Fintech startup Bachatt has secured $4 million (over INR 34 crore) in a seed funding round co-led by Lightspeed and Info Edge Ventures. While Lightspeed invested $2.8 million, Info Edge Ventures contributed $1 million, according to details exclusively reported by Inc42.
The round also drew support from industry leaders such as Urban Company cofounder Abhiraj Bhal, L&T Finance’s Sunil Prabhune, and OYO’s Abhinav Sinha and Maninder Gulati.
Founded in November 2024 by former BCG partner Anugrah Jain, ex-OYO executive Ankur Jhavery, and Mayank Agarwal from Urban Company, Bachatt is building a fintech platform tailored for self-employed individuals.
Its mobile app, currently in beta, helps users begin daily SIPs with investments starting as low as INR 51.
Bachatt has partnered with ICICI Prudential and SBI Mutual Fund to offer low-ticket investment options through UPI, targeting people earning between INR 30,000 and 70,000 per month.
The startup is registered with the Association of Mutual Funds in India (AMFI) as a mutual fund distributor.
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The fresh funds will be used to officially launch the app, expand the product suite, and scale operations.
Bachatt aims to reach 20–30 million users in the coming years by focusing on India’s vast self-employed and non-salaried population.
