Emergent raises $300 million Series C at unicorn status

Emergent has raised $300 million in a Series C round that valued the Bengaluru-based company at $1.5 billion, making it India’s second artificial intelligence unicorn within a month after Sarvam reached the same valuation milestone. The round was led by Creaegis, with Claypond, Sentinel Global, Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator participating. Emergent, launched a year ago, said it built its platform for non-technical entrepreneurs and small business owners, with 70% of users having no prior coding experience, and that about 12 million apps were created on the platform in the last year. The fundraising adds to signs of faster AI experimentation in India, where researchers say enterprises are increasingly testing agentic AI tools and cloud-based computing services may help ease infrastructure constraints. Even so, India still trails leading AI markets because it lacks frontier-scale foundation models, domestic cutting-edge chip production and comparable data center capacity, leaving its near-term opportunity centered on building applications on top of foreign foundational models.