New-age broking platform Sahi has raised $10.5 million in Series A funding. The round was led by its existing investors, Accel and Elevation Capital.
Sahi will use the new money to improve its platform by adding more automation. This fits well with SEBI’s plan to allow regular investors to use algorithmic trading. The company also wants to expand to new parts of India and hire more people to keep up with growing demand.
Sahi already offers helpful tools like automatic trailing stop-loss. Soon, it will add more features, including easy drag-and-drop tools to build trading strategies without code and tools for placing complex options trades.
Dale Vaz and Manish Jain founded Sahi. It works as a registered broker on India’s major stock exchanges, NSE and BSE, through a company called Aaritya Broking Private Limited.
Sahi has built its own fast and powerful trading platform. The goal is to give active traders in India access to advanced tools that were once only available to professionals.
Sahi focuses on a “chart-first” way of trading, which means it helps users go from analyzing the market to making trades quickly and easily. Its special chart system lets users place trades with just one click on the same screen. It also shows real-time data like Greeks, open interest, and technical indicators.
Sahi first launched as a mobile app, but now it’s also available on desktop to suit different types of traders.
In less than six months, Sahi’s app has been downloaded over 200,000 times. The number of active traders is growing quickly—by 50% every month. The company shared that more than 20% of users have made over 500 trades in just five months, and more than half have completed at least 100 trades during that time.
Sahi offers this functionality while maintaining brokerage fees at roughly half the rate of major competitors, it said in a statement.
“The response validates our belief that individual traders deserve professional-grade tools without the complexity,” said Dale Vaz, Co-founder and CEO, and Manish Jain, Co-founder and CPO, in a joint statement. “This funding accelerates our mission to level the playing field in a market where institutional players capture maximum trading profits.”
Manasi Shah, Vice President at Accel, said, “The future of trading globally is going to be disrupted by AI, and Sahi is racing ahead to be the best-in-class AI-led trading platform. The Sahi user is the most cutting edge, valuing speed, seamless experience and automation.”
“We believe that Dale and Manish are building with deep customer obsession and have built a never-before-seen broking experience, combining all parts of the trader’s journey—research, execution and post-trade,” added Vaas Bhaskar, Partner at Elevation Capital.
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