Bachatt, the newly founded fintech startup, has raised $4 million (more than INR 34 crore) of seed capital for its seed funding round, co-led by top investors Lightspeed and Info Edge Ventures. During this funding round, Lightspeed invested $2.8 million, and Info Edge Ventures, founded by Sanjeev Bikhchandani, invested $1 million.

The funding round also saw significant investors such as Abhiraj Bhal, co-founder of Urban Company; Sunil Prabhune from L&T Finance; Abhinav Sinha, COO of OYO; and Maninder Gulati, CSO of OYO, join Bachatt's cap table, which further boosted the credibility and network of the startup.

Anugrah Jain, co-founder and CEO of Bachatt, told Inc42 that this first round of funding was raised at a pre-revenue stage, indicating the faith investors have in the vision and potential of the startup. The funds will be used for the large-scale launch of Bachatt's daily saving app, which is in beta testing currently.

Founded in November 2024, Bachatt was launched by a group of veteran professionals, including Jain, ex-partner at BCG; Ankur Jhavery, ex-OYO; and Mayank Agarwal, with experience in Urban Company..

The startup plans to offer innovative financial service solutions exclusively for independent earners.

Bachatt's app currently enables the users to invest in a daily Systematic Investment Plan (SIPs) so that they can invest small amounts on a daily basis. The mission of the startup is to enable people with a monthly income of INR 30,000 to INR 70,000 to make themselves financially better by saving INR 100 to INR 200 each day. In the future, Bachatt will grow its products by launching a larger number of financial products, continuing to help its users attain more financial milestones.