Former Swiggy CTO Dale Vaz, Ex Kotak VP Manish Jain Launches Mobile Trading Platform Sahi 

Former CTO of Swiggy Dale Vaz and Manish Jain, ex-VP of Kotak Securities have launched a mobile trading platform called Sahi. The platform is designed for individual traders, who will be provided with professional-grade tools for navigating financial markets. 

The intent of the platform is to “create a more equitable landscape in the trading world.” Sahi is backed by investors such as Accel and Elevation Capital. The company has claimed in a statement that they aim to provide a solution for serious individual traders who aim to become better investors and traders. 

Speaking about the platform, Dale Vaz, Co-founder and CEO of Sahi said in a statement, “There has been an explosion of interest in active investing across segments like equity, F&O etc, and there is an emerging class of individual traders who are serious and passionate about this craft. We believe this segment of serious traders are fundamentally underserved, with a massive gap in the quality of tools and data available to them vs professional traders.” 

Manish Jain, Co-founder and CPO of Sahi added that the platform aims to mitigate the gap “for individual traders by offering tools and insights that match the sophistication of professional trading”.

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Speaking about Sahi, Vaas Bhaskar, Partner, Elevation Capital said that there is a gao with regards to tools and contextual information that is available to retail traders and professional traders. “Particularly in the mobile form factor, professional-grade tools and analytics have remained out of reach for many.  The result is a significant leap forward—Sahi empowers traders with professional-grade tools and insights, levelling the playing field and matching the performance of professional traders,” added Bhaskar.

Some of the features that will be offered by Sahi include AI driven market insights that will have AI powered market analysis. Additionally, the platform will have tools to encourage proactive risk control.

It will also have in-house charts and claims to have comprehensive market information as per a company statement. Some other mobile trading platforms existing in India includes Groww, Zerodha, Paytm Money and others. This comes at a time when the number of retail investors have been increasing in India. Just to give an example, a report by brokerage firm Motilal Oswal Financial Services indicates that the number of demat accounts in India increased to 175 million in September 2024. This was an addition of 4.4 million accounts during the month.