Trading platform Sahi has raised $33 Mn (around ₹312 Cr) in its Series B funding round led by Accel, with participation from Elevation Capital.
This comes months after Inc42 exclusively reported that Sahi was in talks to raise $30 Mn to $35 Mn in its Series B funding round at a valuation of over $200 Mn.
The Bengaluru-based startup plans to deploy the freshly raised capital to enhance its technology stack, expand its product suite for new trading categories, and scale its user base. Going ahead, Sahi also plans to foray into the wealthtech segment.
Founded by former Swiggy CTO Dale Vaz and former Kotak Securities executive Manish Jain, Sahi provides a mobile-first trading platform that aims to offer professional-grade trading tools for individual traders. It offers trading in stocks as well as futures and options on its mobile and web platforms.
The platform's proprietary chart engine offers one-click, single screen trading experience with real-time greeks, open interest, and technical indicators, helping traders analyse, decide, and execute without juggling between different tools.
The startup claimed to have achieved a 24X increase in trade volumes and 19X growth in active traders in FY26. It further claimed to serve more than 13 Cr traders, out of which more than 86% came in FY26 alone. Additionally, it has onboarded 4 Lakh demat accounts.
Prior to this, Sahi raised $10.5 Mn in its Series A funding round co-led by Accel and Elevation Capital to boost its product, including advanced automation for algorithmic trading, scale up market size and grow its workforce.
On the financial front, the startup recorded a revenue of ₹5.1 Lakh with a net loss of ₹3.5 Cr in FY25, as per Tofler.
Sahi competes with the likes of Zerodha's Kite, Groww, Dhan, Angel One, among others.
The development comes at a time when trading platforms are facing revenue pressure, as SEBI has tightened F&O regulations to protect retail investors by limiting weekly expiries to one per exchange, increasing lot sizes, making mandatory 50:50 cash-non-cash margin, and more.
In the early quarters of FY26, this impacted revenue and user count of the likes of Zerodha, Groww, among others. Despite this, the segment continues to see significant traction from investors.
Last year, Dhan raised $120 Mn in its Series B funding round and entered the unicorn club with a valuation of $1.2 Bn. The companies in the segments are also eyeing acquisitions to strengthen and expand their offerings.
Earlier this month, Dhan's parent acquired algo-trading platform Stratzy in a cash-and-stock deal to expand in the capital markets ecosystem. It is also in talks to snap up Bengaluru-based Infinyte Club to enter the broader wealthtech segment.
Listed broking platform Groww is also scaling up its wealthtech, asset management company (AMC) and consumer credit businesses after acquiring wealthtech platform Fisdom in late 2025.