Trading platform Mochatrade has raised $5.5 million in a seed funding round led by CoinFund, with participation from Coinbase Ventures, Zero Knowledge Ventures and other investors. Its previous backers include Y Combinator and Pioneer Fund.
The newly secured capital will be utilised to build its trading engine and risk infrastructure, while expanding its reach among active traders in India, Mochatrade said in a press release.
Founded in 2026 by Utkarsh Sinha, Parth Maheshwari and Chetan Manda, Mochatrade is a trading platform designed for Indian users. It combines UPI-based deposits and rupee-denominated balances with access to contracts tracking US stocks, indices and commodities.
The company said users can add funds to their accounts through UPI and track margins, or capital allocated to trades, along with profits and losses in rupees. The platform allows users to take long or short positions through perpetual futures contracts linked to US company prices, without requiring them to open a US brokerage account. These contracts do not have a fixed expiry date and do not provide ownership of the underlying shares. While leverage enables traders to take larger positions with relatively lower upfront capital, it also increases the potential for losses.
Through its Indian operating entity, Mochatrade is registered with the Financial Intelligence Unit India (FIU-IND) as a Virtual Digital Asset Service Provider and a reporting entity under anti-money laundering regulations.
The platform said it has received more than 25,000 waitlist registrations, although it is yet to disclose a public launch timeline. Interested users can sign up through its website to receive early access updates.
Mochatrade also intends to introduce contracts linked to select pre-IPO companies, US stock options and social trading features, subject to applicable regulations and approvals. According to the company, its markets are designed to provide continuous trading access and real-time settlement, depending on liquidity, asset availability and risk controls.
Trading platforms targeting Indian users with access to international financial markets are increasingly adopting UPI-based deposits, rupee-denominated balances and interfaces similar to those used by domestic futures and options (F&O) traders. These platforms offer exposure to contracts linked to US equities, market indices and commodities.
