Sahi, a fast-growing stock trading startup, has raised $33 million (around ₹300 crore) in its Series B funding round led by Accel India’s growth fund. Existing investor Elevation Capital also joined the round. With this fresh funding, the company’s valuation has jumped to nearly $200 million, almost three times higher than its previous valuation from 2025.
Founded in August 2023 by former Swiggy CTO Dale Vaz and former Kotak Securities executive Manish Jain, Sahi is focused on building a trading platform for active Futures & Options (F&O) traders. The startup plans to use the new funds to improve its technology and expand its financial services business.
The funding comes at a time when India’s online trading industry is facing stricter regulations and slower retail investor activity.
Founders Reduce Stake as Company Expands
To grow faster and compete with big players like Zerodha, Groww and Upstox, the founders of Sahi have reduced their ownership in the company. After the latest funding round, Dale Vaz and Manish Jain together hold around 38.5% stake in Sahi. Accel India has become the company’s biggest shareholder with nearly 29.6% ownership, while Elevation Capital owns close to 19.6%.
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Sahi also kept a part of its shares for employee stock options (ESOPs), which will help the startup attract and retain skilled employees during its growth phase.
Sahi Bets Big on AI and Low-Cost Trading
Sahi says its platform saw major growth between FY25 and FY26, including a sharp increase in trade volumes and active users. The company claims it now handles more than one million trades every day.
The startup is mainly targeting serious traders by offering AI-powered trading tools, faster charting systems, and advanced features for F&O trading. It also charges a flat ₹10 per executed order, which is lower than many competitors in the market.
At the same time, the company is still spending heavily to grow its user base. Financial filings showed that Sahi reported losses in its early stage despite limited operating revenue. Going forward, Sahi plans to expand into areas like commodities, mutual funds, margin trading, and other wealth management services.