Sahi Raises $33M Series B to Scale AI-Driven Trading Platform

Dale Vaz and Manish Jain, Sahi Co-Founders

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.

How Fast Is Sahi Growing Since Launch?

Founded in 2023 by Dale Vaz (former Swiggy CTO) and Manish Jain (ex-Kotak Securities), Sahi officially launched in January 2025.

Its growth metrics indicate aggressive early traction:

Metric	Growth (Apr 2025 – Mar 2026)
Trade Volume	24x increase
Active Traders	19x increase
Total Trades Executed	130 million+ (13 crore)
FY26 Contribution	86% of total trades
Demat Accounts	~400,000 users
Daily Trades	1 million+ trades/day
Market Contribution	~3% of daily trades in India

These figures position Sahi among the fastest-scaling retail trading platforms in India’s $3–5 trillion daily equities derivatives ecosystem (2026 estimates).

What Products and Licenses Does Sahi Offer?

Sahi currently operates across core trading segments:

• Futures & Options (F&O) — India’s largest retail trading category
• Cash Equity Trading
• AI-powered trading tools and execution systems

The company has also secured a research analyst licence, enabling it to expand into advisory services. However, it remains focused on transaction-led revenue models rather than full-scale wealth management—at least in the near term.

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.

What’s Next for Sahi?

With a $200 million valuation (2026) and strong early traction, Sahi is entering a critical scale phase. The next milestones likely include:

• Expanding beyond India into regional markets
• Introducing AI-driven advisory layers
• Increasing market share beyond its current ~3% daily trade contribution

The company’s ability to compete with incumbents will depend on how effectively it converts AI capabilities into measurable trading performance gains.

 

 

FAQ

1. What is Sahi’s latest valuation?
Sahi is valued at approximately $200 million following its $33 million Series B funding round in 2026.

2. Who invested in Sahi’s Series B round?
The round was led by Accel, with participation from Elevation Capital and existing investors.

3. How fast is Sahi growing?
Between April 2025 and March 2026, Sahi reported 24x growth in trade volumes and 19x growth in active traders.

4. What services does Sahi offer?
Sahi provides futures & options trading, cash equity trading, and AI-powered trading tools, with plans to expand further.

5. How does Sahi compare to competitors?
Sahi competes with Zerodha, Groww, and Dhan, differentiating itself through AI-native trading infrastructure and automation.