MochaTrade, a global trading platform focused on perpetual futures linked to US stocks, commodities, and indices, has raised an undisclosed pre-seed round from Y Combinator and Pioneer Fund as part of Y Combinator’s Spring 2026 batch.
The startup, founded by Utkarsh Sinha, Chetan Manda, and Parth Maheshwari, is building a mobile-first platform that would give eligible users leveraged exposure to assets including Apple, Tesla, gold, and the S&P 500 through perpetual futures products. The platform is designed to support continuous trading and real-time settlement, allowing users to redeploy capital immediately after closing positions.
MochaTrade plans to use the funding to build its trading engine and risk infrastructure, complete regulatory and compliance work, and support go-to-market efforts. The company intends to launch first in developing markets, subject to regulatory approvals and local laws.
The founding team brings backgrounds in fintech and consumer technology. Utkarsh Sinha previously co-founded Martian Wallet, Chetan Manda worked at Sprinklr, and Parth Maheshwari held roles at Adobe and Navi.
By targeting developing markets with mobile-first access to leveraged derivatives tied to major US assets, MochaTrade is positioning itself to reach retail investors in regions where such products have historically been difficult to access — though its rollout remains contingent on meeting regulatory requirements in each jurisdiction.
Source: Entrackr : Latest Posts