Indian fintech startup Bachatt has raised $4 million in seed funding to fuel the launch and scale-up of its daily savings app, tailored specifically for India’s vast population of self-employed and non-salaried individuals.
The round was co-led by Lightspeed and Info Edge Ventures, and included participation from a stellar line-up of industry veterans:
- Abhiraj Bhal (Co-founder, Urban Company)
- Sunil Prabhune (Chief Executive – Digital & FinTech, L&T Finance)
- Abhinav Sinha (COO, OYO)
- Maninder Gulati (CSO, OYO)
Founders with Proven Pedigree
Founded in November 2024, Bachatt was started by:
- Anugrah Jain, former Partner at BCG
- Ankur Jhavery, ex-OYO
- Mayank Agarwal, ex-Urban Company
The trio brings deep operational, tech, and strategy experience into a space that has long remained underserved—the financial needs of India’s 300 million+ self-employed individuals.
A Daily Savings App for the Underbanked
Bachatt’s mobile platform enables users—particularly those earning between ₹30,000 to ₹70,000 per month—to begin saving with as little as ₹100–200 per day.
Currently in beta, the app offers:
- Daily SIPs (Systematic Investment Plans)
- Investment tie-ups with ICICI Prudential and SBI Mutual Fund
- A frictionless, no-jargon savings journey designed for gig workers, blue-collar earners, and micro-entrepreneurs
According to co-founder Anugrah Jain,
“The financial system wasn’t designed for India’s self-employed. At Bachatt, we’re building for those who don’t have a payslip—but do have aspirations.”
Use of Funds and Vision Ahead
With this $4M seed funding, Bachatt plans to:
- Officially launch the app at scale
- Expand its team and tech capabilities
- Accelerate customer acquisition across Tier 2 and 3 cities
- Build a suite of financial products including:
- Partially secured loans
- Fixed deposits
- Savings-linked credit cards
The company aims to onboard 20–30 million users in the next few years.
Backed by Belief
Speaking on the investment, Lightspeed and Info Edge Ventures shared a common vision:
“We believe Bachatt is solving a massive whitespace. Daily savings for the non-salaried class is a powerful wedge into financial inclusion, and this team is uniquely equipped to deliver on that promise.”
Why It Matters
India’s fintech boom has largely targeted salaried, urban millennials. Bachatt flips that narrative by focusing on trust, discipline, and accessibility for users that have historically been left out of the formal financial system.
With a user-first approach and a product that meets people where they are—daily income, daily savings—Bachatt is poised to unlock a massive and untapped market.