New Delhi, March 31 Fintech firm Bachatt has raised USD 12 million, approximately Rs 113 crore, in a funding round led by venture capital firm Accel, the company said on Tuesday.
The round also saw participation from existing investors, Lightspeed and InfoEdge Ventures.
“Bachatt, an AI-led savings and wealth platform for the merchant and self-employed segment, has raised USD 12 million in its series A funding led by Accel,” the company said in a statement.
The company plans to use the fresh funds to scale up its savings solution and build new AI-led wealth and credit solutions for its growing user base, which ranges from small shopkeepers to large merchants such as jewelry shop owners and dealerships, etc.
“We want to develop 5-6 financial solutions, specifically designed 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,” Bachatt Founder Anugrah Jain said.
Launched in May 2025, Bachatt claims to have acquired over 3 million users on its debt mutual funds-led savings solution.
“Over the next 12-24 months, Bachatt intends to reach a user base of 30 million,” the statement said.
Bachatt provides savings solutions starting from Rs 100, and allows users to conveniently save in debt mutual funds of SBI, ICICI and Axis AMC.
Bachatt is addressing a fundamental gap in how consumers access quality products. At Accel, we are proud to partner with founders building population-scale utilities like Bachatt,” Accel Partner Pratik Agarwal said.
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