Sahi, a stock trading platform, has raised $10.5 million in a Series A funding round led by existing investors Accel and Elevation Capital.
The fresh funds raised will be used to drive product development including advanced automation features as SEBI unlocks algorithmic trading for retail participants, market expansion to reach more active traders across India, and team scaling to support the growing user base. Current automation includes auto trailing stop-loss, with plans for visual no-code strategy builders and multi-leg options execution.
Founded in December 2024 by former Swiggy Chief Technology Officer Dale Vaz and ex-Kotak Securities Executive Manish Jain, Sahi offers a chart-first interface with tools such as real-time Greeks, open interest tracking, technical indicators, and one-click trade execution. The platform leverages AI-driven insights to assist individual traders in making more informed decisions.
The platform has seen over 200,000+ app downloads in under six months, with active traders growing at 50% month-over-month.
Sahi claims that it has over 20% of users have executed 500+ trades in just five months, while 50%+ of users have placed more than 100+ trades in this timeframe.
Sahi charges 50% lower brokerage fees than major incumbents, enabled by lean teams and extensive AI use in platform development.
In a joint statement, Dale Vaz, Co-founder and CEO, and Manish Jain, Co-founder and CPO, said, “The response validates our belief that individual traders deserve professional-grade tools without the complexity. We’re not incremental in our thinking by building another broking app. Instead, we are redefining the trading customer experience with faster, more efficient trading workflows that keep serious traders in flow state where peak performance happens. This funding accelerates our mission to level the playing field in a market where institutional players capture maximum trading profits.”
Manasi Shah, Vice President at Accel, said, “The future of trading globally is going to be disrupted by AI, and Sahi is racing ahead to be the best-in-class AI-led trading platform. The Sahi user is the most cutting edge – valuing speed, seamless experience and automation. As Accel, we are excited to double down on Sahi as part of our thesis that AI will disrupt consumer experiences across verticals.”
Vaas Bhaskar, Partner at Elevation Capital said, “Existing tech-first brokers have solved customer access to markets really well; but as users and technology have both matured significantly, there is an opportunity to re-imagine the entire experience ground-up. We believe that Dale and Manish are building with deep customer obsession and have built a never-before-seen broking experience, combining all parts of the trader’s journey – research, execution and post-trade. We are thrilled to continue to back them further in this journey.”
