Dale Vaz’s stock trading app Sahi raises $33 Mn in Series B round
- ByStartupStory | April 30, 2026
Sahi, the broking platform built for performance-driven traders, today announced a $33 million Series B funding round led by venture capital fund Accel, with participation from Elevation Capital.
Accel Growth contributed about $20 million, while the remaining capital came from existing backers. The round values the company at around $200 million.
The fresh round has come within a year for the Bengaluru-based company, which raised $10.5 million led by Accel and Elevation in June last year. The valuation has jumped over 3x from $60 million during Series A.
Sahi will use the capital to deepen investment in its technology and AI stack, expand its product suite into new trading categories, and scale its user base, the company said in a press release.
Founded in 2023 by former Swiggy CTO Dale Vaz and ex-Kotak Securities executive Manish Jain, the Bengaluru-based startup began operations in January 2025. It currently offers futures and options (F&O) and cash trading services.
Sahi has also secured a research analyst licence to offer investment advisory services. However, it is currently focused on its transactional business rather than entering the broader wealth management segment.
The platform claims to have seen rapid growth, with trade volumes rising 24x and active traders increasing 19x between April 2025 and March 2026. It has executed over 13 crore trades, with 86% in FY26, and onboarded around 4 lakh demat accounts, supporting this funding round.
Operating in a competitive market with players such as Zerodha, Groww, and Dhan, the startup is betting on its AI-native capabilities to stay lean and improve trading outcomes for users. The company claims to have over 400,000 demat accounts and contributes around 3% of daily trades, with its platform recently crossing one million trades per day.
As of its Series A funding, Elevation Capital and Accel each held a 20% stake in the company, while co-founders Dale Vaz and Manish Jain collectively retained 47.17%. The ESOP pool accounted for 12.41%, and Swiggy co-founder and CEO Sriharsha Majety held a 0.10% stake in the company.
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