Indian FinTech Startup Bachatt Raises $4M Seed Funding to Revolutionize Daily Savings Platform
In a significant move for the Indian FinTech sector, Bachatt, a daily savings platform tailored for self-employed individuals, has successfully secured $4 million in seed funding. This funding aims to enhance their innovative financial solutions aimed at empowering users to manage their savings effectively.
Funding Details of Bachatt
The recent funding round was co-led by two prominent investors: Lightspeed, which contributed $2.8 million, and Info Edge Ventures, which invested $1 million. Additional participants in this funding round included:
- Abhiraj Bhal, co-founder of Urban Company
- Sunil Prabhune from L&T Finance
- OYO executives Abhinav Sinha and Maninder Gulati
About Bachatt
Founded in November 2024 by visionaries Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt is designed to assist users in accumulating and growing their daily savings. By utilizing trusted financial instruments, the platform enables users to:
- Initiate daily SIPs (Systematic Investment Plans)
- Gradually build financial security
The Bachatt app aims to provide a user-friendly experience that promotes effective financial management.
Backing from Industry Leaders
Bachatt has garnered support from influential institutional investors and executives from some of India’s leading startups and financial institutions, showcasing its potential to revolutionize daily savings for self-employed individuals. With a focus on user empowerment and financial literacy, Bachatt is set to make a significant impact in the FinTech landscape.
For more information on the latest trends in FinTech, visit Finextra or explore our FinTech articles for deeper insights.
