Bachatt, an Indian fintech that offers savings and wealth products to merchants and self-employed people, announced a $12m Series A on 31 March 2026. Accel led the round. Existing investors Lightspeed and Info Edge Ventures took part, according to Angel One and Outlook Business, which carried a PTI report.
Outlook Business put the amount at about ₹113 crore. No valuation was disclosed, and neither report gave the company's headquarters city, founding year or headcount.
“Bachatt is addressing a fundamental gap in how consumers access quality products.”Pratik Agarwal, Partner, Accel
What Bachatt does
Bachatt's existing product is a savings tool built on debt mutual funds. According to Outlook Business it launched in May 2025 and lets users start with ₹100. Angel One said users can invest in debt funds from SBI, ICICI and Axis asset managers.
The company's customers include small shopkeepers, jewellery businesses, car and vehicle dealerships and other self-employed professionals, according to Angel One. It targets a market of more than 300 million merchants and self-employed people in India.
Angel One reported that the company executed more than 2 million mutual fund transactions in February 2026. Outlook Business reported a claim of more than 3 million users. Both are company figures that were not independently checked, and assets under management were not disclosed.
The next products
Bachatt is adding two products to its savings tool: an AI-led wealth offering and credit. Angel One described the wealth product as a proprietary system that screens more than 4,000 mutual fund schemes alongside market trends. The credit product, still in development, is a working-capital offering that the company says will give users fast access to funds for short-term needs.
Founder Anugrah Jain said the company wants to build five or six financial solutions specially curated and tailored for the segment. He told Outlook Business the company started with a debt fixed-income savings solution and is now adding the two new ones.
Who invested
Pratik Agarwal, a partner at Accel, said: "Bachatt is addressing a fundamental gap in how consumers access quality products." He added that Accel is proud to partner with founders building population-scale utilities.
Angel One said Lightspeed and Info Edge Ventures put in money again, without giving the amounts. Jain is the only founder named in either report.
What the money is for
The company said it will use the funds to scale its existing savings product and to launch the new AI-powered wealth and credit offerings. Outlook Business reported that Bachatt intends to reach a user base of 30 million over the next 12 to 24 months.
Neither report gave details of earlier funding or total capital raised.
Outlook Business, quoting the company statement, described Bachatt as an AI-led savings and wealth platform for the merchant and self-employed segment. Accel's Agarwal said the firm is proud to partner with founders building population-scale utilities, and the Angel One report paraphrased an Accel partner as saying the model aligns savings with daily income patterns and expands access to financial products for an underserved segment.