Bachatt Bags $12 Mn To Expand Wealth And Credit Solutions

Fintech startup Bachatt has raised $12 Mn (₹112.6 Cr) in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures.

The startup, which provides merchants and self-employed individuals a savings solutions platform, plans to use the fresh funds to scale its existing offerings and build new wealth and credit solutions for its user base of non-salaried individuals.

It also aims to achieve a user base of 3 Cr over the next 12-24 months.

“We want to be a trusted financial partner, for the large 30 Cr merchants and self-employed segment of the country. We want to build 5-6 financial solutions, specially curated & tailored for them. We started with a debt fixed income savings solution, and are now adding 2 new solutions — AI-led Wealth & Credit,” cofounder and CEO Anuragh Jain said.

Founded in 2025 by Jain, Ankur Jhavery and Mayank Agarwal, Bachatt started by offering investments in debt mutual funds offered by SBI Mutual Funds, ICICI Prudential and Axis AMC. Users’ can begin their investment journeys with a basic investment of ₹100, with features like top up and top down, pause savings, weekend savings and instant withdrawals.

Bachatt had earlier raised $4 Mn in a seed round led by Info Edge Ventures and Lightspeed. The startup had raised the funds on a pre-revenue stage when its platform was still operating in beta mode.

It claims to have executed over 20 Lakh mutual fund transactions in the month of February.

For context, a debt mutual fund pools money from investors and uses it to buy fixed-income securities like government bonds, corporate bonds, and treasury bills. Given the type of investments, debt mutual funds are generally considered to be one of the most stable returns with lower risk investment instruments.

Bachatt is now expanding focus to include AI-led wealth management and advisory services for non-salaried individuals with unpredictable cash flows and monthly incomes. Its AI tool monitors over 4,000 mutual fund schemes and market patterns to identify investment opportunities for its customers. It will also provide credit solutions for working capital support for its consumers.

It is targeting the non-salaried segment, which typically relies on cooperative societies for their savings and credit needs, with a market size of over ₹15 Lakh Cr, Jain had told Inc42 last year.

Many fintech startups, originally acting as mutual fund distributors by partnering with AMCs, have in the past year adopted AI to build specialised tools for wealth management and advisory services to different consumer cohorts.

This allows them to analyse huge data sets to target investment opportunities and personalise recommendations based on individual customer goals. Initially focussed on affluent investors, wealth management and advisory services are also moving to target middle class investors and non-salaried individuals.

Wealthtech startups like PowerUp Money, Scripbox, ZFunds and Univest have all raised capital through this bet over the past year or so.

This has also led to the emergence of startups that have built tools for mutual fund advisory and distribution. In November, wealthtech startup Wealthy raised $14.6 Mn in a Series B round led by BII to scale its AI-powered tools and digital infrastructure for investment advisors.

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