Bachatt Secures $12 Million in Funding Backed by Accel to Enhance AI-Driven Savings and Credit Solutions

Bachatt Raises $12 Million in Series A Funding Round Led by Accel

Delhi-based AI-led savings and wealth platform Bachatt has secured $12 million in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures. The announcement was made on March 31.

The fresh capital will be utilized to scale Bachatt's core savings product and roll out new AI-led wealth and credit solutions. The startup is sharpening its focus on India's vast merchant and self-employed segment, which remains underserved by traditional financial products.

Bachatt's flagship savings product allows users to invest as little as Rs 100 in debt mutual funds, with features such as pause, top-ups, weekend savings, and instant withdrawals. These offerings have been built in partnership with asset managers including SBI, ICICI, and Axis AMC. The product is designed for users with daily, variable cashflows, where fixed SIPs or deposits often fall short.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Since its launch in May 2025, Bachatt has acquired over 3 million users and processed more than 2 million mutual fund transactions in February alone. The company is expanding into wealth advisory and credit, with an AI-led wealth product that uses a proprietary engine to monitor over 4,000 mutual fund schemes and market patterns to identify investment opportunities.

Bachatt plans to scale its user base to 30 million over the next 12-24 months, as competition intensifies in India's wealthtech and embedded finance space, particularly around mutual fund distribution and small business credit.

Key Milestones

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

• Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal
• Launched flagship savings product in May 2025
• Acquired over 3 million users
• Processed over 2 million mutual fund transactions in February 2026

Bachatt's approach is designed to address a fundamental gap in how consumers access quality financial products, particularly for India's vast merchant and self-employed segment. The company's AI-powered solutions aim to provide personalized financial services that align with the real incomes and needs of its users.