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How Manthan CEO Atul Jalan grew Manthan to $150M revenue with a 300 person team in 2024.

Provider of SaaS-based business intelligence and analytics products designed to offer competitive advantages to flex analytical muscle. The company's SaaS-based business intelligence and analytics products help to track and analyze various facets in the retail business, enabling clients to handle vendor performance, product development, inventory management, promotions, rebates and customer insight.

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Manthan Revenue

In 2024, Manthan's revenue reached $150M. The company previously reported $28.8M in 2020. Since its launch in 2004, Manthan has shown consistent revenue growth.

Manthan Revenue GrowthReported revenue / ARR by year$0$40M$80M$120M$160M20042006200820102012201420162018202020222024$0$29M$150MSource: GetLatka.com
YearMilestone
2024Manthan Hit $150m revenue in June 2024
2020Manthan Hit $28.8m revenue in December 2020
2004Launched with $0 revenue

Manthan Valuation, Funding Rounds

Manthan's most recent disclosed valuation is $86.4M.

Manthan has raised $98.4M in total funding across 6 rounds, with its most recent round in 2015.

Manthan Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$25M$50M$75M$100M$125M20042006200820102012201420152004 cumulative: $0 • 2004 Founded: $02005 cumulative: $700K • 2004 Founded: $0 • 2005 Funding round: $700K2007 cumulative: $6M • 2004 Founded: $0 • 2005 Funding round: $700K • 2007 Funding round: $6M2007 cumulative: $8M • 2004 Founded: $0 • 2005 Funding round: $700K • 2007 Funding round: $6M • 2007 Funding round: $2M2009 cumulative: $23M • 2004 Founded: $0 • 2005 Funding round: $700K • 2007 Funding round: $6M • 2007 Funding round: $2M • 2009 Funding round: $15M2012 cumulative: $38M • 2004 Founded: $0 • 2005 Funding round: $700K • 2007 Funding round: $6M • 2007 Funding round: $2M • 2009 Funding round: $15M • 2012 Funding round: $15M2015 cumulative: $98M • 2004 Founded: $0 • 2005 Funding round: $700K • 2007 Funding round: $6M • 2007 Funding round: $2M • 2009 Funding round: $15M • 2012 Funding round: $15M • 2015 Funding round: $60M$98M2004 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2015Funding round$60M--
2012Funding round$15M--
2009Funding round$15M--
2007Funding round$2M--
2007Funding round$5.7M--
2005Funding round$700K--

Manthan Employees & Team Size

Manthan employs approximately 300 people as of 2026, down from 302 in 2023.

Manthan has 300 total employees in different roles and functions and 30 sales reps that carry a quota.

Manthan Team GrowthReported headcount over time01503004506007502004200620082010201220142016201820202022202400300300Source: GetLatka.com
YearMilestone
2024Reached 300 employees (December 2024)
2024Reached 302 employees (October 2024)
2023Reached 302 employees (December 2023)
2022Reached 302 employees (December 2022)
2020Reached 631 employees (December 2020)

Founder / CEO

Atul Jalan

Atul Jalan is listed as Founder / CEO at Manthan.

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Customers

We do not have customer count information for Manthan yet.

Frequently Asked Questions about Manthan

What is Manthan's revenue?

Manthan generates $150M in revenue.

Who founded Manthan?

Manthan was founded by Atul Jalan.

Who is the CEO of Manthan?

The CEO of Manthan is Atul Jalan.

How much funding does Manthan have?

Manthan raised $98.4M.

How many employees does Manthan have?

Manthan has 300 employees.

Where is Manthan headquarters?

Manthan is headquartered in India.

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Compare Manthan to the industry

Manthan operates across multiple industries. Browse revenue, funding, and growth data for Manthan in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .