Mochatrade Raises $5.5 Million in Seed Round Led by CoinFund
CoinFund led the seed round for the Y Combinator-backed trading platform for Indian users.
Key Takeaways
- Mochatrade raised $5.5 million in a seed round led by CoinFund.
- Coinbase Ventures and Zero Knowledge Ventures also took part.
- The company said the money will go to its trading engine, risk infrastructure and reach among active Indian traders.
- The company said its waitlist has crossed 25,000 sign-ups and no public launch date is announced.
- Mochatrade was founded in 2026 and is backed by Y Combinator.
Mochatrade has raised $5.5 million in a seed round led by CoinFund. The company, backed by Y Combinator, runs a trading platform for Indian users that offers contracts linked to US stocks, indices and commodities.
Coinbase Ventures and Zero Knowledge Ventures also took part in the round, among others. Mochatrade said it will use the money to build its trading engine and risk infrastructure and to reach more active Indian traders.
Mochatrade funding at a glance
| Detail | Mochatrade |
|---|---|
| Amount | $5.5 million |
| Round | Seed |
| Lead investor | CoinFund |
| Other investors | Coinbase Ventures, Zero Knowledge Ventures |
| Sector | Trading platform |
| Use of funds | Trading engine, risk infrastructure and reaching more active Indian traders (as stated by the company) |
How Mochatrade lets Indian users reach US-linked contracts
Mochatrade lets users fund their accounts through UPI and see their margins, profits and losses in rupees. Users can take long or short positions through perpetual futures contracts linked to the prices of US companies, without opening a US brokerage account.
These contracts have no fixed expiry, and users do not own the underlying shares. The company said leverage lets users take larger positions with less upfront money, but it also increases potential losses. The company said its markets are designed for continuous access and real-time settlement, subject to liquidity, asset availability and risk controls.
The founders behind Mochatrade
Mochatrade was founded by Utkarsh Sinha, Parth Maheshwari and Chetan Manda. Sinha is the chief executive. He earlier co-founded the crypto wallet Martian, which crossed 2 million installs. Maheshwari earlier worked on Photoshop for the web at Adobe, and Manda was a director of product at Sprinklr.
Mochatrade's registration and its waitlist
Through its Indian entity, Mochatrade is registered with the Financial Intelligence Unit India (FIU-IND) as a Virtual Digital Asset Service Provider and a reporting entity for anti-money laundering purposes.
The company said the platform's waitlist has crossed 25,000 sign-ups. The company has not announced a public launch date.
Mochatrade's journey so far
| When | Milestone |
|---|---|
| 2026 | Founded by Utkarsh Sinha, Parth Maheshwari and Chetan Manda |
| By October 2026 | Company says waitlist has crossed 25,000 sign-ups |
| October 2026 | Seed round of $5.5 million announced, led by CoinFund |
What Mochatrade says it plans to add
Mochatrade said it plans to introduce contracts linked to select pre-IPO companies, US stock options and social trading features, subject to applicable laws and regulatory approvals. It plans to earn money through trading fees.
Where Mochatrade stands after its seed round
Mochatrade was founded in 2026 and counts Y Combinator among its backers. The company said its waitlist has crossed 25,000 sign-ups, and it has not announced a public launch date. The company said the new funds will go into its trading engine, its risk infrastructure and its reach among active Indian traders.
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