Tuesday, March 31, 2026: Savings-focused fintech platform Bachatt has raised $12 million in its Series A funding round to further accelerate efforts to expand its product offerings and deepen its reach among merchants and self-employed individuals.
Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt previously raised $4 million in a seed round in April last year. The startup has since gained traction with its debt mutual fund-based savings solution, which currently serves around three million users.
The company now plans to scale this base significantly, targeting 30 million users over the next 12 to 24 months.
Accel Backs Bachatt’s Push for Financial Inclusion
Bachatt said it will deploy the newly raised funds to strengthen its core savings platform while building new AI-powered wealth management and credit solutions tailored specifically for its target segment.
“We aim to develop five to six financial products designed for merchants and the self-employed,” said co-founder Anugrah Jain. “We began with a fixed-income savings solution and are now expanding into AI-led wealth advisory and credit offerings.”
Bachatt’s flagship savings product allows users to start investing with as little as ₹100 in debt mutual funds. The platform offers features such as simplified KYC, flexible top-ups and withdrawals, pause options, and automated weekend savings, making it accessible and convenient for users with irregular income streams.
The upcoming AI-led wealth solution will focus on democratizing access to premium financial advisory services. According to the company, its proprietary AI engine tracks over 4,000 mutual fund schemes and analyzes market trends to identify stable and meaningful investment opportunities.
In parallel, the savings and wealth platform is also developing a credit solution aimed at addressing the working capital needs of small merchants and self-employed users. The company plans to offer quick and predictable access to credit, helping bridge a significant financing gap in this segment.
Pratik Agarwal, Partner at Accel, said the startup is tackling a critical gap in financial access. “Bachatt is redefining how underserved consumers access quality financial products. By aligning savings with daily income patterns and building trust through strong partnerships, the platform is unlocking new opportunities for the self-employed,” he noted.
The latest round of funding was led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures
With fresh funding and an expanding product suite, Bachatt is positioning itself as a comprehensive financial platform for India’s growing base of independent earners.
