🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

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

EntrackrEntrackr · 2m ago
Former Swiggy CTO’s stock trading app Sahi raises $10.5 Mn led by Accel and Elevation
Medial

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.

8

Related News

Exclusive: Dale Vaz’s stock trading app Sahi dilutes 40% stake after Series A

EntrackrEntrackr · 23d ago
Exclusive: Dale Vaz’s stock trading app Sahi dilutes 40% stake after Series A
Medial

Former Swiggy chief technology officer (CTO) Dale Vaz’s stock trading app Sahi recently raised $10.5 million or Rs 88.7 crore in its Series A round from Accel and Elevation Capital. While the company did not disclose key details such as valuation and dilution, Entrackr has analysed regulatory filings to uncover this information, including round-wise breakup and shareholding structure. The startup, which operates under Aartiya Technologies Private Limited, raised Rs 88.65 crore (around $10.5 million) through the allotment of 36,568 Series A compulsory convertible preference shares at an issue price of Rs 24,245 each, according to its filing with the Registrar of Companies (RoC). Accel India and Elevation Capital each invested Rs 44.3 crore (approximately $5.2 million each). According to Entrackr’s estimates, Sahi was valued at Rs 514 crore or $60.5 million post-allotment in the Series A. Following the latest allotment, Elevation Capital and Accel each hold a 20% stake in the company, while co-founders Dale Vaz and Manish Jain collectively retain 47.17%. The ESOP pool accounts for 12.41%, and notably, Swiggy co-founder and CEO Sriharsha Majety also holds a 0.10% stake in the company. Founded in 2023 by Dale Vaz and Manish Jain, Sahi is a trading platform for stocks and options, designed for fast and easy F&O trading. It offers a chart-based interface with real-time data, open interest, technical indicators, and one-click order execution. According to startup data intelligence platform TheKredible, Sahi has raised approximately Rs 146 crore (around $17 million) to date, including a Rs 56.5 crore seed round from Accel and Elevation in September 2023. Sahi operates as a registered broker on both NSE and BSE through Aartiya Broking Private Limited and had 12,632 active users as of June 2025, according to NSE data. In the fiscal year ended March 2024, Sahi reported no operating income but generated Rs 74 lakh in other income. The company posted a net loss of Rs 11.35 crore during the period.

Trading platform Trackk raises $1 Mn in seed round

EntrackrEntrackr · 17d ago
Trading platform Trackk raises $1 Mn in seed round
Medial

url: https://entrackr.com/snippets/trading-platform-trackk-raises-1-mn-in-seed-round-9652110 Content: Trackk, a new-age trading platform, has raised $1 million in seed round funding from prominent investors, including Mga Ventures, GSF Ventures, GNP Group, Paras Defence, along with leading family offices and angel investors. Prior to this, the Mumbai-based company had raised $100K in a pre-seed funding round from Maahavir Ventures. The fresh funds will be deployed in team building, technology and crafting a better user experience, Trackk said in a press release. The company has recently received approval from the Securities and Exchange Board of India (SEBI) to begin brokerage services on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Before securing this license, Trackk operated for over three years as an Authorised Person, acquiring more than 1.5 lakh registered users and facilitating over 6,000 trades daily — building a strong foundation of active traders and product insights. Co-founded in 2021 by Vedant Gupte, Aryan Jain, and Siddharth Thakkar, Trackk is a next-gen stock trading app that helps users discover stocks, trade from a single screen, and gain behavioural insights on their trading journey. “We believe the next generation deserves a seamless, technology-driven platform,” said Vedant Gupte, CEO at Trackk. “With our funding, SEBI approval, and strong leadership team, we are ready to bring a fresh, ambitious vision to India’s capital markets.” Trackk plans to launch its trading platform in the coming months, introducing a single-screen, intuitive trading experience designed for India's youth. Alongside this, the platform will offer personalised stock reports, data-backed portfolio ideas, and behavioural insights to help users make informed decisions and improve their trading habits over time. It primarily competes with other major companies in this space such as Groww and Zerodha.

Download the medial app to read full posts, comements and news.