Broking platform Sahi raises $10.5M in Series A funding from Accel, Elevation Capital

Sahi, a broking platform, has raised $10.5 million in a Series A round led by existing investors Accel and Elevation Capital. The funding follows its December 2024 launch.

The startup will use the funding to enhance product capabilities with advanced automation—aligned with SEBI’s move to open up algorithmic trading for retail investors—expand into new markets to reach more active traders across India, and grow the team to meet rising demand. Existing features include auto trailing stop-loss, with upcoming additions like visual no-code strategy builders and multi-leg options execution.

Founded by Dale Vaz and Manish Jain, Sahi operates as a registered broker on NSE and BSE through Aaritya Broking Private Limited. The company has developed an in-house, high-performance trading platform aimed at making professional-grade trading tools accessible to active traders.

Sahi takes a “chart-first” approach to trading, aiming to streamline the transition from analysis to execution. Its proprietary chart engine enables a one-click trading experience on a single screen, integrating real-time Greeks, open interest data, and technical indicators. Initially launched as a mobile app, the platform has since expanded to desktop to accommodate diverse trading preferences.

The platform has recorded over 200,000 app downloads in less than six months, with active trader numbers growing 50% month-on-month. The company noted more than 20% of users have completed over 500 trades within five months, while over half have executed at least 100 trades in the same period.

Sahi offers this functionality while maintaining brokerage fees at roughly half the rate of major competitors, it said in a statement.

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"The response validates our belief that individual traders deserve professional-grade tools without the complexity," said Dale Vaz, Co-founder and CEO, and Manish Jain, Co-founder and CPO, in a joint statement. "This funding accelerates our mission to level the playing field in a market where institutional players capture maximum trading profits."

Manasi Shah, Vice President at Accel, said, "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.”

"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," added Vaas Bhaskar, Partner at Elevation Capital.