Rocket.new, one of India's first vibe-coding startups, snags $15M from Accel, Salesforce Ventures

TechCrunch
TechCrunch
3M ago
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Indian startup Rocket.new raises $15 million to enhance its AI-powered app development platform, aiming for significant growth in the coming year.
Rocket.new, one of India's first vibe-coding startups, snags $15M from Accel, Salesforce Ventures
A 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.

Key insights

  • 1

    Rapid User Growth: Rocket.new has gained over 400,000 users in just three months.

  • 2

    Diverse Application Development: Users are creating a wide range of applications, from e-commerce to mental health.

  • 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.

Topics

Technology & Innovation Artificial Intelligence