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

As a sign of the demand, or hype, for AI startups, Upcomingan Indian startup building an AI “vibe-coding” platform has raised $70 million in less than four months after raising a $23 million Series A project.

The Series B round was co-led by SoftBank’s Vision Fund 2 and Khosla Ventures, and values ​​the startup at $300 million post-money, sources with knowledge of the deal told TechCrunch. The startup was previously valued at $100 million post-money, another source told TechCrunch.

Prosus, Lightspeed Venture Partners, Together and Y Combinator also participated. Emergent has now raised $100 million within seven months of launch.

The funding comes as Emergent claims $50 million in annual recurring revenue (ARR) and has more than 5 million users in more than 190 countries. The startup said it is targeting ARR of more than $100 million by April 2026.

Like other vibe coding platforms, Emergent uses AI agents to help users design, build, test, and deploy full-stack web and mobile apps. It targets entrepreneurs and small businesses who want to ship products without hiring large engineering teams.

“We continue to see tremendous demand in our top regions – the US, Europe and India – and we will continue to expand deeper into these markets,” founder Mukund Jha told TechCrunch, adding that the startup’s recently launched mobile app building service is seeing strong adoption.

Emergent says its headquarters are in San Francisco, but 70 of its 75 employees work from an office in Bengaluru. The startup is aggressively hiring in various roles in both countries, Jha said.

Emergent competes with brands like Lovable, Cursor, and Replit, all of which have grown into major companies within a few years of launch, as AI-assisted coding allows users to develop their own apps without requiring much programming knowledge or skills.

To its credit, Emergent has successfully tapped investor interest in such vibe coding platforms to fund itself. Accel also backed Rocket, another India-founded startup, in a $15 million seed round last year, along with Together Fund and Salesforce Ventures.

The deal is also notable because it marks SoftBank’s return to investing in India – the company previously backed Indian commerce startup ElasticRun almost four years ago.

Emergent says the new funding will be used to expand its team, accelerate product development and deepen its presence in key markets.