Anugrah Jain (Bachatt)

Overview

Anugrah Jain is a co-founder and the Chief Executive Officer (CEO) of Bachatt, a fintech startup that was established in 2024, in Delhi, India. Bachatt aims to redefine the savings landscape for self-employed and non-salaried individuals in India by providing an innovative platform for automated daily savings. With significant backing from prominent venture capital firms and industry veterans, Bachatt focuses on offering financial services tailored to match the variable cash flows typical of the target demographic. Anugrah Jain, a former partner at the Boston Consulting Group (BCG), leverages his extensive experience in financial services to lead the company.

Recent Developments

April 2025: Bachatt raised $4 million in seed funding co-led by Lightspeed Venture Partners and Info Edge Ventures. The funding will be used to launch the company’s app and increase customer acquisition. Participants in the funding round include notable figures such as Abhiraj Bhal, Sunil Prabhune, Abhinav Sinha, and Maninder Gulati.
November 2024: Bachatt was founded by Anugrah Jain along with Ankur Jhavery and Mayank Agarwal, leveraging their substantial expertise from former roles in companies like BCG, OYO, and Urban Company.
2025: The startup is planning a full rollout of its daily savings app, which facilitates automatic savings through UPI in ICICI and SBI Mutual Fund debt mutual funds.

Personal Information

Attribute	Information
Full Name	Anugrah Jain
Born	N/A
Nationality	Indian
Occupation	Entrepreneur, CEO of Bachatt
Known For	Co-founding Bachatt and fintech innovation
Education	MBA from IIM Ahmedabad, B. Tech from IIT Kanpur

Early Life and Education

Anugrah Jain was born in India. He attended the Campion School in Bhopal from grades four to twelve. Subsequently, Jain pursued a Bachelor of Technology degree in Electrical Engineering from the Indian Institute of Technology, Kanpur, graduating in 2012. Expanding his qualifications in business administration, he completed his MBA at the Indian Institute of Management Ahmedabad in 2014. During his academic pursuits, Anugrah gained analytical experience through summer analyst roles at Deutsche Bank and Goldman Sachs.

Career and Notable Achievements

After completing his education, Anugrah Jain joined the Boston Consulting Group, where he served as a partner for a decade, focusing on strategy and operations within the financial services sector. This role provided him with insights into the financial behaviors of India's non-salaried population. In 2024, Jain transitioned from consulting to entrepreneurship by co-founding Bachatt with the vision of transforming the financial savings habits of underserved self-employed individuals in India.

Bachatt Co-foundation: Spearheaded the creation of a daily savings platform aimed at financial inclusivity for self-employed Indians.
Strategic Alliances: Established key partnerships with ICICI Prudential and SBI Mutual Fund to offer trusted financial products to users.
Fundraising: Successfully raised $4 million in seed funding, facilitating the startup's aggressive growth plans.

Current Work and Impact

Anugrah Jain is currently focused on expanding Bachatt's reach and product offerings. His leadership and strategic decision-making aim to drive the startup towards becoming a cornerstone in the savings and investment ecosystem for India's underserved economic segments. The emphasis lies on customizing financial products that are congruent with the cash flows of those without regular salaries, ushering greater financial inclusion and empowerment for millions.

Conclusion

Anugrah Jain's endeavor with Bachatt underlines a significant paradigm shift in the financial services available to non-salaried and self-employed individuals in India. Under his leadership, the company not only targets to facilitate daily savings habits but also seeks to unlock broader financial opportunities through strategic partnerships and innovative product offerings. With a keen understanding of market needs and a robust backing from industry stalwarts, Bachatt—and Anugrah Jain by extension—poise to leave an indelible mark on the burgeoning Indian fintech landscape.

References

Note: This article has been synthesized from various reliable sources, maintaining factual accuracy and chronological integrity.