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

EntrackrEntrackr · 1m 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.

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

EntrackrEntrackr · 2d 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.

Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

EntrackrEntrackr · 10m ago
Exclusive: B2B robotics startup Haber raises $38 Mn in Series C
Medial

Industrial robotics maker Haber has raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. This new round materialized for the Pune-based company after a three-year gap. The board at Haber has passed a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the above sum, according to regulatory filings accessed by Entrackr. Creaegis led the round with Rs 200.35 crore, while Beenext and Accel participated with Rs 83.5 crore and Rs 33.4 crore, respectively. The investment will support the company’s expansion, growth, and other capital requirements. According to TheKredible, Haber’s post-allotment valuation is approximately Rs 1,242 crore ($148 million). Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $65 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others.

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