Latest news with #DaleVaz
Entrepreneur
8 hours ago
- Business
- Entrepreneur
Broking Platform Sahi Secures USD 10.5 Mn Series A from Accel and Elevation Capital
The funding will accelerate product enhancements, including advanced automation as SEBI opens algorithmic trading for retail users, market expansion, and team growth to support Sahi's growing trader base. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based new-age broking platform Sahi has raised USD 10.5 million in a Series A funding round from existing investors Accel and Elevation Capital. The funding will be directed toward enhancing product capabilities, particularly advanced automation features, expanding market reach, and growing the team to support a rapidly increasing user base. The capital infusion comes at a pivotal moment as SEBI's move to allow algorithmic trading for retail investors opens up new opportunities. Sahi plans to capitalise on this by building no-code strategy tools, multi-leg options execution, and refining its visual trading automation. The platform already supports features like auto trailing stop-loss and aims to introduce more powerful, intuitive tools in the coming months. Sahi was founded in 2023 by Dale Vaz, former CTO at Swiggy, and Manish Jain, former VP at Kotak Securities. Operating under Aaritya Broking Private Limited, the company is a registered broker with NSE and BSE. Since its December 2024 launch, Sahi has been on a mission to empower individual traders with professional-grade tools, combining AI-driven insights, high-speed execution, and a "chart-first" user interface. The platform integrates research, execution, and post-trade insights into a unified experience. Its proprietary chart engine enables single-screen trading with real-time Greeks, open interest data, and technical indicators. Since launch, Sahi claims to have gained significant traction with over 200,000 app downloads in under six months. More than 50% of users have placed 100+ trades, and 20% have crossed 500+ trades in this short time — a testament to the platform's appeal among active traders. Sahi also boasts 50% lower brokerage fees than major incumbents, made possible through lean operations and AI-driven product development. "The response validates our belief that individual traders deserve professional-grade tools without the complexity," said Dale Vaz and Manish Jain, Co-founders, in a joint statement. "This funding accelerates our mission to level the playing field for retail traders in a market dominated by institutions." Manasi Shah, VP at Accel, noted, "Sahi users are the most cutting-edge — they value speed, automation, and seamless experiences. We're excited to double down on our investment." Vaas Bhaskar, Partner at Elevation Capital, added, "Dale and Manish are reimagining the trading experience from the ground up. We're proud to continue backing their vision."
Time of India
13 hours ago
- Business
- Time of India
Stock-trading firm Sahi lands $10.5 million in a round led by Accel, Elevation Capital
Stock trading platform Sahi , founded by former Swiggy chief technology officer Dale Vaz and ex-Kotak Securities executive Manish Jain, has raised $10.5 million in a funding round led by Accel and Elevation Capital . The Bengaluru-based startup plans to use the capital to accelerate product innovation, especially in automation, as the Securities and Exchange Board of India (Sebi) moves to allow algorithmic trading for retail investors . Sahi also intends to scale its team and expand its reach across India to serve more active traders. As part of its roadmap, Sahi will roll out new automation tools, including visual no-code strategy builders and multi-leg options execution capabilities. The company is also set to launch its trading website this week, expanding beyond its existing mobile and desktop offerings. Earlier this year, Sebi cleared the way for retail participation in algorithmic trading, with the new rules taking effect from August 1, 2025. Currently, only institutional investors are permitted to use algorithms, which are automated programmes that execute trades based on pre-defined instructions. Live Events 'Sahi began with the intent of helping the individual investor. We focus on people interested in making their own financial decisions, both as investors and even as traders. The idea is to build this as a single, end-to-end product, which will cover the entire trader journey,' Vaz told ET. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Launched in December 2024, Sahi offers a chart-first interface with tools such as real-time Greeks, open interest tracking, technical indicators, and one-click trade execution. The platform leverages AI-driven insights to assist individual traders to make more informed decisions. The platform has seen over 200,000 app downloads and a 50% month-on-month growth in active traders. According to the company, over 20% of users have executed more than 500 trades within five months, while more than half have placed over 100 trades. Sahi also claims to charge about 50% lower brokerage than larger incumbents by leveraging a lean team structure and AI-powered infrastructure. The platform charges Rs 10 per trade, Vaz said. 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. As Accel, we are excited to double down on Sahi as part of our thesis that AI will disrupt consumer experiences across verticals.' While acknowledging some short-term impact from recent regulatory curbs on futures and options (F&O) trading, Vaz remains optimistic about long-term prospects. 'We are extremely bullish about the larger financialisation of the Indian wealth story that is playing out, and which will continue to play out in our belief over the next 5-10 years at least,' he said. "Existing tech-first brokers have solved customer access to markets really well; but as users and technology have both matured significantly, there is an opportunity to re-imagine the entire experience ground-up,' said Vaas Bhaskar, partner at Elevation Capital. '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.'
