Wealthtech Startup Bachatt Secures $12 Mn in Series A Funding Led by Accel

AI-led savings and wealth platform Bachatt has raised $12 million in a Series A funding round led by Accel, with participation from Lightspeed and Info Edge Ventures. The latest funding comes less than a year after the startup secured $4 million in seed funding in April last year, co-led by Lightspeed and Info Edge Venture.

Focus on AI-Driven Financial Products

The fresh capital will be deployed to accelerate user acquisition and expand Bachatt’s product suite. The company is planning to launch new AI-led wealth and credit solutions, aimed at simplifying financial access for underserved segments. Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt primarily targets merchants and self-employed individuals, a segment often overlooked by traditional financial institutions.

Its core offering enables users to invest in debt mutual funds with ticket sizes starting as low as Rs 100. The platform partners with leading asset management companies such as SBI, ICICI, and Axis, and offers features including flexible deposits, pause options, and instant withdrawals, making it accessible and user-friendly.

Rapid Growth and Expansion Plans

Since its launch in May 2025, Bachatt has witnessed rapid traction, crossing 3 million users within months. In February 2026 alone, the platform processed over 2 million mutual fund transactions, reflecting strong engagement from its growing user base.

Looking ahead, Bachatt aims to scale its platform to 30 million users over the next 12 to 24 months while broadening its financial product offerings.

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Wealthtech Momentum in India

The funding round comes amid strong momentum in India’s wealthtech ecosystem. According to data compiled by Entrackr, wealthtech startups in India raised over $634 million across 51 deals involving 39 startups during 2024 and 2025. In 2026 so far, AssetPlus has secured $19.3 million, Wint Wealth raised $28 million, Otto Money raised $1.3 million, while Jiraaf is expected to raise additional capital in an extended Series B round.

The continued investor interest highlights the growing demand for digital-first financial solutions in India.