Bachatt, a fintech startup has raised $4 million in its seed funding round co-led by Lightspeed and Info Edge Ventures. Lightspeed contributed $2.8 million, while Info Edge invested $1 million.
The round also saw participation from Abhiraj Bhal, cofounder of Urban Company, L&T Finance’s Sunil Prabhune, OYO COO Abhinav Sinha and OYO CSO Maninder Gulati.
The investment comes at a pre-revenue stage for the startup, which is preparing to fully launch its daily savings mobile application, currently in beta mode.
The funds raised will be used to launch the app officially, expand the team, scale its platform, enhance the technology stack and product interface, and accelerate customer acquisition, particularly in Tier 2 and Tier 3 cities.
“We believe that India’s financial ecosystem has long overlooked the self-employed segment. There’s a significant opportunity in designing savings instruments that match their cash flows. There’s a trust gap and convenience gap that we aim to bridge through technology and strong institutional partnerships,” said Anugrah Jain, co-founder, Bachatt.
“We believe Bachatt’s user-first approach and focus on long-term financial wellness will help create real impact in Tier 2 and Tier 3 India,” said Pankaj Bansal, Partner at Info Edge Ventures.
Founded in November 2024 by Anugrah Jain, Ankur Jhavery and Mayank Agarwal, Bachatt provides financial services solutions, with a focus on the self-employed category. Currently, its app lets users do daily SIP. The startup plans to add more financial products going ahead.
The startup’s core offering allows users to invest as little as ₹51 per day or ₹1,001 per week through UPI into debt mutual funds, aiming to make disciplined saving both accessible and seamless.
Bachatt has secured partnerships with top-tier fund houses such as ICICI Prudential and SBI Mutual Fund, and is now a registered mutual fund distributor under AMFI (Association of Mutual Funds in India).
Bachatt’s vision extends beyond savings, with plans to introduce a comprehensive suite of financial products, including partially secured loans, fixed deposits, and savings-linked credit cards.
Bachatt aims to onboard 2–3 crore users over the next few years by targeting India’s underserved self-employed population—an addressable market worth trillions.
