Bachatt Raises $12 Mn to Empower India’s Underserved Earners with Smart Savings & Wealth Solutions

In a major boost to India’s rapidly evolving fintech ecosystem, Bachatt Smart Savings has raised $12 million (₹112.6 crore) in its Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures. The funding underscores strong investor confidence in Bachatt’s mission to democratize savings and wealth creation for India’s non-salaried workforce.

Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt is building a financial platform tailored specifically for merchants and self-employed individuals, segments often underserved by traditional financial institutions. By focusing on flexible and accessible savings solutions, the startup aims to bring financial discipline and long-term wealth creation to millions of users outside the salaried economy.

The newly raised capital will be strategically deployed to scale Bachatt’s current offerings while also building new wealth and credit solutions. The company plans to deepen its product ecosystem to cater to the unique financial behaviors of its users, enabling them to save, invest, and access credit seamlessly.

At its core, Bachatt simplifies investing by allowing users to start with as little as ₹100. The platform initially focused on debt mutual fund investments offered by leading institutions such as SBI Mutual Fund, ICICI Prudential Mutual Fund, and Axis Asset Management Company. It further differentiates itself with user-friendly features like top-up and top-down investments, pause savings, weekend savings, and instant withdrawals, offering flexibility that aligns with irregular income patterns.

Bachatt’s approach reflects a deeper understanding of India’s growing gig economy and entrepreneurial workforce, where income streams can be unpredictable. By introducing intuitive and adaptive financial tools, the startup is empowering users to take control of their financial future without the constraints of traditional systems.

With strong backing from top-tier investors and a clear vision to serve an untapped market, Bachatt is well-positioned to redefine how savings and investments work for non-salaried individuals in India. As it expands its offerings into credit and wealth management, the company is poised to become a comprehensive financial partner for millions.