Former Swiggy Executive’s Trading Startup Bags $10.5 Mn

Sahi, a new trading and investment platform, has bagged $10.5 million in a seed funding round. The round was co-led by two of India's leading venture capital firms, Accel and Elevation Capital. The platform, founded by the former CTO of Swiggy, aims to simplify the investment journey for retail investors in India. The significant seed funding from top-tier investors is a strong endorsement of the founder's track record and the platform's potential to disrupt the wealth-tech space. The funds will be used for product development, building a team, and for obtaining the necessary regulatory approvals to launch its services. The entry of a new, well-funded player is set to increase the competition in the already crowded but fast-growing online brokerage market in India.