fund units as collateral. Similar to other asset-backed loans, it offers financial flexibility with the added advantage of a fully digital process.

Finsall raises Rs 15 Cr led by Unicorn India Ventures and Seafund

EntrackrEntrackr · 1y ago
Finsall raises Rs 15 Cr led by Unicorn India Ventures and Seafund
Medial

Insurance-first BNPL startup Finsall has raised Rs 15 crore ($1.8 million) in a bridge round led by Unicorn India Ventures and Seafund with additional involvement from other institutional investors. In January 2022, Unicorn India Ventures and Seafund had led Rs 12 crore ($1.45 million) pre Series A round in Finsall. The proceeds will be used for setting up an NBFC to scale lending operations and deliver more value to its customers in insurance premium financing, the company said in a press release. Finsall has launched credit as a service (CaaS) platform, which is a plug and play model designed to help its customers benefit by simply choosing the insurance products they need to offer credit for without the complexity of building separate credit or lending software systems. Finsall claims to have seen a 9X revenue growth over the last two years. The firm is serving customers across 8,000 locations in India and has seen major growth in the non-life insurance segments. In FY24, Finsall grew at an average M-O-M growth rate of 18% in insurance premiums. As per the company, it is on track to achieve a 4X increase in revenue for the fiscal year 2025.

Wishlink raises $17.5 Mn in Series B round led by Vertex Ventures

EntrackrEntrackr · 1d ago
Wishlink raises $17.5 Mn in Series B round led by Vertex Ventures
Medial

Wishlink raises $17.5 Mn in Series B round led by Vertex Ventures Creator-focused commerce startup Wishlink has raised $17.5 million in a Series B funding round led by Vertex Ventures Southeast Asia & India. Existing investors Fundamentum and Elevation Capital also participated in the round. The new round comes after a gap of two years. In February 2024, Wishlink had raised a $7 million round from The Fundamentum Partnership Fund and Elevation Capital. It also closed its seed round of $3 million in October 2022. The fresh proceeds will be used to expand its creator and brand partnerships and strengthen its technology stack across consumers, creators and brands. Founded in 2022 by Shaurya Gupta, Divyansh Ameta and Chandan Yadav, Wishlink operates a creator commerce platform that enables product discovery through influencers. The platform helps creators monetise content while allowing brands to drive sales and customer acquisition. Wishlink currently works with over 40,000 monthly active creators who generate more than 300,000 pieces of content every month. The platform facilitates over 6 million orders and drives more than Rs 350 crore in monthly sales for partner brands and e-commerce platforms. It uses data-driven tools to help brands track performance across the funnel while improving shopping experiences for consumers. It also enables creators to earn commissions through product-linked content. According to its annual financial statement, Wishlink saw its revenue from operations surge 356% YoY to Rs 53.80 crore in FY25 from Rs 11.79 crore in FY24, while losses remained nearly flat at Rs 18.79 crore, compared to Rs 18.22 crore a year earlier.

Lending infra startup Roopya raises seed round led by IPV

EntrackrEntrackr · 4d ago
Lending infra startup Roopya raises seed round led by IPV
Medial

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Metis raises Rs 1.3 Cr led by Inflection Point Ventures

EntrackrEntrackr · 1y ago
Metis raises Rs 1.3 Cr led by Inflection Point Ventures
Medial

Metis Intellisystems, an artificial intelligence and machine learning platform for BFSI, has raised 1.3 crore in a round led by Inflection Point Ventures. The funds will be used to build pioneering solutions, optimize strategic use cases, and explore local and global outreach avenues., Metis said in a press release. Metis uses Artificial Intelligence and Machine Learning to create solutions by capitalising on, triangulating, and collating Multiple sources of information. As per the company, it creates a comprehensive and unified understanding of the customer, enhancing the precision and effectiveness of financial technology solutions. The company’s advanced decision-making platform QANAT accurately analyses bank statements and GST data. Within two months of Metis’ product launch, the company has secured partnerships with financial institutions, both domestic and international. The digital lending sector, in which Metis operates, is projected to grow significantly, from its current valuation of $270 billion to $1.3 trillion by 2030. So far, Inflection Point Ventures has invested over Rs 700 crore across more than 200 startups. In 2023, the angel investment platform announced 14 exits giving an initial rate of return (IRR) of 61% to its investors.

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