Manyakheta was the capital of the Rashtrakuta dynasty which ruled large parts of southern India from 753 to 973. The capital city was founded by Rashtrakuta ruler Amoghavarsha I (Nrupatunga Amoghavarsha) who transferred regnal capital from Mayurkhandi (in the Bidar district of Karnataka) to Manyakheta. He had embellished the new capital with beautiful buildings in order to "match the city of Indra's heaven, Amaravati."
Today Manyakheta is modern Malkhed village in Sedam taluk in Gulbarga (modern Kalaburagi) district in Karnataka.
In 972-73 Manyakheta was sacked by Harsha Siyaka of the Paramara dynasty. After the downfall of the Rashtrakuta dynasty in 973, it became the capital of the Kalyani Chalukyas who had supplanted the Rashtrakutas.
During the rule of Satyasraya belonging to the Chalukyas of Kalyani, Manyakheta was sacked in 1008 by Rajendra Chola I (reigned 1014–1044) during the reign of Raja Raja Chola .
Someshvara I Ahavamalla (c1042-1068) of Chalukyas of Kalyani( also known as Western Chalukya dynasty), shifted his capital from Manyakheta to Kalyani.
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