Bachatt, a Delhi-based AI-powered savings and wealth platform, has secured fresh funding to expand its innovative financial solutions for India’s growing merchant and self-employed segment.
Bachatt, an AI-powered savings and wealth platform based in Delhi, said on March 31 that it has raised $12 million in a Series A fundraising round headed by Accel, with participation from current backers Lightspeed and Info Edge Ventures.
Bachatt Raises $12 Million in Series A Funding
The business will utilize the new funding to expand its main savings product and launch new AI-driven wealth and credit solutions as it focuses more intently on India’s sizable merchant and independent contractor market.
💰 Bachatt Funding Highlights
- Funding: $12 million (Series A)
- Lead Investor: Accel
- Other Investors: Lightspeed, Info Edge Ventures
- Founded: 2025
- Target Users: Merchants & self-employed
- Goal: Expand savings, credit & wealth products
Vision for India’s Merchant Ecosystem
“We want to be a reliable financial partner for the nation’s 300 million merchants and independent contractors. Anugrah Jain, founder of Bachatt, stated, “We intend to construct five to six financial solutions, carefully chosen & suited for them.”
Anugrah Jain, Ankur Jhavery, and Mayank Agarwal founded Bachatt in 2025 with the goal of creating financial solutions specifically for consumers that are neglected by traditional products based on fixed monthly payments, such as kirana merchants, jewelers, and car dealers.
Flexible Savings Model for Users
With features like pause, top-ups, weekend saves, and rapid withdrawals, its flagship savings product enables customers to invest as little as Rs 100 in debt mutual funds. Asset managers such as SBI, ICICI, and Axis AMC have collaborated to develop these services.
Fixed SIPs or deposits frequently fall short for consumers with daily, fluctuating cash flows. Bachatt states that since its May 2025 launch, it has amassed over 3 million users and handled over 2 million mutual fund transactions in February alone.
📈 Growth & Product Features
- Users: 3 million+
- Transactions: 2 million+ (Feb)
- Min Investment: ₹100
- Features: Pause, top-up, instant withdrawal
- Partners: SBI, ICICI, Axis AMC
- Model: Flexible daily SIP system
Investor Confidence and Market Opportunity
“Bachatt is filling a basic void in the way that customers can obtain high-quality goods. According to Pratik Agarwal, a partner at Accel, “they are connecting purchases with real revenues and opening access to new scope of products by combining trust with a daily SIP model.”
The business is currently branching out into credit and wealth advising. While its loan service seeks to give businesses nearly quick operating capital, its AI-led wealth product uses a proprietary engine that tracks over 4,000 mutual fund schemes and market trends to find investment opportunities.
Expansion into Credit and Wealth Solutions
Ishaan Preet Singh, a partner at Lightspeed, stated, “Today’s financial products are unfortunately not appropriate for the majority of Indians, and Bachatt is inventing solutions that substantially improve the financial life of India’s self-employed user base, by first understanding that user group exceptionally well.”
“In a short amount of time, the Bachatt team has shown strong execution and quick scale to service millions of customers. We are thrilled to keep supporting them,” stated Kitty Agarwal, an Info Edge Ventures partner.
Future Growth Plans
As competition heats up in India’s wealthtech and embedded finance space, especially in the areas of mutual fund distribution and small business financing, Bachatt intends to grow its user base to 30 million over the course of the next 12 to 24 months.
Conclusion
With strong investor backing and a focus on underserved segments, Bachatt is positioning itself as a key player in India’s evolving fintech landscape, aiming to deliver flexible and AI-driven financial solutions at scale.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.
