Mukund Jha (ex-Dunzo) is back, and his second act is moving at a velocity that makes quick-commerce look sluggish. Emergent, a “vibe-coding” platform that uses AI agents to build full-stack apps from natural language, has raised a $70M Series B at a $300M valuation. The round was co-led by Khosla Ventures and SoftBank Vision Fund 2 marking Masayoshi Son’s first fresh check into an Indian startup in nearly four years.
The metrics here are borderline unbelievable: Emergent claims to have sprinted from $100k to $50M ARR in just seven months, with 5 million users globally. While skepticism is healthy for such vertical acceleration, the capital injection confirms that the “Text-to-App” war is the new “Text-to-Image.” Unlike Cursor (which helps devs code faster), Emergent targets the non-technical “idea guy,” promising to replace the $50k dev shop with a $50/month subscription.
For founders, the signal is twofold: First, the “AI Engineer” thesis is graduating from tools to replacements. Second, SoftBank’s return signals that the growth-stage freeze in India might finally be thawing provided you have AI in your pitch deck and wildly aggressive traction.