- Emergent has become India's latest unicorn after raising $130 million in a Series C funding round, bringing its valuation to $1.5 billion.
- This funding round marks a five-fold jump in the company's valuation in just six months, indicating strong investor interest in artificial intelligence startups.
- With this round, Emergent's total funding has reached $230 million.
- The Series C round was led by Creaegis, with participation from new investors MNI Ventures-Claypond and Sentinel Global, along with existing backers like Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator.
- Earlier this year, Emergent raised $70 million in a Series B round at a $300 million valuation.
- The startup, founded in June 2025 by brothers Mukund Jha and Madhav Jha, serves more than 200,000 paying customers globally.
- Emergent has reached an annual revenue run rate (ARR) of $120 million, representing 70% growth in the past four months.
- The company plans to strengthen its presence in the United States by adding 30 to 40 employees to its San Francisco office by the end of the year.
Emergent, founded in June 2025 by brothers Mukund and Madhav Jha, has rapidly ascended in the tech landscape, raising $130 million in Series C funding, which values the company at $1.5 billion. This funding round, led by Creaegis, marks a remarkable five-fold increase in valuation within just six months, following a $70 million Series B round earlier this year at a $300 million valuation.145678
Emergent's platform is designed for non-technical users, particularly entrepreneurs and small businesses, allowing them to create applications without prior coding experience. The startup has reported an annual revenue run rate (ARR) of $120 million, reflecting a 70% growth in the past four months, and serves over 200,000 paying customers globally. Notably, North America and Europe each contribute about one-third of its revenue, while India accounts for approximately 8% to 9%.9
"Our thesis has always been to build a production-grade application for serious builders. You're basically getting an engineering team in a box," said Mukund Jha. The company plans to use the new capital to enhance product development and expand its workforce, particularly in the San Francisco office, where it aims to add 30 to 40 employees by year-end. Emergent's focus on democratizing software development positions it against competitors like Replit, as it aims to make application building accessible to those closest to the problems they seek to solve.10
Emergent's rapid growth and innovative approach highlight the increasing demand for AI solutions tailored to small businesses, marking a significant milestone in India's tech ecosystem.
“The Series C round was led by private equity firm Creaegis, with participation from Khosla Ventures and SoftBank Vision Fund 2. Emergent has reached an annual revenue run rate of $120 million, up 70% in four months, and serves over 200,000 paying customers.”
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