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India’s fintech sector continues its upward trajectory with another milestone — Bachatt, a Delhi based savings and wealth management platform, has raised $12 million in a Series A funding round. The round was led by Accel, with continued backing from existing investors Lightspeed and Info Edge Ventures. The announcement marks a significant step forward for a startup that has been building purposefully since its founding in late 2024.
A Platform Built for the Overlooked
Founded in November 2024 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt was conceived to address a persistent gap in India’s financial ecosystem. The platform specifically targets merchants and self employed individuals — a segment comprising over 300 million people who earn irregularly and have historically been underserved by traditional financial products.
Bachatt’s core offering allows users to invest in debt mutual funds through a daily SIP model, beginning with amounts as low as ₹100. The platform partners with leading fund houses including SBI Mutual Fund, ICICI Prudential, and Axis Mutual Fund, and operates as a registered mutual fund distributor under AMFI. Features such as flexible deposits, pause options, and instant withdrawal facilities are designed to accommodate the fluid cash flow patterns of non salaried earners.
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Rapid Growth and Strong Traction
Since its app launch in May 2025, Bachatt has demonstrated notable momentum. The platform crossed 3 million registered users within months, and in February 2026 alone, recorded over 2 million mutual fund transactions — a figure that underscores both user engagement and the platform’s operational scalability.
This growth trajectory evidently captured investor attention. Pratik Agarwal, Partner at Accel, noted that Bachatt’s daily SIP model aligns purchases with real incomes, making financial products genuinely accessible to India’s large self employed base.
What the Capital Will Fund
The fresh Series A proceeds will be directed towards three key areas. First, expanding the technology platform to support greater scale and reliability. Second, launching two new product verticals — an AI-driven wealth management solution and a tailored credit offering. Third, accelerating user acquisition with an ambitious target of reaching 30 million users within the next 12 to 24 months.
The Road Ahead
With its combination of low entry thresholds, trusted fund partnerships, and a model built around daily financial behaviour, Bachatt is positioning itself as a meaningful player in India’s push toward broader financial inclusion. The Series A marks not a culmination, but a foundation for what the company envisions as a comprehensive financial services ecosystem for self employed India.
