Sahi, the broking platform built for performance-driven traders, has raised $33 million Series B funding round led by Accel with participation from Elevation Capital. The
The latest raise from Accel’s dedicated growth fund comes less than a year after its Series A.
Founded by Dale Vaz and Manish Jain in August 2023, Sahi is an NSE and BSE registered broker, Sahi competes with the likes of Mumbai-based Dhan, listed stock broker Groww and Bengaluru-based Zerodha.
Since launch, Sahi has built its entire trading stack including proprietary charting, order execution, and automation features for risk management that have resonated strongly with active derivatives traders.
The platform has seen 24x increase in trade volumes, and 19x growth in active traders (April 2025 to March 2026). The platform has seen over 13 crore trades executed, of which over 86% came in FY26 alone. The platform has also onboarded 4 lakh demat accounts, setting the stage for this round.
Dale Vaz, Co-founder and CEO, said: “India has over 45 million active investor accounts, but most active traders and investors still struggle with the complexity and effort of making informed decisions. We built Sahi because we believe retail investors and traders deserve more — clean and clutter-free UI, fast execution, professional-grade insights, and a platform that helps them trade with confidence and clarity. This round lets us go deeper on that bet.”
Manasi Shah, Principal at Accel said “The rise of active retail trading in India is structural, not cyclical and the platforms serving this community need to reflect that ambition. Sahi – an AI native brokerage – continues to raise the bar on building the best product for the customers and striving hard to give them an edge to win. Over the past year, Dale, Manish, and the team have demonstrated an impressive pace of product innovation. At Accel, we’re excited to deepen our partnership with them as they continue to shorten the time from insight to execution for traders across India.”
With stock market regulator SEBI cracking down on unchecked trading activities in the highly risky derivatives market, stock brokers across the spectrum have reported a major slowdown in business.
Zerodha, the largest stock broker in terms of revenues and profits, reported a 15-20 per cent impact on the business in the last financial year mainly due to the regulatory action on futures and options (F&O