A New Wave in India’s Trading Ecosystem

India’s retail investing landscape is rapidly evolving, and Sahi is emerging as a strong contender in the new-age brokerage space. The Bengaluru-based startup has raised $33 million in a Series B funding round led by Accel, with participation from Elevation Capital. The latest round values the company at $200 million, marking a more than threefold jump from its previous valuation.

Founders with Strong Industry Background

Founded in 2023 by Dale Vaz and Manish Jain, Sahi officially began operations in January 2025. Leveraging their experience in technology and financial services, the founders aim to simplify trading for retail investors by combining intuitive design with advanced analytics.

Simplifying Trading with AI and Technology

Sahi’s core proposition lies in its AI-driven platform, designed to make trading more accessible and efficient. The company focuses on providing a clean, clutter-free user interface, fast execution, and professional-grade insights. With millions of investor accounts in India, many traders still struggle with complex decision-making processes. Sahi aims to bridge this gap by offering tools that enhance clarity and confidence in trading.

The platform currently supports futures and options (F&O) and cash trading, while also holding a research analyst license to provide investment advisory services. However, its primary focus remains on strengthening its transactional trading business.

Impressive Growth and User Adoption

Sahi has demonstrated rapid growth since its launch. Between April 2025 and March 2026, the platform recorded a 24-fold increase in trade volumes and a 19-fold rise in active traders. To date, it has executed over 130 million trades, with a significant majority occurring in the last financial year. Additionally, the platform has onboarded around 400,000 demat accounts, reflecting strong user adoption.

Competing in a Crowded Market

The Indian brokerage market is highly competitive, with established players like Zerodha, Groww, and Dhan dominating the space. Despite this, Sahi is differentiating itself through its AI-first approach and focus on user experience. By prioritizing efficiency and actionable insights, the startup aims to carve out a unique position in the market.

Future Growth and Expansion Plans

With the newly raised funds, Sahi plans to enhance its technology infrastructure, expand into additional trading categories, and grow its user base. The company is also investing in advanced AI capabilities to further improve trading outcomes for its users. As retail participation in India’s stock markets continues to rise, Sahi is well-positioned to capitalize on this trend.

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