Platform for trading in US stocks Mochatrade attracts $5.5 M led by CoinFund

Bengaluru- and New York-based Mochatrade has raised USD 5.5 million in a seed funding round led by CoinFund, with participation from Coinbase Ventures and Zero Knowledge Ventures. The company previously received backing from Y Combinator and Pioneer Fund.Founded this year by Utkarsh Sinha, Parth Maheshwari, and Chetan Manda, the firm operates a trading platform that enables Indian users to access contracts linked to US stocks, indices, and commodities. The platform uses UPI-based funding and allows users to maintain balances in INR.The firm intends to use the new capital to develop its trading engine and risk infrastructure, as well as expand its reach among active Indian traders.