Broking Platform Sahi Raises $10.5M Series A From Accel, Elevation Capital

Bengaluru-based trading platform Sahi has raised $10.5 million in a Series A funding round led by existing investors Accel and Elevation Capital. Founded by former Swiggy CTO Dale Vaz and Manish Jain in 2024, Sahi offers a proprietary, professional-grade trading platform that integrates analysis, execution, and post-trade management with a unique chart-first approach, supporting features like real-time Greeks, open interest, and technical indicators. The startup plans to use the fresh capital to enhance product capabilities with advanced automation tools, including no-code strategy builders and multi-leg options execution, aligned with SEBI's recent approval of algorithmic trading for retail investors. Since its December 2024 launch, Sahi has seen rapid growth with over 200,000 app downloads, a 50% month-over-month increase in active traders, and significant trading activity among users, all while maintaining brokerage fees roughly 50% lower than major competitors. The funding will also support scaling the team and expanding market reach across India to serve a growing user base. Co-founders Vaz and Jain emphasize their mission to level the playing field by providing efficient trading workflows that empower individual traders against institutional dominance.