Mochatrade Raises $5.5 Mn To Build A US Stock Trading Platform For Indian Traders
The fintech startup, founded in 2026 by Utkarsh Sinha, Chetan Manda and Parth Maheshwari, offers perpetual futures and price-tracking contracts linked to US stocks, cryptocurrencies and commodities for Indian retail traders. The platform will use the capital to strengthen its trading engine and risk infrastructure while expanding its user base, which has already surpassed 25,000 sign-ups. It plans to support UPI funding and leverage trading, with plans to eventually monetize through trading fees and pre-IPO contracts.
Key points
- Seed round of $5.5 Mn led by CoinFund with Coinbase Ventures participation
- Platform enables Indian traders to trade US stock perpetual futures and leveraged contracts
- Over 25,000 waitlist sign-ups; supports UPI funding and INR balance tracking
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