Bachatt, an AI-driven savings and wealth platform, has successfully secured $12 million in its Series A funding round led by Accel. The investment, which included participation from Lightspeed and Info Edge Ventures, will fuel the expansion of its financial solutions. The company aims to scale its platform and introduce new products specifically designed for India's vast self-employed and merchant community.
Strategic Capital for Growth
This latest funding round marks a significant milestone for Bachatt, providing substantial capital to accelerate its growth strategy. The investment was led by Accel with continued support from existing backers Lightspeed and Info Edge Ventures. This infusion is pivotal for expanding the company's market reach and enhancing its technological capabilities for its core user base.
The Series A round follows a successful $4 million seed funding raised in the previous year, highlighting strong investor confidence in its mission. Bachatt will leverage these new funds to aggressively pursue user acquisition and solidify its market position. The capital injection is crucial for the company's plan to scale its operations and product development efforts significantly.
AI-Powered Financial Innovation
Bachatt plans to deploy the fresh capital to enhance its product suite beyond its initial savings solution. The company is developing new artificial intelligence-powered wealth and credit solutions tailored for its merchant user base. These offerings are designed to provide more comprehensive financial support and address critical needs within this underserved segment.
At the core of its new wealth solution is a proprietary AI tool that actively monitors over 4,000 mutual fund schemes. This technology analyzes complex market patterns to identify stable and meaningful investment opportunities for its users. The goal is to simplify wealth creation for individuals who may lack access to traditional financial advisory services.
Furthermore, the company's upcoming credit solution aims to address the significant working capital gap for small businesses. By providing highly predictable financial support within minutes, Bachatt intends to empower merchants with greater liquidity. This initiative is expected to foster business stability and growth for its customers across the country.
Serving India's Merchant Economy
Bachatt has strategically positioned itself to serve a large market of 300 million merchants and self-employed individuals. Its platform allows users to start investing with as little as Rs 100 in debt mutual funds. The company has partnered with leading asset management firms like SBI, ICICI, and Axis AMC to offer trusted options.
Since its launch, the company has demonstrated impressive traction, amassing over three million users on its platform. In February 2026 alone, it processed more than two million mutual fund transactions, indicating strong user engagement. This rapid adoption underscores the high demand for accessible and simplified financial tools among its target audience.
Vision and Investor Outlook
Founder Anugrah Jain articulated a vision to become a trusted financial partner for this market by building multiple curated solutions. Pratik Agarwal of Accel praised Bachatt’s daily SIP model, noting it aligns investments with the real income flows of its users. This approach, he added, unlocks access to new products for the large self-employed segment in the country.
Looking ahead, Bachatt has set an ambitious goal to grow its user base to 30 million within the next two years. This target reflects the company's confidence in its product-market fit and its strategy for scaling operations. The expansion will be driven by enhancing existing services and launching the new credit and wealth solutions.
This $12 million funding round positions Bachatt to significantly advance its mission of empowering India's merchants and self-employed professionals. By expanding its AI-driven offerings, the company is poised to address critical gaps in savings, wealth, and credit accessibility. The investment validates Bachatt's innovative model and signals a promising future for financial inclusion in the region.