Indian software startup Emergent has secured $70 million in fresh funding as part of its Series B round, marking a major milestone just months after its previous raise. The round was led by SoftBank Vision Fund and Khosla Ventures, the company confirmed on Tuesday.
The latest funding comes barely four months after Emergent raised $23 million in its Series A round, backed by Lightspeed Venture Partners, Prosus, and other investors. Emergent had also received additional backing from Google’s AI Futures Fund in December, underscoring growing investor confidence in its technology-led approach.
Strong Investor Line-Up, Valuation Undisclosed
Apart from SoftBank and Khosla Ventures, the Series B round also saw participation from existing backers including Prosus, Lightspeed, Together Fund, and Y Combinator. The company, however, did not disclose the valuation at which the round was closed.
The investment is notable as it marks SoftBank’s first major investment in a new Indian startup in over three years. In recent times, the fund has largely focused on follow-on rounds to protect existing stakes rather than making fresh bets.
Rapid Growth Since Launch
Emergent claims impressive early traction. According to the company, it has already crossed 5 million users and achieved $50 million in annual recurring revenue within just seven months of launch — a pace that has clearly caught the attention of global investors.
Vinod Khosla, founder of Khosla Ventures, said Emergent is helping redefine how software is built and monetized over the next decade, pointing to strong word-of-mouth adoption among users as a key signal.
Expansion Plans in India and the U.S.
Emergent co-founder and CEO Mukund Jha, who earlier founded the now-defunct hyperlocal delivery startup Dunzo, said the new funds will be used to scale research and engineering teams in San Francisco and Bengaluru.
Jha added that a significant portion of the capital will go toward building new products and advancing research into AI-powered coding agents. He noted growing interest from users who want to build full-fledged businesses on top of applications created through Emergent’s platform.
According to him, the “democratization of software building” is emerging as a massive global trend, with more individuals and small teams looking to create, scale, and monetize apps without traditional development barriers.
Final Words
Emergent’s rapid rise, combined with heavyweight backing from SoftBank and Khosla Ventures, signals renewed global interest in Indian software startups — especially those operating at the intersection of AI, automation, and product creation. With aggressive expansion plans and strong early revenue, all eyes will be on how the company scales from here.
