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 Points
- 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)
- Claypond Capital is an LP in Trident Growth Partners (CreditWise's prior backer), mirroring a co-investment strategy also used by ADIA and Sharrp Ventures