Press Release
AI-led savings & wealth platform, Bachatt raises $12 Mn in Series A
Key Highlights:
- Funding led by Accel, Lightspeed & Infoedge Ventures
- Building for the large 300Mn. merchant and self-employed segment
- Since launch in May 2025, Bachatt has acquired 3M+ users on its debt mutual funds led savings solution
- The funds raised will help scale acquisition, and launch new AI-led wealth and credit solutions
India, Delhi (30 March): Bachatt, an AI-led savings & wealth platform for the merchant and self-employed segment, has raised USD 12M in its series A funding led by Accel. The round also saw participation from existing investors, Lightspeed & Infoedge Ventures. The freshly infused funds will allow Bachatt to scale its savings solution and build new AI-led Wealth & Credit solutions for its growing user base which ranges from kirana shopkeepers to large merchants like jewelry shop owners, dealerships and others.
In India, most financial solutions are built for the salaried class, while a large number of Indians are merchants or self-employed. Their cashflows are daily with small variability. The traditional fixed monthly SIPs or fixed deposits are not appropriate savings solutions for them.
Bachatt's base savings solution starts at ₹100, and allows users to save conveniently in debt mutual funds of SBI, ICICI and Axis AMC. To make this solution work, numerous industry-first features e.g. easy KYC, convenient top-up/top-down, pause savings, weekend savings, instant withdrawals etc. were built alongside AMCs and RTAs. The debt savings solution became an instant hit. In Feb 2026, Bachatt executed 2M+ mutual fund transactions through its mobile app.
On the company's vision, Anugrah Jain, Founder, Bachatt said, “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. We started with debt fixed income savings solution, and are now adding 2 new solutions - AI-led Wealth & Credit”
Bachatt's AI-led wealth solution is anchored around making premium wealth advisory accessible to all, in a simple and non-complex way. The wealth solution leverages Bachatt's proprietary AI tool. The AI tool monitors 4000+ MF schemes and market patterns, and helps identify right opportunities for meaningful and stable returns.
Bachatt's credit solution aims to address the large credit need gap of the segment, by providing highly predictable working capital support, within minutes.
Pratik Agarwal, Partner, Accel said, “Bachatt is addressing a fundamental gap in how consumers access quality products. By combining trust with a daily SIP model, they are aligning purchases with real incomes and unlocking access of new ambit of products to the large self-employed segment, with trust reinforced by the quality of partners they work with. It is rare to find a founding team that has known each other for years and brings such complementary skills and experience. At Accel, we are proud to partner with founders building population-scale utilities like Bachatt.”
On their continued investment in Bachatt, Ishaan Preet Singh, Partner, Lightspeed said, “Today's financial products unfortunately aren't suited for most Indians, and the Bachatt is building solutions that massively improve the financial lives of India's self employed user base, by first understanding that user base extremely well, and then partnering closely with financial institutions to create innovative solutions that just work.”
Kitty Agarwal, Partner, Infoedge Ventures said, “The Bachatt team has demonstrated solid execution with rapid scale to serve millions of consumers within a short period. Their innovative approach to everything from user acquisition to product journeys to platform construction keeps them ahead when building for an underserved segment like this one. We are very excited to continue backing them.”
Bachatt has built a strong team of ex-founders, IIT/IIM alumni which has enabled it to move fast while maintaining customer trust and quality. Over the next 12-24 months, Bachatt intends to reach a user base of 30M.
About Bachatt & Founders
Bachatt is an AI-led savings & wealth platform, focused on India's 300Mn large merchant and self-employed segment. Bachatt was founded in 2025 by Anugrah Jain, Ankur Jhavery and Mayank Agarwal, former BCG colleagues and graduates of IIT and IIM. For more, visit www.bachatt.app
About Accel
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, CrowdStrike, Fiverr, Flipkart, Freshworks, Qualtrics, Scale, Segment, Slack, Spotify, Squarespace, Tenable, and UiPath are among the companies Accel has backed over the past 40+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com
About Lightspeed
Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally, including Anthropic, Acceldata, Carta, Cato Networks, Darwinbox, Epic Games, Faire, Grab, Innovaccer, Suno, Mulesoft, Mitral, Navan, Netskope, Nutanix, Physics Wallah, Razorpay, Redotpay, Rubrik, Skilld AI, Sharechat, Snap, OYO, Ultima Genomics, Zepto, and many more. Lightspeed's emerging focus areas include Generative AI, Deep-tech, Climate, EVs, Agri-tech, B2B supply chain, and Frontier Tech. Lightspeed and its global team currently manage over $40B in assets under management across the Lightspeed platform, with investment professionals and advisors based in the U.S., Europe, India, Israel, and Southeast Asia. www.lsip.com
About Info Edge Ventures
Info Edge Ventures is an early stage venture capital firm backed by Info Edge, Temasek and a select set of globally reputed LPs. It focuses on early-stage startups in internet and technology-driven businesses. It has backed successful ventures like Zomato, Policybazaar, Truemeds, Geniemode, Shiprocket, Bluestone etc. leveraging strong ecosystem insights. https://www.infoedgeventures.in/
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