Sahi, a prominent stock trading platform, has secured over $43 million in funding to enhance its competitiveness against established players such as Zerodha, Groww, and Dhan. Within a year, the firm culminated its latest funding round with $33 million in a Series B investment from existing backers Accel India and Elevation Capital. This funding has come with its own conditions; while the company’s valuation increased over 3.5 times, the combined ownership of the founders has dipped below 40%.
To dissect the details surrounding the Bengaluru-based company’s latest Round B, Startup Superb meticulously examined regulatory filings, focusing on aspects such as the structure of the funding round, shareholding changes, and valuation metrics. Sahi operates under Aartiya Technologies Private Limited and has strategically allotted 42,860 Series B preference shares at a price of Rs 69,911 each, leading to a total raise of approximately Rs 300 crore or $33 million.
The Series B round saw Accel India leading the investment with Rs 240.6 crore ($26.5 million), thereby enlarging its stake in the firm. Meanwhile, Elevation Capital contributed Rs 59 crore ($6.5 million). Before this funding round, both venture capital firms maintained an equal stake of 20% in Sahi.
According to the company’s disclosures, its valuation has soared to Rs 1,816 crore (around $200 million) post-money, significantly up from Rs 514 crore during the previous Series A round. Following this fresh allotment, Accel India has emerged as the primary shareholder with a 29.58% stake, whereas Elevation Capital holds 19.58%. Meanwhile, co-founders Dale Vaz and Manish Jain continue to have a collective ownership of 38.5%. Additionally, the firm has established an ESOP pool constituting 12.02% of the capital, assessed at Rs 218 crore (about $24 million).
Founded in 2023 by Vaz and Jain, Sahi is tailored for fast and straightforward trading of stocks and options, featuring a user-friendly chart-based interface that provides real-time data, technical indicators, and one-click order execution. The platform claims to have onboarded approximately 4 lakh demat accounts, witnessing a remarkable 24-fold surge in trade volumes and a 19-fold increase in the number of active traders between April 2025 and March 2026, successfully executing over 13 crore trades during that timeline. According to data from the National Stock Exchange of India (NSE), as of February 2026, Sahi (Aaritya Broking Pvt Ltd) had around 1.10 lakh demat accounts.
Overall, the firm has raised close to $50 million to date, including a $10.5 million Series A round in June last year led by Accel and Elevation. For the financial year concluding in March 2025, the stock broking firm reported an operational revenue of merely Rs 5.14 lakh, along with an additional income of Rs 2.83 crore. The company recorded a net loss of Rs 19 crore during that period.
