Mayank Agarwal (Bachatt)
Overview
Mayank Agarwal is a prominent Indian entrepreneur known for co-founding "Bachatt," a fintech startup that focuses on daily savings-led financial services. Born in India, Mayank's journey has been strongly tied to the tech and financial domains, as evidenced by his significant contributions to both sectors. He is an alumnus of the Indian Institute of Management Bangalore (IIM-B) and the Indian Institute of Technology Roorkee (IIT-R). His work at Bachatt is particularly noteworthy as it aims to democratize financial savings in India through an app that allows users to make daily savings, thereby building financial discipline.
Recent Developments
- April 2025: Bachatt, under Mayank Agarwal's leadership, secured $4 million (over INR 34 Cr) in a seed funding round from Lightspeed and Info Edge Ventures. The funds are aimed at the full-fledged launch of its daily savings app currently in Beta. The platform primarily aids individuals earning INR 30K-70K monthly, encouraging savings of INR 100-200 daily with the help of AI recommendations.
- February 2025: Following the app's Beta launch, Bachatt recorded rapid adoption, with over 2,500 early adopters signing up for the service, showcasing the market's keen interest in structured savings tools.
- December 2024: Mayank's leadership skills shone as Bachatt's app began integrating savings through UPI, partnered with trusted institutions like SBI and ICICI, ensuring credibility and security for its users.
- November 2024: Mayank co-founded Bachatt with Anugrah Jain and Ankur Jhavery. The platform aims to fill the void in daily savings options for a vast segment of India's population, particularly self-employed and non-salaried individuals.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Mayank Agarwal |
| Born | Not publicly available |
| Nationality | Indian |
| Occupation | Entrepreneur, Co-founder of Bachatt |
| Known For | Bachatt, Daily savings fintech startup |
| Education | IIT Roorkee (B.Tech), IIM Bangalore (MBA) |
Early Life and Education
Mayank Agarwal was born and raised in India, where he showed an early aptitude for technology and business. He pursued a Bachelor of Technology in Electrical, Electronics, and Communications Engineering from the prestigious Indian Institute of Technology, Roorkee. His interest in integrating technology with business applications led him to the Indian Institute of Management Bangalore, where he completed his MBA with a focus on Finance and Strategy. At IIM Bangalore, Mayank was recognized for his academic excellence, earning a place on the Director's Merit List, which placed him in the top 5% of his class.
Career and Notable Achievements
- Assistant Manager at ITC Limited (2012-2015): Mayank began his career in process excellence, managing quality controls and business process improvements.
- Consultant at Boston Consulting Group (2017-2021): His tenure at BCG saw him leading projects across various domains, adding strategic value through insights into financial services and operations.
- Director, Growth & Product at Urban Company (2021-2024): Mayank played a crucial role in growth strategy and customer loyalty programs.
- Co-founder of Bachatt (2024-present): Under his co-leadership, Bachatt was launched as a fintech startup focusing on daily savings. It offers innovative solutions like saving through UPI, with investments channeled into debt mutual funds.
Current Work and Impact
Currently, Mayank Agarwal is dedicated to his role at Bachatt, focusing on leveraging technology to spread financial literacy and ease of savings to India's vast self-employed sector. The impact of his work is significant because Bachatt offers a new way for Indians to engage in financial savings, which traditionally has been a challenge for many without access to sophisticated financial products. His work contributes to not just individuals' financial health but potentially to broader economic growth through financial inclusion.
Conclusion
Mayank Agarwal's journey from an IIT engineer to a fintech innovator highlights a trajectory marked by continuous learning and adaptation. His work with Bachatt exemplifies the intersection of technology and financial services, creating avenues for daily savings in a market hungry for practical financial solutions. Looking to the future, Bachatt, under Mayank's guidance, is poised to expand its reach and impact, potentially transforming financial savings habits across India.