MochaTrade raises pre-seed funding from Y Combinator, Pioneer Fund
- ByStartupStory | May 6, 2026
MochaTrade, a global trading platform focused on perpetual futures linked to US stocks, commodities, and indices, has raised an undisclosed pre-seed round from Y Combinator and Pioneer Fund as part of Y Combinator’s Spring 2026 batch.
The funds will be used to build the trading engine and risk infrastructure, complete regulatory and compliance work, and support go-to-market efforts.
Founded by Utkarsh Sinha, Chetan Manda, and Parth Maheshwari, the startup is building a mobile-first platform that aims to offer eligible users leveraged exposure to assets such as Apple, Tesla, gold, and the S&P 500 through perpetual futures products.
Its platform is designed to enable continuous trading and real-time settlement, allowing users to redeploy capital immediately after positions are closed.
MochaTrade plans to launch first in developing markets, subject to regulatory approvals and local laws.
The founding team previously worked across fintech and consumer technology firms. Utkarsh Sinha earlier co-founded Martian Wallet, while Chetan Manda previously worked at Sprinklr and Parth Maheshwari worked at Adobe and Navi.
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