Mochatrade, a US stock perpetuals platform for Indian traders, raised $4.87M in a seed round led by CoinFund with backing from Y Combinator and Coinbase Ventures.
VC & Fundraising ·
Mochatrade, a platform offering US stock perpetuals trading to Indian traders, closed a $4.87 million seed round led by CoinFund, with additional backing from Y Combinator, Coinbase Ventures, Pioneer Fund, Zero Knowledge Ventures, Zero Index, N1 Ventures, Blast, Neer Venture Partners, and RebelFund VC. The funding reflects investor appetite for derivative trading infrastructure tailored to emerging-market retail users.
The capital will likely support product development and user acquisition in India, where retail interest in US equities has grown alongside broader crypto adoption. Perpetuals—leveraged contracts that track an underlying asset without requiring ownership—have become a key onramp for retail traders seeking exposure to US stocks.
Details on product roadmap, current user base, and planned deployment timeline remain undisclosed. Mochatrade's ability to navigate India's regulatory stance on derivatives and crypto will be critical to scaling beyond this initial raise.