Emergent, an Indian startup, focuses on a cutting-edge AI-backed “vibe-coding” platform. In fact, it recently closed on $70 million worth of its Series B funding round! This latest investment, which was jointly led by SoftBank’s Vision Fund 2 and Khosla Ventures, brings the company’s post-money valuation to $300 million. The funding represents an important turning point for Emergent. In a mere seven months since it was announced, that operation has since brought in a company-wowing total of $100 million.
Founded by Mukund Jha, Emergent is reinventing the way users interact with mobile app development through its revolutionary no-code platform. Fewer than four months ago, the young startup landed its own series A of $23 million. This funding was part of their Series A round. All the subsequent rounds of fundraising, just six months apart, are a testament to the unswerving investor confidence in Emergent’s vision and technology.
Our recently launched mobile app-building-as-a-service has seen some great traction so far, leading the charge with user-first adoption driven by need. Their platform takes the pain out of app development. It powers their no-code, AI-assisted application creation platform.
We continue to see massive demand across our top geographies — the U.S., Europe and India — and we’ll continue to expand deeper into these markets,” said Mukund Jha, highlighting the company’s growth strategy and its commitment to meeting expanding customer needs.
The competitive landscape for app development platforms continues to get more crowded. Emergent today is still struggling to compete against big names such as Lovable, Cursor, and Replit. Lovable is said to be on the track of a $150 million round at an eye-popping $2 billion post-money valuation. Cursor is on an acquisition spree to accelerate its data layering capabilities. Meanwhile, thanks to a $150 million annual revenue run rate, Replit is now valued at $3 billion.
Emergent lists hiring aggressively for a wide variety of functions in India and one additional unspecified country to support Emergent’s ambitious company growth plans. The organization has made a committed effort to grow its practice nationally. This expansion enhances its service capabilities in a quickly changing and highly competitive market.
Emergent’s rise aligns with broader trends in the startup ecosystem, where investors are increasingly backing innovative technology solutions aimed at simplifying complex processes. Accel’s other recent investment in a startup launched in India is Rocket. They ported in strong investor interest from their home region by leading a $15 million seed round.