Bachatt, a fintech startup focused on providing financial solutions to self-employed individuals in India, has raised $12 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures. The company plans to utilize the fresh capital to expand its existing offerings and develop new wealth and credit solutions tailored to its user base of non-salaried individuals.
Founded in 2025 by Anuragh Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt initially offered investments in debt mutual funds. The platform allows users to start investing with as little as ₹100, offering features such as top-up options, pause savings, weekend savings plans, and instant withdrawals.
Bachatt is now expanding its focus to include AI-led wealth management and advisory services for non-salaried individuals, who often have unpredictable cash flows and monthly incomes. The company’s AI tool monitors over 4,000 mutual fund schemes and market patterns to identify investment opportunities for its customers. It will also provide credit solutions for working capital support.
The company is targeting the non-salaried segment in India, which typically relies on cooperative societies for their savings and credit needs. Bachatt estimates this market to be over ₹15 Lakh Cr.
With the new funding, Bachatt aims to reach a user base of 30 million over the next 12-24 months. The company intends to become a trusted financial partner for the 300 million merchants and self-employed individuals in India by building five to six tailored financial solutions. Bachatt has already executed over 2 million mutual fund transactions in February.
Bachatt had previously raised $4 million in a seed round led by Info Edge Ventures and Lightspeed. The startup’s platform was still operating in beta mode at the time.
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