Dale Vaz, the former CTO of Swiggy, and Manish Jain, an ex-VP of Kotak Securities, have launched Sahi, a mobile trading platform aimed at equipping individual traders with professional-grade tools for data-driven trading, the firm said in a statement.
The platform seeks to simplify access to advanced trading insights, catering specifically to active investors and traders looking to make informed decisions. Backed by investors like Accel and Elevation Capital, Sahi positions itself as a tool to enhance trading confidence and foster greater equity in financial markets.
The announcement comes more than a year after the Swiggy top executive raised $7-10 million from Accel and Elevation Capital for his startup called Aaritya. Sahi is part of Aaritya.
“Sahi is for traders who have been in the market but are looking for more insightful, data-driven product…We believe the segment of serious traders are fundamentally underserved, with a massive gap in the quality of tools and data available to them vs professional traders. Sahi aims to eliminate that gap - with Sahi, every trade is well-informed, every decision feels intentional, and every trader feels in control,” Vaz told Moneycontrol.
Vaz resigned in April, as reported by Moneycontrol earlier and has been building his wealth-tech startup in stealth mode since April.
Vaz, who has over two decades of experience, joined Swiggy in July 2018 and quickly climbed the ranks to become the Chief Technology Officer (CTO) in February 2020. Prior to joining Swiggy, he spent more than 10 years at Amazon. Before his tenure at Amazon, Vaz worked for Infosys in the United States for six years, according to his LinkedIn profile.
Manish Jain, who is the co-founder and Chief Product Officer of Sahi, was previously the head of product at Fisdom. He also served as the Senior Vice President, Head Product and Digital Transformation at Kotak Securities.
“One of the key differentiators is the product experience. Some users we have piloted the app have seen significant difference in using Sahi and it will help in insightful trades for users,” Jain told.
Sahi promises to offer a proprietary trading system designed for performance, reliability, and security, alongside intuitive risk management tools integrated directly into charts.
“The platform provides real-time AI-driven market analysis to aid decision-making, along with features like market scanners, breaking news alerts, and detailed stock analysis. Users can also customize the interface with personalized settings and smart defaults, making it adaptable to individual trading styles,” Jain added.
Vaz said that the firm is well-capitalised and is not looking to raise funds.
“We recently raised funds from a slew of prominent investors. While we will raise later, now we are well-equipped and we are focussing on building the product and adding more users to the platform,” Vaz said.
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