Sahi Hits the Bullseye: Ex-Swiggy CTO’s Trading App Bags $10.5M from Accel, Elevation

 

Bengaluru-based stock broking platform Sahi, founded by former Swiggy CTO Dale Vaz and former Kotak Securities executive Manish Jain, has raised $10.5 million in a Series A round from Accel and Elevation Capital. The new fund will be utilized for scaling up product development, hiring, and Sahi's roll-out in India amid a scenario where India's regulatory environment is opening new opportunities for retail algorithmic trading.

 

Key Highlights:

 

AI-Powered Platform: Sahi offers a chart-first platform with real-time Greeks, open interest monitoring, technical analysis, and one-click trading at 50% reduced brokerage charges compared to the existing incumbents.

 

Rapid User Adoption: The app has crossed 200,000 downloads, and active users have grown 50% month on month; more than 20% of the users have made over 500 trades in five months.

 

Roadmap to Innovation: Features like no-code strategy builders and multi-leg options execution will be facilitated by funds as per SEBI's new guidelines permitting retail algorithmic trading from August 2025.

 

Web Expansion: Sahi's web trading site is launching, completing its desktop and mobile footprint.

 

Prospects: With a lean, AI-focused strategy and regulatory tailwinds, Sahi has the potential to democratize sophisticated trading tools for India's retail investors, paving the way for fast disruption in the fintech sphere.

 

Source: Entrackr