Mochatrade raises $5.56 million for US stock perpetuals aimed at Indian traders
Indian trading startup Mochatrade has raised $5.56 million in total funding, according to The Block. The money will go to trading technology and customer growth.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to The Block, Mochatrade, a platform for Indian users, has raised $5.56 million in total funding. CoinFund led the seed round, with participation from Coinbase Ventures and Nicky Montana of Zero Knowledge Ventures. The proceeds will go toward trading technology and expanding the customer base.
The service lets users fund accounts in rupees via UPI and open leveraged contracts tied to Nvidia, Tesla and Apple shares, without owning the stocks themselves. The platform is in beta, with more than 20,000 people on its waitlist and a public launch expected in the coming weeks.
why it matters
For markets this is a small story, but it shows that new platforms are also serving Indian retail traders who want exposure to US stocks through derivatives. The product differs from offerings on Hyperliquid and Indian crypto exchanges by focusing on US equities rather than crypto.
tags
instruments
sources
- Y Combinator-backed Mochatrade raises $5.5 million to offer US stock perpetuals to Indian traders — The Block, 26 October 2026 at 17:55 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗