Bachatt founders secure $12M funding led by Accel for financial solutions.
Bachatt, a fintech startup focused on providing financial solutions to self-employed individuals, has raised $12 million (₹112.6 Cr) in a Series A funding round. The investment was led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures.
Founded in 2025 by Anuragh Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt aims to serve the 300 million merchants and self-employed individuals in India. The company plans to use the new capital to expand its existing savings solutions platform and develop new wealth and credit offerings tailored to this demographic.
Bachatt’s platform currently offers investments in debt mutual funds from SBI Mutual Funds, ICICI Prudential, and Axis AMC, with a minimum investment of ₹100. The company reports executing over 2 million mutual fund transactions in February.
With the new funding, Bachatt is expanding its focus to include AI-led wealth management and advisory services, targeting the non-salaried segment that often relies on cooperative societies for financial services. The company’s AI tool monitors over 4,000 mutual fund schemes to identify investment opportunities and provide personalized recommendations.
Bachatt is also introducing credit solutions to support the working capital needs of its customers, addressing a market the company estimates at over ₹15 Lakh Cr.
The company had previously raised $4 million in a seed round led by Info Edge Ventures and Lightspeed.
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