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 $3.37B 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 36th amongst 714 active competitors, of which 186 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Crisp, which secured $26M in Dec, 2025.

Who are the top competitors of Manthan?

Manthan's top competitors include Trax, Pattern Com and RetailNext. Among them, Crisp secured the most recent funding round in December, 2025.

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

36^th among 714 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

770 as on Feb 28, 2025

Similar Companies

RetailNext & 1082 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	Documents
M-aura Wellness Limited Liability Partne 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)	369 (As on Mar 01, 2026)
Manthan Systems Inc CIN: 26-3297705 , United States, Active	Jun 16, 2016	-	14 (As on Dec 31, 2013)	-

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	4387797	Series D	7081422	1055571	3618881	7911482
Jul 06, 2016	9568358	Venture Debt	3004624	5621714	8394905	Innoven Capital
Feb 04, 2015	1569128	Series D	9108651	2056709	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 6m

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, Pattern Com and RetailNext. 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 & 32 others	79/100
2nd	Pattern Com 2009, London (United Kingdom), Public	Provider of ecommerce services including marketplace growth, fulfillment, and software	$277M	KSV Global, Ainge Advisory & 10 others	73/100
3rd	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	68/100
4th	Peak 2014, Manchester (United Kingdom), Acquired	Provider of decision intelligence software for retail businesses	$209M	MMC Ventures, Praetura Ventures & 87 others	68/100
5th	Crisp 2016, New York City (United States), Series B	Platform offering business analytics software for CPG retailers and suppliers	$160M	FirstMark, 3L Capital & 29 others	66/100
6th	Graas 2022, Singapore (Singapore), Series A	AI-based analytics solutions for e-commerce businesses	$49M	Integra Partners, Yuj & 6 others	64/100
7th	SPINS 1995, Chicago (United States), Series B	Provider of retail consumer analytics services	-	General Atlantic, Stripes & 3 others	62/100
8th	Brand24 2010, Daytona Beach (United States), Acquired	AI based social media monitoring tool for businesses	$485K	Unfold.vc, Venture & 3 others	62/100
9th	Veesion 2018, Paris (France), Series B	Provider of AI-based video analytics solution for video surveillance	$53.8M	Aglae Ventures, Verve Ventures & 11 others	61/100
10th	Triple Whale 2021, Columbus (United States), Series B	Provider of data solutions for e-commerce businesses	$52.7M	NFX, Elephant Venture Capital & 1 others	61/100
36th	Manthan 2004, Bengaluru (India), Series D	Platform offering AI-powered prescriptive analytics applications for customer-facing businesses	$170M	Western Alliance Bank, Dell & 106 others	51/100

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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.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	5.24%	154Cr	54642	82259	42082	65056
Atul Jalan	31983	18063	83200	97969	38276	95471
Fund	89.68%	2,640Cr	7890215	1427154	2306369	5805445
Avataar Ventures	9405129	4619299	5288186	2341922	7690896	1805548
Eight Roads Ventures	71862	42069	61328	85954	68135	74974
Centerview Capital	3173	5049	9618	8769	3921	3077
Temasek	0	0	0	0	0	0
Innoven Capital	0	0	0	0	0	0
Enterprise	2.84%	83.7Cr	16	31	94	76
Angel	0.50%	17.2Cr	0	0	0	0
ESOP Pool	1.62%	47.6Cr	6	8	3	3
Total	99.88%	2,940Cr	5121366	1821401	6600884	2381834