Bengaluru-based trading platform Sahi has successfully secured $33 million in its Series B funding round, spearheaded by venture capital firm Accel. The investment, which also saw participation from existing backer Elevation Capital, elevates the company's valuation to approximately $200 million. This fresh capital is earmarked for enhancing its technology, expanding its product offerings, and growing its user base.
Strategic Capital for Technological Advancement
Sahi intends to deploy the new funds to deepen its investment in its AI-driven technology stack and scale its operations significantly. Founded by former Swiggy CTO Dale Vaz and ex-Kotak Securities executive Manish Jain, the company aims to solidify its market position. The capital will also support the expansion of its product suite into new trading categories to attract a wider audience.
The platform provides a mobile-first solution for trading in stocks, futures, and options, catering to performance-driven individual traders. Its proprietary chart engine offers a streamlined, single-screen experience with real-time data and technical indicators. This design helps traders analyze market conditions and execute decisions efficiently without switching between multiple tools.
Impressive Growth in a Competitive Market
Since beginning operations in January 2025, Sahi has demonstrated remarkable growth, onboarding approximately 400,000 demat accounts. The company reported a 24-fold increase in trade volumes and a 19-fold rise in active traders during the last fiscal year. This rapid expansion underscores strong market adoption and user engagement with its platform.
The platform has processed over 130 million trades since its launch, with a staggering 86% of this volume occurring in the fiscal year 2026 alone. Sahi now handles over one million trades per day, contributing to roughly 3% of the market's total daily trades. This performance highlights the platform's robust infrastructure and its growing influence within the broking industry.
Navigating a Shifting Regulatory Landscape
Sahi's funding success comes at a time when the trading industry faces increased regulatory scrutiny from SEBI, particularly concerning futures and options. These new rules have created revenue pressure for established competitors like Zerodha, Groww, and Dhan. The startup is navigating this challenging environment by focusing on technological innovation and a lean operational model.
Despite the regulatory headwinds, investor interest in the Indian wealthtech sector remains strong, as evidenced by this funding round. The market continues to see significant activity, including major funding for competitors and strategic acquisitions aimed at consolidation. This dynamic landscape suggests continued opportunities for well-capitalized and innovative platforms to thrive.
This Series B funding round positions Sahi to accelerate its growth trajectory and enhance its competitive edge through technological superiority. With a clear strategy to innovate and scale, the company is well-equipped to navigate the evolving market dynamics. The investment from Accel and Elevation Capital signals strong confidence in Sahi's vision to redefine the trading experience for Indian investors.