Bachatt: AI-led Savings and Wealth Platform Raises $12 Million

Bachatt, an innovative AI-driven savings and wealth platform, has successfully secured $12 million in a Series A funding round led by Accel, with participation from Lightspeed and Info Edge Ventures. Previously, in April last year, Bachatt had raised $4 million in seed funding, co-led by Lightspeed and Info Edge Ventures. The newly acquired funds will be instrumental in enhancing user acquisition and launching advanced AI-driven wealth and credit products.

About Bachatt

Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt primarily focuses on addressing the needs of the merchant and self-employed segments. The platform provides tailored savings solutions aimed specifically at non-salaried users. Its flagship offering enables users to invest in debt mutual funds with investment amounts starting from Rs 100.

Key Features and Partnerships

Bachatt collaborates with prominent asset management firms like SBI, ICICI, and Axis. The features of the platform include flexible deposits, options to pause contributions, and the ability to make instant withdrawals.

User Growth and Future Plans

Since its inception in May 2025, Bachatt has successfully attracted over 3 million users. By February 2026, the platform had executed more than 2 million mutual fund transactions. Looking ahead, Bachatt aims to broaden its offerings and increase its user base to 30 million within the next 12 to 24 months.

Wealthtech Sector Insights

According to data compiled by Startup Superb, Indian wealthtech startups raised over $634 million through 51 deals involving 39 startups during 2024 and 2025. In this ongoing calendar year, notable fundraising efforts include AssetPlus, which secured $19.3 million, Wint Wealth, which raised $28 million, and Otto Money, which gathered $1.3 million. Additionally, Jiraaf is preparing to raise further funds through an extended Series B round.