Mochatrade has raised a total of 5.56 million US dollars in funding to support leverage trading of US stocks by users in India.

Mochatrade, a U.S. equities perpetual futures exchange backed by Y Combinator, announced on October 27 that it has raised a total of $5.56 million in funding: its seed round was led by CoinFund, with participation from Coinbase Ventures and others; its pre-seed round raised $690,000, supported jointly by Y Combinator and Pioneer Fund. Designed specifically for Indian traders, the platform enables direct INR deposits via UPI and offers leveraged trading—allowing users to go long or short on U.S. equities such as Nvidia, Tesla, and Apple—without holding physical shares or maintaining a U.S. brokerage account. The platform is currently in beta testing, with over 20,000 users on its waitlist, and plans to launch publicly within the coming weeks. Proceeds will be primarily allocated toward upgrading its trading infrastructure and scaling user acquisition. Its upcoming product roadmap includes U.S. equity options, expanded asset classes, and social trading features—though the company has explicitly ruled out token issuance at this stage. (The Block)