Bachatt offers a digital platform for India's self-employed to build wealth through daily savings and investments. The app facilitates small, recurring contributions via UPI, providing transparent tracking and access to trusted financial instruments with 24x7 withdrawal capabilities.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals, particularly those in the self-employed segment, struggle with consistent wealth accumulation due to the lack of accessible and convenient daily savings tools. Traditional financial instruments often do not cater to the daily earning cycles of this demographic, leading to missed opportunities for consistent investment and wealth growth.
Solution
Bachatt provides a digital platform designed to facilitate daily savings and investment for the self-employed population in India. The application enables users to initiate savings with small, recurring daily contributions, leveraging UPI for seamless transactions. It offers transparency in tracking savings growth and provides access to trusted financial instruments, aiming to build financial discipline and long-term wealth. Users can also access their accumulated funds with 24x7 withdrawal capabilities.
Target Audience
The primary target audience is the self-employed segment in India, comprising individuals who earn daily and seek a structured approach to saving and investing.
Features
- Daily savings feature allowing users to contribute small amounts regularly.
- UPI integration for automated and convenient payment mandates.
- Real-time tracking of savings growth and investment performance.
- Access to investment in trusted financial instruments, including mutual funds and fixed deposits.
- 24x7 withdrawal facility for liquidity.
- AI-powered insights for personalized savings recommendations.
- Partnership with established financial institutions like SBI, ICICI, and HDFC for secure fund management.
- Credit information access through partnerships with credit bureaus for potential loan services.