Bachatt Raises $12M Series A Led by Accel for AI Savings

Delhi-based savings and wealth startup Bachatt has raised $12 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures. Announced on March 31, 2026, the fresh capital will be used to scale the platform’s core savings product and launch new AI-driven wealth advisory and credit solutions for India’s merchant and self-employed segment.

Bachatt Series A Round: Funding Details and Investor Participation

The $12 million Series A round was led by Accel, one of India’s most active early-stage venture capital firms. Existing investors Lightspeed and Info Edge Ventures also participated, reinforcing sustained confidence in Bachatt’s growth trajectory.

The round follows a $4 million seed round closed in April 2025, co-led by Lightspeed and Info Edge Ventures. In under a year of commercial operations, the startup has progressed from seed to Series A, bringing its total funding to $16 million.

“By combining trust with a daily SIP model, they are aligning purchases with real incomes and unlocking access to a new ambit of products for the large self-employed segment, with trust reinforced by the quality of partners they work with. It is rare to find a founding team that has known each other for years and brings such complementary skills and experience,” said Pratik Agarwal, Partner at Accel.

Accel India and Lightspeed India, both prominent backers of Indian fintech companies, continue to support Bachatt through this growth stage. For the latest Indian startup funding news, visit KnowStartup

How Bachatt’s AI-Powered Savings Platform Serves Self-Employed Users in India

Founded in late 2024 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt is built around the financial realities of India’s non-salaried workforce. Its target users include kirana shopkeepers, jewellery retailers, automobile dealers, and other small business owners who depend on variable daily income rather than fixed monthly salaries.

The platform allows users to invest in debt mutual funds with a minimum contribution of just Rs 100. It operates in partnership with SBI, ICICI, and Axis AMC, and offers features including flexible deposits, pause options, top-ups, weekend savings, and instant withdrawals.

From Micro-Savings to AI-Driven Wealth Products for India’s Merchant Segment

Since launching in May 2025, Bachatt claims to have onboarded over three million users. In February 2026 alone, the platform processed more than two million mutual fund transactions.

Building on this foundation, Bachatt is launching two new products. Its AI-led wealth advisory tool monitors more than 4,000 mutual fund schemes and market patterns to surface suitable investment opportunities. Its credit product aims to provide merchants with near-instant working capital access within minutes.

Bachatt Targets 30 Million Users With AI-Led Wealth and Credit Products

With the Series A capital secured, Bachatt is targeting 30 million users over the next 12 to 24 months, with a longer-term vision of serving India’s estimated 300 million merchants and self-employed individuals.

“We want to be a trusted financial partner for the large 300 million merchants and self-employed segment of the country. We want to build 5-6 financial solutions, specially curated and tailored for them. We started with a debt fixed income savings solution, and are now adding two new solutions: AI-led wealth and credit,” said Anugrah Jain, Founder, Bachatt.

Investor Confidence Reflects Momentum in India’s Wealthtech Sector

“Today’s financial products unfortunately aren’t suited for most Indians, and Bachatt is building solutions that massively improve the financial lives of India’s self-employed user base, by first understanding that user base extremely well,” said Ishaan Preet Singh, Partner at Lightspeed.

“The Bachatt team has demonstrated solid execution with rapid scale to serve millions of consumers within a short period. We are very excited to continue backing them,” said Kitty Agarwal, Partner at Info Edge Ventures.

What Bachatt’s Series A Funding Means for India’s Wealthtech Market

Bachatt’s Series A reflects broader momentum in India’s wealthtech sector. Startups in the space raised over $634 million across 51 deals during 2024 and 2025. In 2026, platforms including AssetPlus, Wint Wealth, Otto Money, and Jiraaf have continued to attract institutional capital.

Bachatt is carving out a distinct position by focusing on the self-employed segment — a demographic overlooked by mutual fund distributors and investment platforms built for salaried professionals. Its model combining low-entry savings tools, AI-driven investment recommendations, and embedded credit positions it as a strong contender in India’s evolving embedded finance and wealthtech landscape.

Author

Sachin

Sachin Sidharth is a Digital Marketing professional with a master’s degree in Digital Marketing from Coventry University, UK. He has 10+ years of blogging and online marketing experience. He currently heads Digital Acquisition for a leading London-based Fintech firm. At KnowStartup.com He focuses on writing Digital Marketing guides and manages...