Former Swiggy CTO’s stock trading app Sahi raises $10.5 Mn led by Accel and Elevation

Bengaluru-based stock trading platform Sahi has raised $10.5 million in a funding round led by Accel and Elevation Capital. 

The proceeds will be used to accelerate product innovation, scale its team, and deepen its presence across India.

Founded in December 2024 by former Swiggy CTO Dale Vaz and ex-Kotak Securities executive Manish Jain, Sahi offers a chart-first interface with features like real-time Greeks, open interest tracking, technical indicators, and one-click execution. 

With over 200,000 app downloads, the platform claims to have seen 50% monthly growth in active traders. According to the company, around 20% of users have executed over 500 trades in five months. Sahi charges Rs 10 per trade, roughly 50% less than larger incumbents with its AI-powered infrastructure and lean team.

Sahi plans to roll out new tools such as no-code strategy builders and multi-leg options execution, ahead of SEBI’s new rules enabling retail participation in algorithmic trading from August 1, 2025. Its trading website is also set to go live this week, adding to its mobile and desktop platforms.

Earlier in January last year, Vaz announced the launch of his new startup operated under Aaritya Technologies, which raised seed funding in September 2023. 

Vaz joined Swiggy as the head of engineering and data science in 2018, and became the group chief technology officer in early 2020. During his tenure, he managed technology for various Swiggy services, including Food, Instamart, Dineout, SuprDaily, Genie, Minis, Meat, and the alcohol delivery business. 

In April, amid a series of exits and broader restructuring ahead of its IPO, Vaz left Swiggy. Before joining Swiggy, Vaz served as the director of software engineering at Amazon India and started his career at Infosys.