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

Sahi, a new stock trading application launched by the former Chief Technology Officer (CTO) of Swiggy, has raised $10.5 million in a new funding round. The round was co-led by the top-tier venture capital firms, Accel and Elevation Capital. Sahi aims to simplify the stock trading and investment process for retail investors, likely by using a user-friendly interface and providing educational tools. The strong backing from marquee investors like Accel and Elevation, even at an early stage, is a significant validation of the founder's vision and the potential of the platform. The funds will be used to build the product, acquire the necessary licenses, hire a team, and to launch the application in the highly competitive but rapidly growing market for online brokerage and investment services in India.