Bachatt, a savings and wealth platform, has raised $12 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed & Info Edge Ventures. The funds will be used to expand its user base and develop new AI-led wealth and credit solutions.
Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt previously raised $4 million in a seed round in April of the previous year. The platform targets merchants and self-employed individuals, aiming to scale its savings solution and introduce innovative financial products.
According to the startup, it currently has a user base of three million on its debt mutual funds-led savings solution and plans to reach 30 million users over the next 12-24 months. The company’s base saving solution starts at Rs 100, allowing users to save in debt mutual funds with features like easy KYC, convenient top-up/top-down, pause savings, weekend savings, and instant withdrawals.
Bachatt’s AI-led wealth solution aims to make premium wealth advisory accessible to a broader audience by leveraging a proprietary AI tool that monitors over 4,000 mutual fund schemes and market patterns to identify opportunities for stable returns. Additionally, the company’s credit solution seeks to address the credit needs of its target segment by providing predictable working capital support.
Pratik Agarwal, Partner at Accel, noted that Bachatt is addressing a gap in how consumers access quality financial products. By combining trust with a daily SIP model, Bachatt aligns purchases with real incomes and unlocks access to new products for the self-employed segment.
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