Indian vibe-coding startup Emergent triples valuation to $300M with $70M fundraise

In another sign of the strong demand — and continued hype — surrounding AI startups, Emergent, an Indian company building an AI-powered “vibe-coding” platform, has raised $70 million less than four months after closing a $23 million Series A round.

The Series B financing was jointly led by SoftBank’s Vision Fund 2 and Khosla Ventures, and values the startup at $300 million on a post-money basis, according to sources familiar with the transaction. Emergent had previously been valued at $100 million post-money, another source said.

Additional investors in the round include Prosus, Lightspeed Venture Partners, Together, and Y Combinator. With this latest raise, Emergent has secured $100 million in just seven months since launching.

The funding comes as Emergent reports $50 million in annual recurring revenue (ARR) and more than 5 million users spanning over 190 countries. The startup aims to surpass $100 million in ARR by April 2026.

Like other vibe-coding platforms, Emergent relies on AI agents to help users design, build, test, and deploy full-stack web and mobile applications. The product is geared toward entrepreneurs and small businesses that want to launch software products without assembling large engineering teams.

“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,” founder Mukund Jha said, adding that Emergent’s recently launched mobile app–building service is already seeing strong adoption.

Emergent says it is headquartered in San Francisco, though the majority of its workforce is based in India. About 70 of the company’s 75 employees work from an office in Bengaluru, and the startup is hiring aggressively across roles in both countries, Jha said. Emergent competes with platforms such as Lovable, Cursor, and Replit, which have rapidly grown into large businesses over the past few years as AI-assisted coding tools make it easier for users to create applications with minimal traditional programming expertise.

Emergent has successfully capitalised on investor enthusiasm around vibe-coding platforms to fuel its growth. Accel, for example, backed Rocket — another Indian-founded startup — in a $15 million seed round last year alongside Together Fund and Salesforce Ventures.

The deal is also notable because it marks SoftBank’s return to investing in India. The firm last backed an Indian startup nearly four years ago, when it invested in commerce company ElasticRun.

Emergent says the new capital will be used to expand its team, accelerate product development, and strengthen its footprint in key global markets.