India, March 31 -- Fintech startup Bachatt has raised $12 Mn (Rs.112.6 Cr) in a Series A funding round led by Accel, with participation from existing investors Lightspeed and Info Edge Ventures.

The startup, which provides merchants and self-employed individuals a savings solutions platform, plans to use the fresh funds to scale its existing offerings and build new wealth and credit solutions for its user base of non-salaried individuals.

It also aims to achieve a user base of 3 Cr over the next 12-24 months.

"We want to be a trusted financial partner, for the large 30 Cr merchants and self-employed segment of the country. We want to build 5-6 financial solutions, specially curated & tailored for them. We started with a debt fixed inco...