Sahi Secures $33 Million in Series B Funding

Sahi, a trading platform developed for performance-focused traders, recently announced that it has raised $33 million in a Series B funding round. This round was led by the venture capital firm Accel, with additional support from Elevation Capital. Accel Growth contributed approximately $20 million, while the remainder of the funding originated from existing investors. This round values Sahi at around $200 million.

Recent Funding Milestones

The latest funding comes less than a year after the Bengaluru-based company previously raised $10.5 million in a Series A funding led by Accel and Elevation in June of the prior year. Notably, the company’s valuation has surged over threefold from $60 million during its Series A round.

Investment Plans and Technological Advancements

Sahi intends to utilise this new capital to enhance its technology and AI infrastructure, broaden its product offerings to include new trading categories, and increase its user base, as stated in a press release.

About Sahi

Founded in 2023 by Dale Vaz, a former CTO at Swiggy, alongside Manish Jain, an ex-executive at Kotak Securities, this Bengaluru-based startup commenced operations in January 2025. Sahi currently provides futures and options (F&O) as well as cash trading services. Additionally, it has obtained a research analyst licence for offering investment advisory services but remains primarily focused on transactional business rather than expanding into wealth management.

Growth and Market Position

Sahi has reported impressive growth, with trading volumes increasing by 24 times and the number of active traders rising 19 times from April 2025 to March 2026. The platform has facilitated over 13 crore trades, with 86% occurring in FY26, and has successfully onboarded nearly 4 lakh demat accounts, which significantly contributed to this funding round.

Competitive Edge in the Market

In a competitive landscape that includes established players such as Zerodha, Groww, and Dhan, Sahi is banking on its AI-driven capabilities to remain efficient and enhance trading results for its users. The company states that it boasts over 400,000 demat accounts and accounts for around 3% of daily trades, with its platform recently achieving over one million trades each day.

Stakeholder Information

At the time of the Series A funding, Elevation Capital and Accel each possessed a 20% ownership stake in Sahi, while co-founders Dale Vaz and Manish Jain held a combined 47.17%. The employee stock ownership plan (ESOP) constituted 12.41%, and Sriharsha Majety, co-founder and CEO of Swiggy, maintained a 0.10% stake in the enterprise.