Bachatt, an emerging Indian fintech startup, has captured the spotlight by securing $4 million (over INR 34 crore) in seed funding to fuel the next phase of its digital savings platform. The round was co-led by Lightspeed and Info Edge Ventures, with Lightspeed contributing $2.8 million and Info Edge Ventures investing $1 million. The funding round also attracted participation from prominent industry leaders, including Urban Company cofounder Abhiraj Bhal, L&T Finance’s Sunil Prabhune, and OYO executives Abhinav Sinha and Maninder Gulati.
Founded in November 2024 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt is on a mission to bridge the financial inclusion gap for India’s vast population of self-employed and non-salaried individuals. The startup’s daily savings app, currently in beta, allows users to start systematic investment plans (SIPs) with as little as INR 51 to INR 200 per day, targeting those earning between INR 30,000 and 70,000 per month. By partnering with ICICI Prudential and SBI Mutual Fund, Bachatt offers accessible, low-ticket investment options through UPI, making disciplined saving simple and seamless for gig workers, micro-entrepreneurs, and blue-collar earners.
The newly raised capital will be deployed to officially launch the app, expand the team, enhance the technology stack, and accelerate customer acquisition, particularly in Tier 2 and Tier 3 cities. 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. The company aims to onboard 20 to 30 million users in the coming years, focusing on India’s underserved self-employed segment, which has historically relied on cooperative societies for basic financial services but often faces low returns and limited flexibility.
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Co-founder and CEO Anugrah Jain’s experience with leading NBFCs highlighted the lack of tailored financial products for non-salaried Indians, inspiring the creation of Bachatt. The app’s user-first approach, frictionless interface, and focus on trust and accessibility position it as a disruptive force in India’s rapidly evolving fintech landscape. Investors backing Bachatt share the belief that daily savings for the non-salaried class is a powerful entry point for driving financial inclusion and wealth creation across the country.
As India’s fintech ecosystem matures, Bachatt’s bold strategy and strong investor backing underscore its potential to democratise access to savings and investment tools, empowering millions of self-employed Indians to achieve their financial aspirations.
