India’s emerging fintech venture Bachatt has announced the successful closure of its $4 million seed funding round, co-led by Lightspeed Venture Partners and Info Edge Ventures. This milestone highlights the growing investor confidence in India’s next-gen fintech landscape.
Key Investors and Contributions
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Lightspeed led the round with a substantial contribution of $2.8 million
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Info Edge Ventures invested $1 million
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Additional investors include:
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Abhiraj Bhal (Co-founder, Urban Company)
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Sunil Prabhune (L&T Finance)
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Abhinav Sinha and Maninder Gulati (Executives at OYO)
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These strategic investors not only bring capital but also valuable experience in scaling high-growth ventures.
Founding Team and Vision
Established in November 2024, Bachatt was founded by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal. The founders bring a blend of fintech, tech, and entrepreneurial expertise aimed at simplifying personal finance for Indian users.
Utilization of Funds
Bachatt plans to leverage the newly raised capital to:
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Scale operations and user acquisition
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Expand product offerings in savings, investing, and financial management
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Strengthen technology infrastructure to offer seamless, user-centric experiences
Strategic Focus
Bachatt is committed to building inclusive financial tools tailored for India’s underserved and tech-savvy population. With this funding, the startup aims to bridge financial literacy gaps and empower users to make smarter money decisions.
The Road Ahead
With its robust backing and experienced leadership, Bachatt is poised to become a significant player in India’s fintech revolution. The seed funding sets the stage for further growth, innovation, and market disruption in the digital financial services ecosystem.