Emergent raises $23 million in Series A round led by Lightspeed
25 Sep 2025, 02:46 PMThe funding round saw participation from Together Fund, Y Combinator, Prosus Ventures, and angel investors.
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Emergent, an AI-powered development platform, said it has raised $23 million in a Series A funding round led by Lightspeed.
The funding round saw participation from Together Fund, Y Combinator, Prosus Ventures, and angel investors, including Jeff Dean, Devendra Chaplot, and Balaji Srinivasan, it said in a statement.
The startup will use the fresh capital to expand its team, deepen research investments and scale the platform.
Emergent, which was founded by twin brothers Mukund Jha and Madhav Jha last year, allows non-technical users to create an app using prompts. The startup claims that it hit $15 million ARR (annual recurring revenue) in just three months.
Prior to Emergent, Mukund Jha was co-founder and CTO at Indian e-commerce and delivery startup Dunzo. Earlier he co-founded Wisdom.ly and Habet, and worked at Google. Madhav Jha previously worked at Dropbox, Sigma and Amazon, among others.
“My brother and I built Emergent to equip anyone with an idea and a phone to create software affordably,” said Mukund Jha, co-founder and CEO, Emergent.
Emergent had previously raised $7 million in seed round from Y Combinator and Together Fund.
Earlier this week, another Indian AI-powered app development platform Rocket.new raised $15 million in seed funding co-led by Salesforce Ventures and Accel.
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