Bengaluru-based stock trading platform Sahi officially announced a $33 million Series B funding round on Wednesday, April 29, 2026. The investment was led by Accel Growth, with significant participation from existing backers Elevation Capital and Accel India.
The fresh capital infusion has propelled Sahi’s valuation to $200 million, a 3x jump from its $60 million Series A valuation just a year ago.
1. Funding Breakdown & Backers
The round represents a major vote of confidence in the startup’s “AI-native” approach to the highly competitive Indian brokerage market.
- Lead Investor: Accel Growth contributed approximately $20 million of the total round.
- Supportive Bench: Existing investors Elevation Capital and Accel India provided the remaining $13 million.
- Founder Pedigree: Sahi was founded in 2023 by Dale Vaz (former CTO of Swiggy) and Manish Jain (former executive at Kotak Securities).
- Rapid Lifecycle: The company only began full operations in January 2025, reaching a $200 million valuation in just 16 months of active service.
2. Operational Explosive Growth (FY26)
The 3x valuation spike is backed by significant operational metrics achieved between April 2025 and March 2026.
| Metric | Growth / Achievement |
| Active Traders | ▲ 19x increase YoY |
| Trade Volume | ▲ 24x increase YoY |
| Demat Accounts | 400,000+ onboarded |
| Daily Activity | Crossed 1 million trades per day in April 2026 |
| Market Share | Currently handles ~3% of daily trades in India |
- Total Trades: Sahi has executed over 13 crore trades since inception, with 86% of that volume occurring in FY26 alone.
- Target Audience: Unlike mass-market apps like Groww, Sahi focuses specifically on performance-driven active traders, particularly in the High-Frequency Trading (HFT) and Futures & Options (F&O) segments.
3. Future Roadmap: AI & Product Expansion
Dale Vaz has stated that the Series B capital will be deployed to transition Sahi from a “discount broker” into a comprehensive “AI-native trading suite.”
- New Product Lines: The company plans to launch Margin Trade Funding (MTF), Commodity Trading, and Mutual Funds within the next 12 months.
- AI Integration: Significant investment will go toward the “AI stack” to provide traders with real-time risk-management nudges and automated technical analysis tools.
- Licensing: Sahi recently secured a Research Analyst license, allowing it to offer regulated investment advisory services directly within the app.
- Lean Operations: By using an AI-native backend, the company maintains a much leaner employee-to-user ratio than traditional incumbents like Zerodha or Angel One.