Bachatt, a fintech startup, has successfully raised $12 million (₹112.6 crore) in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures.
The company focuses on providing savings solutions for merchants and self-employed individuals. The newly acquired funds will be utilized to enhance current offerings and develop new wealth and credit solutions aimed at non-salaried users.
With ambitious growth plans, Bachatt aims to reach a user base of 30 million within the next 12 to 24 months.
“Our goal is to become a trusted financial partner for the 300 million merchants and self-employed individuals in India. We plan to create 5-6 tailored financial solutions. We started with a debt fixed income savings solution and are now adding two new offerings,” stated co-founder and CEO Anugrah Jain.
Founded in 2025 by Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt initially offered investments in debt mutual funds from SBI Mutual Funds, ICICI Prudential, and Axis AMC. Users can start investing with as little as ₹100, enjoying features like top-ups, pauses in savings, weekend savings, and instant withdrawals.
Previously, Bachatt raised $4 million in a seed round led by Info Edge Ventures and Lightspeed while operating in beta mode.
In February, the startup reported executing over 2 million mutual fund transactions. Debt mutual funds are known for their stability, pooling money to invest in fixed-income securities such as government and corporate bonds.
Bachatt is now expanding its focus to include wealth management and advisory services tailored for non-salaried individuals with variable incomes. Their tools analyze numerous mutual fund schemes to identify investment opportunities.
Targeting the non-salaried segment, which often relies on cooperative societies for financial services, Bachatt is tapping into a market valued at over ₹15 lakh crore.
As the fintech landscape evolves, many startups are adopting advanced tools for wealth management, aiming to cater to a broader audience beyond affluent investors.
