Sahi Plans $30-35 Million to Expand Trading Platform and Technology
- Startup targets $30-35 million Series B funding at a valuation above $200 million
- Existing investors Accel and Elevation Capital to increase their stake, with a US-based VC leading the round
- Funds will be used to strengthen technology, broaden platform reach, and expand the team
Bengaluru-based trading platform Sahi is in advanced talks to raise $30-35 million in a Series B funding round at a valuation of over $200 million, according to sources familiar with the matter. The round is expected to be led by a US-based venture capital firm, with existing backers Accel and Elevation Capital planning to double down on their investments.
Sahi intends to use the fresh capital to strengthen its technology stack, expand platform reach, and grow its workforce as it looks to scale operations amid rising retail participation in India’s equity markets. The company declined to comment on the funding discussions.
This development comes six months after Sahi raised $10.5 million in a Series A round from Accel and Elevation Capital. The startup had also secured seed funding in late 2023 from the same investors.
Founded by former Swiggy CTO Dale Vaz and ex-Kotak Securities executive Manish Jain, Sahi offers a mobile-first trading platform designed to deliver professional-grade tools for individual traders. The platform supports stocks, futures, and options trading across mobile and web, and promotes a single-screen trading experience, intuitive charts, and AI-driven insights.
Sahi follows a low-cost pricing model, charging Rs 10 per transaction, with no account opening or annual maintenance fees. The company claims to have crossed one million downloads on its platform.
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India’s retail investing landscape continues to expand rapidly. Demat accounts rose to 192 million in FY25 from 41 million in FY20, reflecting a 36 percent CAGR over five years. This surge has fueled strong investor interest in investment and wealth-tech platforms.
Recent deals underscore the momentum, Raise Financial Services (Dhan) raised $120 million, StockGro secured $16.7 million, and Groww recently debuted in public markets.
