Sahi Raises $10.5 Million for Stock Trading Innovation
Bengaluru-based stock trading platform Sahi has successfully secured $10.5 million in a funding round led by Accel and Elevation Capital. The funds will be utilised to enhance product innovation, expand the team, and strengthen its foothold across India.
About Sahi
Established in December 2024 by Dale Vaz, the former CTO of Swiggy, and Manish Jain from Kotak Securities, Sahi offers a chart-first interface packed with features such as real-time Greeks, open interest tracking, technical indicators, and one-click execution.
Rapid Growth and User Engagement
With more than 200,000 downloads of its application, the platform boasts a remarkable 50% monthly increase in active traders. The company reports that approximately 20% of its users have completed over 500 trades within five months. Sahi charges Rs 10 for each trade, significantly lower than the fees charged by larger competitors, thanks to its AI-enhanced infrastructure and streamlined team.
Future Plans
Sahi is gearing up to introduce new tools, including no-code strategy builders and multi-leg options execution, aligning with SEBI’s upcoming regulations that will facilitate retail involvement in algorithmic trading starting August 1, 2025. Additionally, the trading website is set to launch this week, complementing its existing mobile and desktop platforms.
Background of Dale Vaz
Earlier in January last year, Dale Vaz announced the establishment of his new startup, operating under Aaritya Technologies, which successfully secured seed funding in September 2023. Vaz joined Swiggy as the head of engineering and data science in 2018 before advancing to group chief technology officer in early 2020. During his time at Swiggy, he oversaw the technology behind various services such as Food, Instamart, Dineout, SuprDaily, Genie, Minis, Meat, and the alcohol delivery sector.
Career Journey
In April, amid a wave of exits and restructuring in anticipation of its IPO, Vaz departed from Swiggy. Prior to his tenure at Swiggy, he held the role of director of software engineering at Amazon India, having started his career at Infosys.