Bachatt Raises $12M Series A to Scale AI Wealth Platform

Bachatt Co-Founders: Ankur Jhavery, Anugrah Jain, and Mayank Agarwal

Bachatt, an AI-led savings and wealth platform, has raised $12 million in a Series A funding round led by Accel, with participation from Lightspeed and Info Edge Ventures.

Earlier in April last year, Bachatt had raised $4 million in seed funding co-led by Lightspeed and Info Edge Venture.

The fresh proceeds will be used to scale user acquisition and launch new AI-led wealth and credit products.

Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt focuses on the merchant and self-employed segment, offering savings solutions tailored to non-salaried users.

The platform’s core offering allows users to invest in debt mutual funds with ticket sizes starting from Rs 100. It partners with asset management companies such as SBI, ICICI, and Axis. The product includes features such as flexible deposits, pause options, and instant withdrawals.

Since its launch in May 2025, Bachatt has acquired over 3 million users. In February 2026, the platform executed more than 2 million mutual fund transactions.

Bachatt plans to expand its offerings and scale its user base to 30 million over the next 12–24 months.

As per the data compiled by Entrackr, Indian wealthtech startups raised more than $634 million across 51 deals involving 39 startups during 2024 and 2025. In the ongoing calendar year, AssetPlus secured $19.3 million, Wint Wealth raised $28 million, Otto Money raised $1.3 million while Jiraaf is set to raise more funds in an extended Series B round.

Source: Entrackr