Sahi Raises $33M in Series B Led by Accel
Sahi, a stock broking platform founded by former Swiggy CTO Dale Vaz and ex-Kotak Securities executive Manish Jain, has successfully raised $33 million in a Series B funding round. The round was led by existing investors Accel, with participation from Elevation Capital. This development is a significant milestone for Sahi as it plans to leverage the capital to enhance its technology and AI capabilities, expand its product offerings, and scale its user base.
Sahi’s Platform and Growth
Founded in 2023, Sahi has quickly established itself in the Indian stock broking sector. The platform has reported a 24x increase in trade volumes and a 19x growth in active traders from April 2025 to March 2026. With over 13 crore trades executed, more than 86% of these occurred in FY26 alone. Sahi has also onboarded approximately 4 lakh demat accounts. The company prides itself on having built its trading stack from the ground up, offering proprietary charting, order execution, and automation features. These tools aim to provide retail investors and traders with the same capabilities available to large financial institutions.
Context and Competition
The Indian stock trading market is burgeoning, with over 45 million active investor accounts. Despite this growth, many traders face challenges in making informed decisions due to complex interfaces and limited insights. Sahi aims to address these issues by offering a clean, clutter-free interface and professional-grade insights. The platform’s chart-native interface allows traders to analyze, decide, and execute trades seamlessly, setting it apart from competitors. The recent funding round highlights investor confidence in Sahi’s approach and the potential for further growth in the retail trading sector.
Implications for India’s Startup Ecosystem
Sahi’s successful funding round underscores the increasing interest in fintech startups within India. The rise of active retail trading is seen as a structural trend, and platforms like Sahi are well-positioned to capitalize on this shift. As an AI-native brokerage, Sahi is striving to set new standards in the industry, reflecting the broader ambition of India’s tech ecosystem to innovate and cater to evolving consumer needs. The influx of capital into fintech startups indicates a robust funding environment, encouraging further innovation and competition.
Looking Ahead
For founders, engineers, and investors in the fintech space, Sahi’s trajectory offers insights into the potential of leveraging technology to enhance user experience and streamline trading processes. As Sahi continues to expand its offerings and user base, stakeholders should watch how the platform integrates AI to further differentiate itself in a competitive market. This development could pave the way for more startups to explore similar innovations, potentially reshaping the landscape of stock broking in India.
