India, April 24 -- Recently launched fintech startup Bachatt has raised $4 Mn (over INR 34 Cr) in its seed funding round co-led by Lightspeed and Info Edge Ventures. While Lightspeed infused $2.8 Mn in the startup, $1 Mn was infused by the Sanjeev Bikhchandani-led VC firm.

The round also saw Urban Company cofounder Abhiraj Bhal, L&T Finance's Sunil Prabhune, OYO COO Abhinav Sinha and OYO CSO Maninder Gulati join the startup's cap table.

Bachatt's CEO and cofounder Anugrah Jain told Inc42 that the maiden funding round materialised at a pre-revenue stage. Bachatt will use the funds for full-fledged launch of its daily saving app, which is currently in Beta mode.

Founded in November 2024 by Jain (ex-BCG partner), Ankur Jhavery (ex-OYO) an...