Indian FinTech startup Bachatt, a daily savings platform designed to support self-employed individuals, has raised $4m in seed funding.
The funding round was co-led by Lightspeed, which contributed $2.8m, and Info Edge Ventures, which invested $1m, according to a report from Tech in Asia.
Other participants included Urban Company co-founder Abhiraj Bhal, L&T Finance’s Sunil Prabhune, and OYO executives Abhinav Sinha and Maninder Gulati.
Founded in November 2024 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt offers users a platform to accumulate and grow their daily savings using trusted and preferred financial instruments. Through the Bachatt app, users can initiate daily SIPs (systematic investment plans) and steadily build their financial security.
Bachatt highlighted that it is backed by large institutional investors and CXOs from some of India’s most successful startups and financial institutions.
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