Sahi, the innovative stock trading platform co-founded by former Swiggy Chief Technology Officer (CTO) Dale Vaz and ex-Kotak Securities executive Manish Jain, has successfully raised $10.5 million in a new funding round. The investment was co-led by prominent venture capital firms Accel and Elevation Capital, underscoring their confidence in Sahi's mission to democratize advanced trading tools for retail investors.

This fresh capital injection is primarily earmarked to accelerate product innovation, with a strong emphasis on automation. Sahi plans to roll out new automation tools, including intuitive visual no-code strategy builders and sophisticated multi-leg options execution capabilities. The company is also set to expand its reach beyond its mobile and desktop applications with the imminent launch of its trading website this week.

The timing of this fundraise is particularly significant, coinciding with the Securities and Exchange Board of India (SEBI)'s new rules set to take effect from August 1, 2025, which ease algorithmic trading for retail investors. This regulatory shift is expected to open up new avenues for growth in the Indian fintech sector, and Sahi appears well-positioned to capitalize on this evolving landscape.

Founded in 2023, Sahi aims to "level the playing field" for individual traders by providing them with professional-grade tools traditionally accessible only to institutional players. Both Dale Vaz and Manish Jain bring a wealth of experience to the venture; Vaz with his deep technical expertise from leading high-performing teams at Swiggy, and Jain with his extensive background in the financial markets from Kotak Securities. Their combined experience, coupled with their personal passion for active trading, forms the bedrock of Sahi's product philosophy.

Sahi's mobile trading terminal, launched in December 2024, offers a chart-first interface integrated with powerful tools such as real-time Greeks, open interest tracking, technical indicators, and one-click trade execution. The platform leverages AI-driven market insights to assist individual traders in making more informed decisions. The company boasts impressive early traction, having recorded over 200,000 app downloads in less than six months and experiencing a 50% month-on-month growth in active traders. Notably, over 20% of its users have completed more than 500 trades within five months, indicating high engagement.

Dale Vaz, Co-founder and CEO of Sahi, highlighted the company's vision, stating, "The response validates our belief that individual traders deserve professional-grade tools without the complexity. This funding accelerates our mission to level the playing field in a market where institutional players capture maximum trading profits."

Vaas Bhaskar, Partner at Elevation Capital, emphasized the deep customer obsession behind Sahi's development. "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," he remarked. Manasi Shah, Vice President at Accel, also added, "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 Sahi expands its offerings and reaches more active traders across India, its focus on AI-driven automation and a user-friendly experience positions it as a significant contender in India's burgeoning retail trading market, competing with established players like Zerodha and Groww. The company operates as a registered broker on NSE and BSE through Aaritya Broking Private Limited, ensuring regulatory compliance. This funding round is a strong validation of Sahi's disruptive potential in the fintech landscape.