Ankur Jhavery (Bachatt)
Overview
Ankur Jhavery is an established entrepreneur and one of the co-founders of the fintech startup, Bachatt. Alongside his co-founders, Anugrah Jain and Mayank Agarwal, Ankur has played an instrumental role in establishing Bachatt as a pivotal entity within the Indian fintech industry. The company aims to democratize financial savings strategies for India’s significant self-employed population by providing innovative, user-friendly savings solutions. Before venturing into entrepreneurship with Bachatt, Ankur accumulated substantial experience in strategy and operations through key roles at renowned companies like OYO, where he significantly contributed to both national and international projects.
Recent Developments
- April 2025: Bachatt raised $4 million in seed funding, co-led by Lightspeed and Info Edge Ventures. The funding aims to facilitate the full-scale launch and accessibility of its daily savings app.
- April 2025: Ankur Jhavery announced Bachatt’s strategic focus on scaling its operations into India’s tier 2 and tier 3 cities, underscoring their commitment to expanding financial inclusivity for underbanked populations. Additional plans involve broadening their financial service offerings, such as introducing secure loans and savings-linked credit cards.
- 2024: Ankur played a pivotal role in Bachatt’s establishment in November 2024. The startup was created to address the substantial market gap for financial solutions tailored to non-salaried, self-employed individuals.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Ankur Jhavery |
| Nationality | Indian |
| Occupation | Co-Founder and Business Executive |
| Known For | Co-founding Bachatt and Strategic Roles at OYO |
| Education | Indian Institute of Management, Bangalore; Indian Institute of Technology, Kanpur |
Early Life and Education
Ankur Jhavery hails from a distinguished academic background, attending some of India’s premier educational institutions. He completed his engineering degree from the Indian Institute of Technology, Kanpur, from 2008 to 2013. His pursuit of education did not end there; he went on to the Indian Institute of Management, Bangalore, where he earned his Post Graduate Diploma in Management in 2017. This education laid a solid foundation for his future endeavors in business strategy and operations.
His formative years, marked by rigorous academics and extracurricular excellence, reflect a career focused on growth leadership and tech innovations. His tenure at institutions like Dalhousie University for a summer internship in Li Battery Chemistry further accentuated his analytical and technical skills, shaping him into a dynamic leader.
Career and Notable Achievements
Ankur Jhavery’s professional journey is adorned with significant roles and accomplishments across various industries. Prior to founding Bachatt:
- 2013-2015: He began his career at Flipkart as an operations analyst, honing his skills in managing and optimizing supply chain processes.
- 2017-2023: He later joined OYO, where he climbed up to the position of VP, Head of India Revenue and Demand, responsible for driving large-scale business transformations and expanding market shares in both local and international markets.
- 2024: As Head of New Categories at Pocket FM, he catalyzed major strategic initiatives entering new geographical and content spaces.
Current Work and Impact
Currently, as a co-founder of Bachatt, Ankur is concentrating on scaling the startup to serve millions of Indian self-employed individuals who are often underserved by traditional financial systems. The startup’s primary impact comes from empowering users through daily savings opportunities in a transparent and easily accessible manner. By prioritizing financial inclusivity and economic empowerment, Bachatt is rapidly gaining traction with India’s middle-income segment, potentially transforming the savings paradigm for non-salaried classes in the country.
Conclusion
Ankur Jhavery's role in conceptualizing and driving Bachatt marks a significant contribution to the Indian fintech landscape, particularly in the empowerment of the self-employed sector. His educational background and professional journey illustrate a strong legacy of strategic innovation and operational excellence. As Bachatt progresses with ambitious initiatives to expand its user base and service offerings, Ankur's leadership is expected to be a driving force in redefining financial inclusivity for millions of underserved individuals in India.