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Bachatt, an AI-driven savings and wealth platform, has secured USD 12 million in a Series A funding round led by Accel with participation from Lightspeed and Info Edge Ventures.
The company had earlier raised USD 4 million in seed funding in April last year, co-led by Lightspeed and Info Edge Venture. The latest funding will be used to expand user acquisition efforts and introduce new AI-powered wealth and credit products.
Founded in 2025 by Anugrah Jain, Ankur Jhavery and Mayank Agarwal, Bachatt focuses on serving merchants and self-employed individuals with tailored savings solutions.
The platform enables users to invest in debt mutual funds with a minimum ticket size starting from INR 100. It has partnered with asset management companies such as SBI, ICICI, and Axis to offer these services. Key features include flexible deposits, the option to pause investments and instant withdrawals.
Since its launch in May 2025, Bachatt has reported over 3 million users. In February 2026 alone, it processed more than 2 million mutual fund transactions. The company aims to grow its user base to 30 million within the next 12 to 24 months while expanding its product offerings.
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