Bachatt raises $12M in Series A funding round led by Accel

Savings platform Bachatt has raised $12 million in a Series A round of funding led by Accel. The round also saw participation from existing investors, Lightspeed & Info Edge Ventures.

Bachatt, which targets merchants and self employed, will use this capital to scale its savings solution and build new AI-led wealth and credit solutions. Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, it had previously raised $4 million in seed round in April last year.

According to this startup it has a three million user base on its debt mutual funds led savings solution and aims to reach 30 million over the 12-24 months.

Bachatt Founder Anugrah Jain said, “We want to build 5-6 financial solutions, specially curated & tailored for them (merchants and self-employed). We started with a debt fixed income savings solution, and are now adding 2 new solutions - AI-led Wealth & Credit”.

The base saving solution of Bachatt starts at Rs 100 and allows users to save conveniently in debt mutual funds with features such as easy KYC, convenient top-up/top-down, pause savings, weekend savings, instant withdrawals etc.

Bachata claimed that its AI-led wealth solution is anchored around making premium wealth advisory accessible to all, in a simple and non-complex way. This startup leverages its proprietary AI tool that monitors over 4,000 mutual fund schemes and market patterns to identify opportunities for meaningful and stable returns.

The credit solution of Bachatt aims to address the large credit need gap of the segment, by providing predictable working capital support in a short period of time.

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.”