Accel Leads $12M Funding Round for Bachatt, Boosting Daily Savings for India's Self-Employed

Accel has led a $12 million funding round for Gurugram-based fintech startup Bachatt, targeting daily savings for self-employed Indians.

The investment marks a significant milestone for the recently launched app, which previously secured $4 million in seed funding.

From Seed to Scale: Bachatt's Rapid Growth

Founded in early 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt focuses on micro-savings solutions tailored for India's vast informal workforce.

The seed round was co-led by Lightspeed India and Info Edge Ventures, enabling initial product development and market entry.

This latest capital infusion will accelerate user acquisition and technological enhancements amid rising AI wealthtech trends.

Addressing India's Savings Gap

With over 400 million self-employed individuals in India facing low formal savings rates, Bachatt offers seamless daily deposit features via UPI.

The app competes with players like Jar and Gullak by leveraging AI for personalized saving goals and behavioral nudges.

Investors highlight the synergy of India Stack infrastructure and AI, promising lower costs and higher financial inclusion.

Future plans include introducing credit products and expanding into tier-2 and tier-3 cities for broader reach.

This funding underscores Accel's confidence in Bachatt's potential to disrupt the $100 billion+ digital savings market in India.