# Mochatrade

> Mochatrade is a New York-based neo-brokerage that lets Indian traders trade perpetual futures on 50+ US stocks (NVDA, TSLA, AAPL), pre-IPO names, indices, commodities and crypto with up to 50x leverage. Users fund in Indian Rupees via UPI, trade on a familiar terminal-style app running on Hyperliquid's onchain infrastructure with non-custodial wallets, and withdraw back to their bank accounts - no US brokerage account or foreign remittance required. Founded in 2026 by three IIT graduates and backed by Y Combinator (Spring 2026 batch) and Pioneer Fund.

- **Founded:** 2026
- **Headquarters:** New York, United States
- **Founders:** Utkarsh Sinha (Co-Founder & CEO), Chetan Manda (Co-Founder & CPO), Parth Maheshwari (Co-Founder & CTO)
- **Team size:** 4 (3 co-founders plus early team)
- **Products:** Mochatrade App, Onchain perps on Hyperliquid, UPI on/off-ramp, Pre-IPO and multi-asset access
- **Notable:** Accepted into Y Combinator's Spring 2026 (P26) batch, Raised pre-seed funding from Y Combinator and Pioneer Fund, Launched a platform offering 50+ US stock perpetuals with up to 50x leverage funded via UPI

## Products & services

- **Mochatrade App** — A terminal-style brokerage app where Indian traders deposit INR via UPI and trade perpetual futures on 50+ US stocks, indices, commodities and crypto with up to 50x leverage, then withdraw back to their bank accounts.
- **Onchain perps on Hyperliquid** — Non-custodial, sub-second-execution perpetual futures trading built on Hyperliquid's onchain infrastructure, giving deep liquidity and 24/7 settlement without users needing to manage crypto wallets directly.
- **UPI on/off-ramp** — Local-currency rails that let traders move rupees in and out to verified bank accounts, removing foreign remittance requirements.
- **Pre-IPO and multi-asset access** — Exposure to pre-IPO stock, indices and commodities alongside listed US equities and crypto within a single app.

## Achievements

- Accepted into Y Combinator's Spring 2026 (P26) batch
- Raised pre-seed funding from Y Combinator and Pioneer Fund
- Launched a platform offering 50+ US stock perpetuals with up to 50x leverage funded via UPI
- Founding team previously built a crypto wallet to 2M+ installs across 50+ countries, $2B+ in volume, and an acquisition

## Latest updates

- **2026-05** — Public launch via Y Combinator: US stock perps for Indian traders with up to 50x leverage.
- **2026-03** — Closed pre-seed funding from Y Combinator and Pioneer Fund.
- **2026-01** — Joined Y Combinator Spring 2026 (P26) batch.

## Links

- Website: https://mochatrade.com
- LinkedIn: https://www.linkedin.com/company/mochatrade
- Twitter/X: https://x.com/Mochatradeapp
- Instagram: https://www.instagram.com/mochatrade/

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Profile page: https://yespress.io/mochatrade-yc-p26
Published by YesPress — https://yespress.io
Last updated: 2026-07-30