Sahi, a performance-focused brokerage platform, has raised $33 million in a Series B funding round led by Accel, with participation from Elevation Capital. This funding round comes less than a year after the company completed its Series A financing.
Founded in August 2023 by Dale Vaz and Manish Jain, Sahi is registered with both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). It competes with Mumbai-based Dhan, the publicly traded broker Groww, and Bengaluru-based Zerodha.
Since its launch, Sahi has developed an entire trading stack that includes proprietary charting, order execution, and automation features designed for risk management, appealing particularly to active derivatives traders. The platform has achieved a 24-fold increase in trading volumes and a 19-fold growth in active traders from April 2025 to March 2026. Over this period, more than 13 crore trades were executed, with over 86% occurring in fiscal year 2026. The platform has also registered 400,000 demat accounts, laying a strong foundation for this funding round.
Dale Vaz, Co-founder and CEO of Sahi, stated, “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, commented, “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.”
In light of recent regulatory actions by the Securities and Exchange Board of India (SEBI) targeting unchecked trading activities in the high-risk derivatives market, various stock brokers have reported significant business slowdowns. Zerodha, the largest stock broker by revenue and profit, indicated a 15-20% impact on its business over the last financial year largely due to regulatory actions regarding futures and options trading.
Published on April 29, 2026.
