Summary
India's fintech sector continues to draw venture capital at a brisk pace, with four startups — Bachatt, NexEdge, TBX and CreditWise — all in advanced stages of raising fresh rounds. Bachatt (micro-savings) is raising ~$30M from Northpoint Capital and Prosus; NexEdge (UHNW wealth) ~$25M from Elev8 and Mirae; TBX (banking infrastructure) ~$35M from Unbound; and CreditWise (consumer finance) $15-20M from Claypond Capital. All four are back in the market roughly a year after founding or last fundraise.
Key Facts
- Bachatt: ~$30M (Rs 280 crore) round; Northpoint leads ($12-15M), Prosus ($10-12M), existing backers Lightspeed, Accel, Info Edge Ventures
- Bachatt valued at $120-150M (up from ~$50M); founded 2025 by Anugrah Jain, Ankur Jhavery, Mayank Agarwal
- Bachatt targets next 300 million users: kirana shopkeepers, jewellery retailers, auto dealers; savings from Rs 100 in debt mutual funds
- NexEdge: ~$25M (Rs 190-230 crore) from Elev8 Venture Partners and Mirae Asset Ventures; valued $220-250M
- NexEdge founded by Anirudha Taparia (ex-360 One WAM co-CEO, ex-Citibank); UHNW wealth management
- TBX (formerly TransBnk): ~$35M (Rs 330 crore) from Unbound and others; valued ~$400M (up from $100M Aug 2025)
- TBX: corporate banking/payments infrastructure; founded 2022; O3 Capital running the mandate
- CreditWise Capital: $15-20M (Rs 140-190 crore) from Ranjan Pai's Claypond Capital and others
- CreditWise: two-wheeler loans, loans against property, SaaS licensing to NBFCs; Rs 645 crore AUM (Mar 2025)
- Indian wealthtech startups raised over $200M across 12 institutional rounds recently (TheKredible)
- Prosus had been seeking micro-savings exposure; was close to a deal with gold savings app Jar (fell through over valuation)
Why It Matters
The simultaneous fundraises across micro-savings, UHNW wealth, banking infrastructure and consumer lending underscore the enduring appeal of India's fintech sector even as investors remain selective elsewhere. The deals show capital flowing to both ends of the market — from Bachatt's next-300-million-user micro-savings to NexEdge's ultra-high-net-worth wealth management — and to the infrastructure layer (TBX). Global investors like Prosus, Northpoint and Mirae are deepening India exposure, reflecting confidence in the country's digital financial services growth.