Sahi is in talks to raise $30 Mn to $35 Mn in its Series B funding round at a valuation of over $200 Mn, sources told Inc42
The startup’s existing investors Accel and Elevation Capital will double down on their investment, while the round will be led by a US-based VC firm
Sahi plans to use the capital to improve its technology stack, expand the platform’s reach and increase employee count.
Bengaluru-based trading platform Sahi is in talks to raise $30 Mn to $35 Mn in its Series B funding round at a valuation of over $200 Mn, sources told Inc42.
The startup declined to comment on Inc42’s queries on the funding round.
This comes six months after Sahi raised $10.5 Mn in its Series A funding round from Accel and Elevation Capital. Prior to that, it raised seed funding from the same investors in late-2023.
Founded by former Swiggy CTO Dale Vaz and former Kotak Securities executive Manish Jain, Sahi provides a mobile-first trading platform that aims to offer professional-grade trading tools for individual traders.
At present, Sahi offers futures and options and stocks trading options on its mobile and web platforms. It claims to offer single-screen trading experience, intuitive charts, and AI-driven insights. It charges INR 10 per transaction and does not charge account opening fees or annual maintenance fees.
On its website, the platform claims that it has crossed 1 Mn downloads.
Notably, demat accounts in India grew to 192 Mn in FY25 from 41 Mn in FY20, recording a five-year CAGR of 36%. With rising retail participation in the equity markets, investors are looking to back investment tech and wealth tech platforms to capitalise on the opportunities in the sector.
In October, stock trading platform Dhan’s parent Raise Financial Services raised $120 Mn (about INR 1,065 Cr) in its Series B funding round which valued the startup at over $1.2 Bn.
Earlier this month, investment advisory platform StockGro bagged $16.7 Mn in its Series B funding led by Param Capital founder Mukul Agrawal. Meanwhile, Groww made a stellar public market debut last month.
