Synopsis
Bengaluru's Sahi, a stock trading platform, has raised $33 million, valuing it at $200 million. The funds will fuel expansion into margin trade funding, commodities, and mutual funds. Founded in 2023, Sahi aims to disrupt the broking space, already boasting 400,000 demat accounts and processing 3% of daily trades. AI integration for client decision-making is also a key focus.Listen to this article in summarized format
While Accel Growth invested around $20 million, the rest came from the others, Sahi’s cofounder, Dale Vaz said, adding that after the funding, the Bengaluru-based company has achieved a valuation of $200 million.
ET had first reported on April 2 that this funding round was in the works.
Vaz told ET that the company will use the capital to build new products across margin trade funding, commodity trading and mutual funds.
The startup was founded in 2023 but began operations only in January 2025. It offers futures and options (F&O) and cash trading to investors.
“We will also invest in scaling our user acquisition, and that too will get a boost once we expand our product base,” Vaz said. He was previously the chief technical officer of food delivery platform Swiggy, which he left in 2023.
Vaz cofounded Sahi with Kotak Securities senior executive Manish Jain, with an aim to disrupt stockbroking and compete with the likes of Zerodha, Groww and Dhan.
Groww listed on the exchanges in 2025 and Dhan closed a $120 million round last October, which catapulted it to unicorn status.
Zerodha continues to be privately held by its founders.
Vaz said Sahi has also secured a research analyst’s licence to offer investment advisory. However, the company is only focussing on the transactional part of the business and not looking to get into the larger wealth management space, a sector seeing hectic activity from Dezerv, Groww and Angel One’s Ionic, among others.
“We are planning to launch the new product lines over the next one year, and at the same time, invest in AI to help our clients take better trading decisions,” Jain said.
The company has focussed on building AI-native capabilities in a bid to keep the firm lean and cost-efficient.
Operating in a tough macroeconomic environment, Sahi already has 400,000 demat accounts and constitutes 3% of the trades being punched every day. “Our platform recently touched a million trades a day,” Vaz said.
