# Mochatrade

> Mochatrade is a centralized trading platform that gives users access to leveraged perpetual futures on U.S. stock prices, with INR deposits and withdrawals for its initial Indian market.

- Canonical URL: https://iq.wiki/wiki/mochatrade
- Categories: Exchanges & Marketplaces
- Tags: CEX
- Created: 2026-10-27T14:01:07.948Z
- Last updated: 2026-10-27T14:01:07.948Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Mochatrade** is an India-focused financial-services company and trading platform founded in 2026 that offers Indian users leveraged exposure to U.S. stock prices through perpetual futures funded and settled in rupees. 

The company’s co-founders are Utkarsh Sinha, Chetan Manda, and Parth Maheshwari; it is backed by Y Combinator, CoinFund, and [Coinbase Ventures](https://iq.wiki/wiki/coinbase-ventures).[\[1\]](#cite-id-tph3m52whu)​[\[2\]](#cite-id-nd5690sxca)​

Headquartered in New York City, Mochatrade has a team distributed across India and the United States. It has identified India as its initial market, with plans to expand elsewhere.[\[1\]](#cite-id-tph3m52whu)​

## Trading Platform

Mochatrade offers contracts it describes as perpetual futures on U.S. stocks. The contracts have no expiry and track stock prices, but do not represent ownership of the underlying shares or provide voting or governance rights. The platform says its stock tokens can be traded fractionally and around the clock, including weekends, rather than only during U.S. market hours.[\[3\]](#cite-id-pojn6r55v4)​[\[1\]](#cite-id-tph3m52whu)​

The platform advertises access to more than 50 U.S. stock tokens, including Tesla, Nvidia, and Apple. Mochatrade’s website advertises [leverage](https://iq.wiki/wiki/leverage) of up to 50×, while its company profile describes leverage of up to 20×. It says margin requirements and square-off information are shown before an order is confirmed. Trading tools include TradingView charts, company fundamentals, analyst consensus, and execution that the company describes as low-latency.[\[3\]](#cite-id-pojn6r55v4)​[\[1\]](#cite-id-tph3m52whu)​

The platform contrasts its contracts with direct U.S.-stock investing, which it says involves remitting rupees abroad and waiting for the transfer before purchasing actual shares. Mochatrade instead offers rupee-denominated, fractionalized price exposure with leverage, without requiring a U.S. brokerage account. 

## Rupee Funding and Access

Users deposit and withdraw through the Unified Payments Interface (UPI). Mochatrade says deposits arrive within seconds and withdrawals are processed the same day, with available balances withdrawable to a verified Indian bank account. It says deposits are received into an account at a regulated bank in India, and that deposits, profits, and losses are handled domestically in rupees rather than through cross-border transfers.[\[3\]](#cite-id-pojn6r55v4)​[\[1\]](#cite-id-tph3m52whu)​

Mochatrade says Indian residents aged 18 or older can open accounts after digital identity and eligibility checks. Its know-your-customer process requires a Permanent Account Number (PAN) and a government-issued identity document. The company has presented the service as avoiding U.S.-dollar wire transfers and forms associated with India’s Liberalised Remittance Scheme (LRS).[\[3\]](#cite-id-pojn6r55v4)​[\[1\]](#cite-id-tph3m52whu)​[\[2\]](#cite-id-nd5690sxca)​

In a June 16, 2026, post, Mochatrade said the service was in closed beta, with access opening gradually. The post described planned access to U.S. stock perpetuals, indices, and [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) through a single KYC process and wallet, alongside UPI deposits and withdrawals to Indian bank accounts.[\[1\]](#cite-id-tph3m52whu)​

## Regulation and Tax

Mochatrade is registered with India’s Financial Intelligence Unit as a Virtual Digital Asset Service Provider (VDASP), under registration number REID VA00049752. It characterizes its perpetual futures as virtual digital asset (VDA) derivatives and says they are legal to trade in India. The company also says the platform’s domestic rupee-based operation does not trigger FEMA or LRS compliance requirements at the user level because it involves no cross-border transfer.[\[3\]](#cite-id-pojn6r55v4)​

The company describes profits from trading on its platform as ordinary business income and says losses can be written off. It further says VDA derivatives are not subject to the flat 30% tax and 1% tax deducted at source applicable to some other VDA activity. Mochatrade’s in-app tax reports are described as including computed capital gains, a completed Schedule FA, and a tax summary; the platform advises users to consult a tax adviser for individual tax advice.[\[3\]](#cite-id-pojn6r55v4)​

## Organization and Team

Mochatrade is identified as a privately held company and as YC P26. 

Its co-founders are Utkarsh Sinha, chief executive officer; Chetan Manda, chief product officer; and Parth Maheshwari, chief technology officer.[\[1\]](#cite-id-tph3m52whu)​

The company has listed Subrata Dutta as global compliance head, Kislay Singh as growth and partnerships lead, Samkit Jain as head of systems, and Shamil Kayalmadathil as founding design engineer. In October 2026, Mochatrade announced that Dutta would lead compliance, legal, and regulatory work. The company cited his 24 years of experience in compliance, legal and regulatory affairs, and financial-crime compliance, including roles at Credit Suisse, Standard Chartered, Axis Bank, [Binance](https://iq.wiki/wiki/binance), and [CoinDCX](https://iq.wiki/wiki/coindcx). It also cited his experience with virtual-asset service-provider licensing, FIU-IND registration, the Travel Rule, and regulator engagement.[\[1\]](#cite-id-tph3m52whu)​

In October 2026, Mochatrade said Jain would lead backend-systems development, drawing on five years in fintech and prior work on trading systems at [Delta](https://iq.wiki/wiki/delta) Exchange and drone technology at FlytBase. The company also announced Rishank Sharma as founding systems developer, with responsibilities for the design, architecture, and development of U.S.-stock perpetuals, [options trading](https://iq.wiki/wiki/options-trading), and an internal matching engine. It cited Sharma’s previous experience at [CoinDCX](https://iq.wiki/wiki/coindcx), INDmoney, and Jupiter Money. 

The company named Yarramsetty Sanjeeva Sai Preetham as founding product engineer, citing three years at Navi and a six-month internship at Piramal.[\[1\]](#cite-id-tph3m52whu)​

## Student Competitions

In July 2026, Mochatrade announced Market Makers, a free online national case competition for teams of one to three. The competition had three rounds and a prize pool of up to Rs 15,000; a company post said more than 1,200 people had registered.[\[1\]](#cite-id-tph3m52whu)​

Mochatrade also announced Mochaverse, a national case competition held in collaboration with the Indian Institute of Management Bangalore. Its stages included an online quiz, a case-solution round, and live presentations at the institute’s campus. The company advertised free participation and cash prizes of up to Rs 50,000.[\[1\]](#cite-id-tph3m52whu)​