What is a Unicorn Startup? | A unicorn startup is a privately held company valued at over $1 billion. The term was coined in 2013 to represent the rarity of such ventures. India today ranks among the top countries in the world for the number of unicorns, driven by young and ambitious founders. (Image: Canva)
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CNBC TV1823-02-2026, 22:13

Emergent AI Hits $100M ARR in 8 Months, Revolutionizing App Building on Phones

  • Emergent, an AI app-building platform, achieved $100 million in annual run-rate revenue (ARR) in just eight months.
  • The company is democratizing software creation, allowing individuals and small businesses to build apps on mobile phones for $1,000-$5,000, a significant drop from traditional costs.
  • Founded by twin brothers Mukund and Madhav Jha in 2025, Emergent has garnered six million builders globally and seven million apps created.
  • The platform's mobile app-building feature, launched in beta, is already contributing 8-10% of overall revenue growth, attracting a new audience.
  • Emergent focuses on the application layer, enabling users to create functional software without coding, contrasting with companies building foundational AI models.

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