Former Swiggy CTO’s trading app Sahi raises $33 million

Trading platform Sahi has raised $33 million in a Series B funding round led by Accel Global, with participation from existing investors Accel and Elevation Capital, as it looks to expand its product suite and scale its user base in an increasingly competitive discount broking industry.

The fundraise comes less than a year after its $10.5 million Series A and marks a sharp jump in valuation to about $200 million post-money, up from $60 million previously, co-founders Dale Vaz (former CTO of Swiggy) and Mahish Jain said in an interview.