Bengaluru-based fintech startup Bachatt, which focuses on serving the financial needs of India’s self-employed community, has raised $4 million in seed capital. The round was co-led by Lightspeed Venture Partners, which invested $2.8 million, and Info Edge Ventures, which contributed $1 million under the leadership of Sanjeev Bikhchandani. Prominent angel investors also joined the round, notably Urban Company co-founder Abhiraj Bhal, L&T Finance executive Sunil Prabhune, and OYO’s Abhinav Sinha and Maninder Gulati. The round closed at a pre-revenue stage, and Bachatt’s leadership plans to deploy the capital to roll out its daily savings app beyond the current beta testing.
Established in late 2024 by former BCG partner Anugrah Jain, former OYO executive Ankur Jhavery, and ex-Urban Company manager Mayank Agarwal, Bachatt aims to close the financial inclusion gap for India’s approximately 300 million self-employed individuals. The mobile platform allows users earning roughly ₹30,000–70,000 per month to start saving with very small daily contributions. In fact, the app enables savings plans as low as ₹51 per day (about US$0.60) or ₹1,001 per week, by pooling contributions into debt mutual funds. Bachatt has tied up with leading mutual fund houses (ICICI Prudential and SBI Mutual Fund) to offer these low-ticket investment options. The company claims its platform helps individuals earning between INR 30,000 and 70,000 per month boost their income by setting aside just INR 100 to 200 each day.
Anugrah Jain, one of the founders, underscored the startup’s dedication to improving financial access for underserved communities. As Jain notes, “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”. The new funding will let Bachatt hire engineers, expand its tech team and customer support, and formally launch its app across more regions. In the coming years, the startup aims to onboard 20–30 million users to bring savings and investment tools to India’s blue- and grey-collar workers.
Bachatt’s funding round takes place against a backdrop of fluctuating fintech investment trends in India. While overall venture investment in fintech remains strong, investors have recently favoured later-stage companies over risky early bets. By targeting a clear niche – daily savings for gig workers – Bachatt hopes to attract a new segment of first-time retail investors. Its backers appear confident: Jain adds that partnering with investors known for “customer-first” products (such as Lightspeed and Info Edge’s portfolio companies) is a vote of confidence in the startup’s inclusive fintech strategy.
Key Points:
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To build a daily savings platform aimed at India’s self-employed sector, Bachatt has raised $4 million in seed funding, backed jointly by Lightspeed and Info Edge.
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The startup was founded by experienced professionals from BCG, OYO, and Urban Company.
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The app lets users contribute as little as ₹51/day into mutual fund SIPs (ICICI Prudential, SBI).
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Founder Anugrah Jain highlights that Bachatt is “building for those who don’t have a payslip—but do have aspirations”.
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Funds will expand product offerings and customer reach; Bachatt targets 20–30M users in the next few years.