Choose Rich Live
Crypto News

Mochatrade secures fresh funding to bring US stock perpetuals to Indian traders

Y Combinator-backed Mochatrade has raised new capital to offer US stock perpetuals to Indian traders, with reports differing on whether the round reached $5.5 million or $6 million.

Mochatrade has secured new funding to expand access to US stock trading and perpetual contracts for traders in India. Reports vary on the exact size of the raise, with The Block and the Economic Times reporting $5.5 million, while Crypto Briefing reported the total at $6 million.[1][2][3][4]

The startup, which is backed by accelerator Y Combinator, is currently running its platform in beta. Co-founder Chetan Manda told The Block that the company plans to open Mochatrade to the public in the coming weeks.[2][4]

Key facts

  • Mochatrade raised funding to offer US stock perpetual contracts and trading access to Indian traders.
  • The Block and the Economic Times reported the round at $5.5 million, whereas Crypto Briefing reported $6 million.
  • The startup is backed by Y Combinator.
  • Mochatrade is currently in beta and plans to launch publicly in the coming weeks, according to co-founder Chetan Manda.

Sources · 4 sources

  1. ET

    Economic Times@EconomicTimesPost on X ·

    Mochatrade raises $5.5 million to bring US stock trading closer to Indian traders https://t.co/hXhSLG9PFJ

    Open source
  2. TB

    The BlockArticle ·

    Y Combinator-backed Mochatrade raises $5.5 million to offer US stock perpetuals to Indian traders The platform is in beta and plans to open to the public in the coming weeks, co-founder Chetan Manda told The Block.

    Open source
  3. CB

    Crypto BriefingArticle ·

    Mochatrade raises $6M to offer US stock perpetuals to Indian traders Mochatrade's innovative platform could democratize access to global financial markets for Indian traders, potentially reshaping investment dynamics. The post Mochatrade raises $6M to offer US stock perpetuals to Indian traders appeared first on Crypto Briefing .

    Open source
  4. TB

    The Block@TheBlockCoPost on X ·

    EXCLUSIVE: Y Combinator-backed Mochatrade raises $5.5 million to offer US stock perpetuals to Indian traders https://t.co/8G3PZnphLa

    Open source