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What happened
Rocket.new, an innovative Indian startup, has successfully raised $15 million in a seed funding round led by Salesforce Ventures, with participation from Accel and Together Fund. The startup's platform enables users to build complete, production-ready applications using natural-language prompts, distinguishing it from competitors like Lovable and Cursor. Since its beta launch in June, Rocket.new has attracted over 400,000 users, including 10,000 paid subscribers, and generated $4.5 million in annual recurring revenue. The company aims to increase this to $20–$25 million by year-end. Co-founder Vishal Virani emphasized the platform's capability to not only generate code but also assist in product development and competitive research. With a focus on serious applications, Rocket.new has seen a diverse range of projects, including e-commerce and fintech apps. The startup plans to expand its U.S. presence and enhance its technology to better serve its growing user base.
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Key insights
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1
Rapid User Growth
Rocket.new has gained over 400,000 users in just three months.
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2
Diverse Application Development
Users are creating a wide range of applications, from e-commerce to mental health.
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3
Significant Revenue Goals
The startup aims to scale its revenue to $20–$25 million by year-end.
Takeaways
Rocket.new's innovative approach positions it well for future growth in the competitive app development market.