Emergent, AI software creation platform, has raised $130 million in a Series C round led by Creaegis with participation from Claypond, Sentinel Global, Khosla Ventures, Lightspeed and Y Combinator participating.
Key Highlights
- Emerent has raised $130m in a Series C round led by private equity firm Creaegis to a $1.5bn valuation.
- The AI startup has achieved the unicorn status in under a year, the quickest in India.
The fresh round makes the company's valuation stand at $1.5 billion, which is a fivefold increase in the valuation in just four months. The new investment brings Emergent to be one of the fastest startups to become unicorns on the market, adding only a year to its public debut.
The funds raised will be allocated to scaling its AI software development platform, building a more standalone AI solution, and supporting its worldwide customer base.
Also Read: India Slips to Fourth in Hurun Global Unicorn Index 2026 Amid AI Boom
Mukund and Madhav Jha founded Emergent, a company that helps founders, entrepreneurs, and small businesses to create production-ready apps for the web and mobile without coding any of them. According to the company, more than 12 million applications have been built on its platform, with nearly 70% of users having no prior coding experience.
"The real impact of the AI revolution will be a complete democratization of who gets to build software and how much it costs," said Mukund Jha, co-founder and CEO, Emergent. "With Emergent, entrepreneurs and business owners can build and run the software their businesses need without depending on traditional engineering resources." The platform allows users to build products such as CRMs, ERPs, marketplaces, mobile applications, internal tools, and customer-facing software through AI agents.
In one year Emergent has raised $230 million on 3 rounds. In September 2025, the startup completed its Series A financing round raising $23 million, and then the Series B financing round raising $70 million in January 2026.
With this round, Emergent has become the third AI startup and the seventh overall startup to enter India's unicorn club in 2026, following KreditBee, Neysa, Juspay, Skyroot, Sarvam AI, and Square Yards. Last month, AI startup Sarvam AI raised $234 million in the first close of its $300 million Series B round at a post-money valuation of $1.5 billion.
