Bachatt, a Delhi-based AI-driven savings and wealth platform, has raised $12 million in its Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures. This follows its earlier $4 million seed round in April last year, which was co-led by Lightspeed and Info Edge Ventures.
The newly raised capital will be utilized to accelerate user acquisition, strengthen its core savings offerings, and introduce new AI-powered wealth and credit products. The company is focused on building a comprehensive financial ecosystem tailored to India’s large base of merchants and self-employed individuals.
Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt is designed to address the financial needs of non-salaried users, including kirana shop owners, jewellery retailers, and automobile dealers—segments that are often underserved by traditional financial products built around fixed income structures.
“We want to be a trusted financial partner, for the large 300 Mn merchants and self-employed segment of the country. We want to build 5-6 financial solutions, specially curated & tailored for them,” said Anugrah Jain, Founder, Bachatt.
At the core of its offering is a savings product that enables users to invest in debt mutual funds with entry points starting as low as ₹100. The platform partners with leading asset management companies such as SBI, ICICI, and Axis, and offers features including flexible deposits, pause options, and instant withdrawals to suit the irregular cash flows of its target users.
Since its launch in May 2025, Bachatt has scaled rapidly, onboarding over 3 million users. In February 2026 alone, the platform processed more than 2 million mutual fund transactions, reflecting strong user engagement and adoption.
Looking ahead, the company aims to significantly expand its reach, targeting a user base of 30 million over the next 12 to 24 months while broadening its suite of financial products.
The funding comes amid growing momentum in India’s wealthtech sector. According to industry data, startups in this space raised over $634 million across 51 deals during 2024 and 2025. In the current year, companies such as AssetPlus, Wint Wealth, Otto Money, and Jiraaf have also attracted investor interest, indicating continued growth and innovation in the segment.
With its focus on AI-led solutions and underserved customer segments, Bachatt is positioning itself to play a key role in reshaping how savings and wealth products are accessed by India’s self-employed workforce.
