Premji Invest is in talks for a potential investment in vibe coding platform Emergent’s $250 million round that will value the company at $1.5 billion, a fivefold jump from the last round, according to people aware of discussions.
This comes barely three months after the company raised $70 million from Khosla Ventures and SoftBank, valuing it at $300 million. The conversation with Premji Invest started last week and it’s currently evaluating the firm, one of the persons said.
The ongoing round will see participation by Bengaluru-based investment firm Creaegis, which might co-lead the round with other investors.
“The talks are still on to decide the lead investors of the round and details are yet to be finalised,” the person said. The round will also see participation by existing investors. Premji Invest declined to comment. Emergent did not respond to queries.
Accel is also said to be in early talks to invest in the company. It wasn’t immediately available for comment. Westbridge Capital was in discussions last week, but those might not have progressed, said one of the people cited.
This comes barely three months after the company raised $70 million from Khosla Ventures and SoftBank, valuing it at $300 million. The conversation with Premji Invest started last week and it’s currently evaluating the firm, one of the persons said.
The ongoing round will see participation by Bengaluru-based investment firm Creaegis, which might co-lead the round with other investors.
“The talks are still on to decide the lead investors of the round and details are yet to be finalised,” the person said. The round will also see participation by existing investors. Premji Invest declined to comment. Emergent did not respond to queries.
Accel is also said to be in early talks to invest in the company. It wasn’t immediately available for comment. Westbridge Capital was in discussions last week, but those might not have progressed, said one of the people cited.
