When was Manthan founded?

Manthan was founded in 2004 and raised its 1st funding round 2 years after it was founded.

Where is Manthan located?

Manthan is headquartered in Bengaluru, India. It is registered at NO.40/4,FIRST FLOOR,LAVELLE ROAD, BANGALORE., BANGALORE., Karnataka, India, 560001.

Who is the current CEO of Manthan?

Atul Jalan of Manthan. They are also angel investors in 2 startups.

Which legal entities is Manthan associated with?

Manthan is associated with ALGONOMY SOFTWARE PRIVATE LIMITED and 2 others.

How many employees does Manthan have?

As of Feb 28, 2025, the latest employee count at Manthan is 770.

Is Manthan a funded company?

Manthan is a funded company, having raised a total of $170M across 10 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 21, 2006.

How much is Manthan worth?

The latest valuation of Manthan is $***** as of Mar 01, 2021. This marks a decline of 61% from its peak valuation of $1B in Jun, 2008. This marks a decline of 61% from its peak valuation of $1B in Jun, 2008.

When was the latest funding round of Manthan?

Manthan's latest funding was a $***** Series D round on Mar 01, 2021, with participation from 90 investors. Its primary sector is Business Intelligence. Globally, the Business Intelligence sector has seen $11.7B in funding in 2026 to date.

What is the annual revenue of Manthan?

Annual revenue of Manthan is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Manthan rank among its competitors?

Manthan ranks 33rd amongst 698 active competitors, of which 145 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Graas, which secured $17M in Aug, 2026.

Who are the top competitors of Manthan?

Manthan's top competitors include Trax, Profitero and Hypersonix. Among them, Graas secured the most recent funding round in August, 2026.

Manthan - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Platform offering AI-powered prescriptive analytics applications for customer-facing businesses. The company designs applications integrating decision sciences, advanced mathematics, and artificial intelligence. It offers algorithmic customer experience, merchandise analytics, and vendor link technology. The company provides solutions for fashion, apparel, food, grocery, restaurant, and convenience stores.

Website: manthan.com
Social
Email ID: *****@manthan.com
Phone Number: +91 **********
Registered Address: NO.40/4,FIRST FLOOR,LAVELLE ROAD, BANGALORE., BANGALORE., Karnataka, India, 560001

Key Metrics

Founded Year

2004

Location

Bengaluru, India

Stage

Series D

Total Funding

$170M in 10 rounds

Latest Funding Round

Series D, Mar 01, 2021, $*****

Post Money Valuation

$***** as on Mar 01, 2021

Investors

Norwest & 107 more

Ranked

33^rd among 698 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

770 as on Feb 28, 2025

Similar Companies

Profitero & 806 more

View Manthan's full profile

Manthan is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Manthan Systems Inc CIN: 26-3297705 , United States, Active	Jun 16, 2016	-	14 (As on Dec 31, 2013)	-
M-AURA WELLNESS LIMITED LIABILITY PARTNERSHIP CIN: AAK-8420 , India, Active	Oct 12, 2017	0 - ₹10 Cr (As on Mar 31, 2024)	385 (As on Feb 28, 2025)
ALGONOMY SOFTWARE PRIVATE LIMITED CIN: U72300KA2003PTC033038 , India, Active	Dec 17, 2003	₹100 - ₹500 Cr (As on Mar 31, 2025)	363 (As on May 31, 2026)

Manthan has raised a total funding of $170M over 10 rounds. Its first funding round was on Apr 21, 2006. Its latest funding round was a Series D round on Mar 01, 2021 for $*****. 90 investors participated in its latest round. Manthan has 29 institutional investors and 79 angel investors.

Here is the list of recent funding rounds of Manthan:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 01, 2021	3654817	Series D	7513307	9991393	1453699	6136836
Jul 06, 2016	8908056	Venture Debt	6811267	4063603	7478236	Innoven Capital
Feb 04, 2015	1569649	Series D	3276027	3343052	Temasek	IDG Ventures & 1 more

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View details of Manthan's funding rounds and investors

The founders of Manthan is Atul Jalan.

Here are the details of Manthan's key team members:

Atul Jalan: Former Founder & CEO of Manthan and founder of 1 other company. They are also an angel investor in 2 startups and serve on the boards of 2 companies.
Contact Info: 1 phone number

Manthan's Board of Directors

Manthan's board has 1 active member. Atul Jalan is part of team.

Here is the list of Manthan's board of directors:

Name	Type	Representing	Status	Duration
Atul Jalan	Team	-	Current	22y 10m

View details of Manthan's Founder profiles and Board Members

Manthan's employee count trend

Manthan has 770 employees as of Feb 25. Here is Manthan's employee count trend over the years:

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Top competitors of Manthan include Trax, Profitero and Hypersonix. Here is the list of Top 10 competitors of Manthan, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Trax 2010, Singapore (Singapore), Series E	Cloud-based data analytics solutions for retail shelf management	$1.03B	Hopu Investments, SoftBank Vision Fund & 34 others	75/100
2nd	Profitero 2009, Dun Laoghaire (Ireland), Acquired	Platform offering E- Commerce analytics solutions	$28.2M	Scaleworks, Seedcamp & 10 others	69/100
3rd	Hypersonix 2018, San Francisco (United States), Series B	Provider AI-powered analytics platform for consumer commerce	$50M	B Capital, Intel Capital & 8 others	66/100
4th	Graas 2022, Singapore (Singapore), Series B	AI-based analytics solutions for e-commerce businesses	$66M	Yuj, Integra Partners & 9 others	66/100
5th	RetailNext 2007, San Jose (United States), Series E	Provider of traffic analytics, video security, and occupancy management solutions	$232M	Activant Capital, August Capital & 17 others	65/100
6th	Chord 2019, New York City (United States), Series A	Provider of a unified data platform and AI copilot for commerce	$45.5M	Equal Ventures, M13 Company & 23 others	65/100
7th	SPINS 1995, Chicago (United States), Series B	Provider of retail consumer analytics services	-	General Atlantic, Warburg Pincus & 3 others	64/100
8th	Veesion 2018, Paris (France), Series B	Provider of AI-based video analytics solution for video surveillance	$53.8M	Verve Ventures, Aglae Ventures & 12 others	63/100
9th	Bedrock Analytics 2013, San Francisco (United States), Series A	Provider of a data analytics and AI platform for CPGs	$12.2M	Cervin, Illuminate Ventures & 1 others	63/100
10th	Crisp 2016, New York City (United States), Series B	Platform offering business analytics software for CPG retailers and suppliers	$160M	FirstMark, 3L Capital & 30 others	62/100
33rd	Manthan 2004, Bengaluru (India), Series D	Platform offering AI-powered prescriptive analytics applications for customer-facing businesses	$170M	Dell, Centerview Capital & 106 others	51/100

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ALGONOMY SOFTWARE PRIVATE LIMITED, the legal entity associated with Manthan, generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of ALGONOMY SOFTWARE PRIVATE LIMITED has a compounded annual growth rate (CAGR) of -10% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	3982	8676	7301	6146	4565
Total Sales	4518	7471	7541	2612	1349
Total Expenses	5399	6952	6686	8685	7645
Operating Expenses	8157	8937	1886	7527	5204
Employee Expenses	4200	5424	5156	2022	1621
Marketing Expenses	9593	5837	3034	6885	1424
Operating Income (EBIT)	1940	7309	3640	6160	3124
Interest Expenses	7772	9544	5854	6979	5980
Expenses from other activities	1171	3560	6563	1752	2197
Information Technology Expenses	7352	7218	2416	4370	2481
EBITDA	9230	6925	6281	9609	3886
Taxes	5076	7694	1006	2391	2202
Net Profit	3344	5622	6965	8125	1354
Balance Sheet
Assets	2951	5129	3676	7341	5274
Cash Equivalent	4511	2178	5782	3596	8577
Accounts Receivables	5039	5672	3289	6813	4651
Inventory	6494	2836	3160	5590	9571
Liabilities	8090	5187	3266	1061	1141
Total Debt	8292	3238	8931	3375	6880
Accounts Payable	4160	8275	4208	5694	1888
Equities	7917	8712	7991	9710	3534
Cashflow Statement
Cash from Operating activities	5031	8968	9625	4833	5781
Cash from Investing activities	8695	8128	3884	8107	2010
Net cash from Financing activities	6767	4868	6393	8774	9026

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 5.24%, Funds (largest shareholder) own 89.68%, Enterprises own 2.84% and Angels own 0.50%. The net worth of Manthan's founders is INR 154Cr as of Mar 01, 2021. The cap table displayed below is for ALGONOMY SOFTWARE PRIVATE LIMITED which is the legal entity associated with Manthan.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	5.24%	154Cr	49623	73895	81166	60751
Atul Jalan	95730	15476	32890	99187	16033	38968
Fund	89.68%	2,640Cr	8813306	7529573	4208275	3430700
Avataar Ventures	6213391	4043628	3070206	1167576	1121368	9268520
Eight Roads Ventures	85594	96763	98214	39608	36106	30316
Centerview Capital	9375	2835	1227	2421	9344	4156
Temasek	0	0	0	0	0	0
Innoven Capital	0	0	0	0	0	0
Enterprise	2.84%	83.7Cr	63	96	19	26
Angel	0.50%	17.2Cr	0	0	0	0
ESOP Pool	1.62%	47.6Cr	3	6	7	8
Total	99.88%	2,940Cr	7478654	5221233	4537489	2327174