NowPurchase has raised nearly $8.5 million (Rs 80 crore) led by Bajaj Finserv, while Bachatt has raised $12 million in its Series A round of funding led by Accel.
Bajaj Finserv leads $8.5m funding in NowPurchase
NowPurchase, an AI-enabled B2B platform that helps metal manufacturers optimise production and procure raw materials, on Wednesday announced that it has raised nearly $8.5 million (Rs 80 crores) led by Bajaj Finserv.
The funding also saw participation from existing investors InfoEdge Ventures and Orios Venture Partners, the company said in a statement. The round was also joined by prominent individual investors and family offices including Shikhar Raj, Real Ispat Group, Madhur Gupta (Promoter & Director of Lloyds Group), VC Grid, and Professor Kartik Hosanagar.
With the latest infusion, NowPurchase has raised approximately $14.46 million in total equity funding to date.
The newly raised capital will be deployed to accelerate key growth initiatives, with NowPurchase focusing on strengthening its core offerings such as scrap recycling, expanding its portfolio of branded products, and scaling its AI-powered platform, MetalCloud.
NowPurchase, founded in 2017 by Naman Shah and Aakash Shah, with an initial investment of $300,000 from Nipha Group, offers an AI-enabled procurement solution that helps metal manufacturers source high-quality raw materials such as scrap, alloys, and additives in a transparent and reliable manner.
Accel anchors $12m funding in Bachatt
Savings platform Bachatt has raised $12 million in its Series A round of funding led by Accel. The round also saw participation from existing investors Lightspeed and Info Edge Ventures.
The startup will use the capital proceeds to expand user acquisition efforts and introduce new AI-powered wealth and credit products, it said in a statement.
Founded in 2025 by Anugrah Jain, Ankur Jhavery, and Mayank Agarwal, Bachatt is designed to cater to merchants and self-employed individuals by offering customised savings solutions.
The platform allows users to invest in debt mutual funds with a minimum investment of just Rs 100. It collaborates with leading asset management companies such as SBI, ICICI, and Axis to provide these offerings. Notable features include flexible deposits, the ability to pause investments, and instant withdrawals.
Since its launch in May 2025, Bachatt has grown rapidly, reaching over 3 million users.
