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Mochatrade

US stock perps for global traders

Mochatrade lets global traders trade perpetual futures on US stocks with up to 20x leverage. Access 50+ US stocks including TSLA, NVDA, AAPL. Mocha is fully self-custodial and no US brokerage account is needed. Traders on-ramp in local currencies and get professional-grade execution on the world's most liquid equities. Starting with India (140M+ demat account holders), and expanding across other markets.
Active Founders
Parth Maheshwari
Parth Maheshwari
Founder
Cofounder and CTO at Mochatrade. Previously led engineering at the largest fintech lending startup in India, and was part of a small team who build Adobe Photoshop for the web. Graduated from IIT Guwahati in 2020
Chetan Manda
Chetan Manda
Founder
Co-Founder and CPO at Mochatrade. Previously Director of Product at Sprinklr(NYSE:CXM), Cofounder/CEO at Meadow(Synthetic-user testing platform acq. by YC company). HCI grad from IIT G
Utkarsh Sinha
Utkarsh Sinha
Founder
CoFounder and CEO at MochaTrade. Building US stock trading for the globe. Built Martian Wallet in my Columbia Dorm Room, that scaled to 2M+ installs, raised $3.5M, and got acquired. Studied MS in CS at Columbia, and EECS at IIT KGP.
Company Launches
Mochatrade - US stock perps for Indian traders with up to 50x leverage
See original launch post

TL;DR: Mochatrade lets Indians trade perpetual futures on US stocks (TSLA, NVDA, AAPL), Pre-ipo stocks(Cerebras, Anthropic, SpaceX), commodities(Oil, Gold, Silver) and crypto with up to 50x leverage. Deposit INR via UPI rails, trade and withdraw to your bank. 24/7 settlement and no Foreign Remittance required.

The problem: India is the largest retail derivatives market in the world with ~60% of global equity derivatives volumes (~$30Bn per day), eclipsing the US market. 140M+ Indians hold trading accounts. They want US stock exposure but have been locked out.

Today they have three bad options:

  • Hold US stock as spot through regulated brokers (Vested, INDmoney) with offshore bank accounts: $250K remittance cap, T+2 settlement, no leverage, no shorting, not 24/7, painful Tax handling
  • Offshore CFD shops: opaque pricing, sketchy custody, no INR rail, regulatory black hole
  • Crypto Exchanges such as CoinDCX which are catered towards crypto audiences. Majority of Indian daytraders don't understand 'crypto wallets' and 'gas fees'.

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None of them match what an Indian F&O trader actually does and wants - every day leveraged derivatives, in INR.

Promo: https://www.youtube.com/watch?v=YGTRcZ2tgRM

What we built: The trading terminal these users already know, run on perpetual futures:

  • 50+ US stock perps + pre-ipo stocks +commodities crypto + indices, up to 50x leverage. NVDA, TSLA, AAPL, META, GOOGL, SPY, plus BTC, ETH, SOL, plus index perps. One terminal, one balance.

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  • INR on-ramp and off-ramp via UPI. Withdraw to your KYC-verified bank in INR.

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  • Terminal-grade UI density built for serious traders. Fundamental Analysis for every stock, Advanced charts for Technical Analysis.

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  • Non-custodial wallets. Sub-second execution and deep liquidity, built on Hyperliquid.

  • Compliance: We're building it the right way. FIU-IND registration in flight, working with India's best law firm on regulatory architecture.

Who we are: Utkarsh (CEO), Chetan (CPO), Parth (CTO). IIT grads, close friends for 10 years. Previously built crypto wallet with 2M installs across 50+ countries, processing over $2Bn in volumes, successfully acquired by an exchange.

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Our ask:

  • F&O / perps traders: join the waitlist at www.mochatrade.com
  • Operators in Indian fintech, crypto, or trader communities - would love to chat
  • We're closing a seed round; warm intros welcome

Contact us at: founders@mochatrade.com

YC Photos
Mochatrade
Founded:2026
Batch:Spring 2026
Team Size:3
Status:
Active
Location:New York
Primary Partner:Harj Taggar