India, July 15 -- It's raining unicorns this year. Less than a month after proptech startup Square Yards became the country's 131st unicorn, AI software creation platform Emergent has entered the coveted club of Indian unicorns. With this, it has become India's sixth unicorn of 2026 and the third homegrown AI startup to wear the crown after Krutrim and Sarvam.

Emergent has raised $130 Mn in its Series C funding round led by Creaegis, with MNI Ventures - Claypond Capital and Sentinel Global as co-lead investors. Khosla Ventures, SoftBank Vision Fund 2, Lightspeed and Y Combinator also participated in the round that catapulted its valuation to $1.5 Bn, taking the total funding to $230 Mn.

This is Emergent's third major funding round over ...