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Economic Times
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Image Credit: Economic Times
Stock-trading firm Sahi lands $10.5 million in a round led by Accel, Elevation Capital
- Stock trading platform Sahi, co-founded by Dale Vaz and Manish Jain, secures $10.5 million in a funding round led by Accel and Elevation Capital.
- The startup plans to enhance product innovation, especially in automation, in line with Sebi's move to allow algorithmic trading for retail investors.
- Sahi aims to expand its team and services across India to cater to more active traders.
- The company will introduce new automation tools like visual no-code strategy builders and multi-leg options execution capabilities.
- Sahi will launch its trading website this week, in addition to its existing mobile and desktop platforms.
- Sebi's new rules on algorithmic trading for retail participation will take effect from August 1, 2025.
- The platform prioritizes assisting individual traders to make informed decisions through AI-driven insights.
- Sahi has seen significant growth with over 200,000 app downloads and 50% month-on-month rise in active traders.
- The company claims to offer brokerage rates about 50% lower than established players and charges Rs 10 per trade.
- Accel's vice president Manasi Shah believes AI will disrupt trading globally, seeing Sahi as a leading AI-oriented platform.
- Despite recent regulatory impacts on F&O trading, Sahi remains optimistic about India's wealth financialization.
- Elevation Capital's Vaas Bhaskar praises Sahi for revolutionizing the broker experience with a comprehensive approach.
- Sahi focuses on building a seamless end-to-end product for individual investors and traders.
- The platform's roadmap includes further development of automation tools aligned with individual trader needs.
- Sahi aims to capitalize on the maturing user and technology landscape to reimagine the trading experience.
- The company's lean team structure and AI-powered infrastructure enable cost-effective trading services.
- Sahi emphasizes deep customer obsession in crafting a unique broking experience for traders.
- The platform's growth showcases a promising outlook for the financialization of Indian wealth in the coming years.
- Sahi aims to democratize trading by offering advanced tools and lower brokerage rates for retail investors.
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