MochaTrade, a startup building a global trading platform focused on perpetual futures, has raised an undisclosed pre-seed round from Y Combinator and Pioneer Fund as part of Y Combinator’s Spring 2026 batch.
The company plans to use the funding to develop its core trading engine and risk infrastructure, complete regulatory and compliance requirements, and support its go-to-market strategy.
Founded by Utkarsh Sinha, Chetan Manda, and Parth Maheshwari, MochaTrade is building a mobile-first platform that offers leveraged exposure to global assets through perpetual futures contracts.
The platform aims to allow eligible users to trade assets such as Apple, Tesla, gold, and the S&P 500. By using perpetual futures, the platform enables continuous trading without expiry, along with real-time settlement, allowing users to redeploy their capital immediately after closing positions.
MochaTrade plans to initially launch in developing markets, depending on regulatory approvals and local compliance requirements.
The founding team brings experience across fintech and consumer technology. Utkarsh Sinha previously co-founded Martian Wallet, while Chetan Manda has worked with Sprinklr, and Parth Maheshwari has experience at Adobe and Navi.
With the growing interest in alternative trading instruments and global asset exposure, MochaTrade is aiming to simplify access to leveraged trading products through a mobile-first and user-friendly platform.
-By Shivani Solanki
