Mochatrade raises $5.5M seed led by CoinFund
By Abha Lohia ·
MochaTrade: funding and every story →
- Mochatrade is a trading app for Indian users, letting them fund accounts through UPI and track margins and profits in rupees
- It raised $5.5 million in seed funding led by CoinFund, with Coinbase Ventures and Zero Knowledge Ventures also joining the round
- The money goes to the trading engine and risk systems; the waitlist has passed 25,000 sign-ups, but no public launch date is set
What happened
- Mochatrade raised $5.5 million in a seed round.
- CoinFund led, with Coinbase Ventures and Zero Knowledge Ventures joining.
- Earlier backers include Y Combinator and Pioneer Fund.
- Funds will build the trading engine and risk infrastructure.
- It also wants to reach more active Indian traders.
Why it matters
- Indian users get exposure to US stock prices without a US brokerage account.
- Rupee balances and UPI funding remove currency friction.
- Leverage can enlarge both gains and losses.
The business
- Trading platform for Indian users.
- Users fund accounts through UPI.
- Margins (money set aside for trades) and profit or loss show in rupees.
- Users go long or short through perpetual futures (contracts with no fixed expiry) tied to US stocks, indices and commodities.
- Users do not own the underlying shares.
- Its Indian arm is listed with the financial intelligence unit as a crypto-asset service provider.
The founders
Who put in money
- CoinFund Lead
- Coinbase Ventures Participant
- Zero Knowledge Ventures Participant
In numbers
25,000+Waitlist sign-ups · 2026
What happens next
- No public launch date announced yet.
Earlier rounds
- Earlier backing from Y Combinator and Pioneer Fund.
Terms in this story
- Seed round: Pre-seed and seed are the first money a startup raises from outside investors. The difference is mostly how much has been built when the cheque arrives: pre-seed backs an idea, seed backs an early product.
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