Emergent is backed by Together Fund.
Freshworks founder Girish Mathrubootham has also joined Emergent’s board as a representative of Together Fund, which he founded along with Garg, Shubham Gupta and Avinash Raghava in 2021. The AI- and software-focused investment firm was launched with a maiden fund of $85 million, which was followed by a $150 million vehicle in 2023.
At the AI startup, Garg will work closely with cofounders Mukund Jha and Madhav Jha on strategy, scaling, partnerships, governance and long-term building.
Emergent has become one of India’s fastest-growing startups, capitalising on the rise of “vibe coding”, a new approach to software creation where developers increasingly rely on AI tools to generate, iterate and manage code through natural language prompts.
“Over the last 18 months, I have spent considerable time with Mukund, Madhav and the broader Emergent team. What started as an investor relationship magnetically evolved into something deeper,” Garg wrote.
Together Fund, which focuses on backing AI-first startups from India, had first invested in the company in September 2024. It followed up by participating in Emergent’s $23 million round in September 2025 and a $70 million fundraising this January. The fund has also backed companies such as Composio, RapidClaims, and several emerging AI-native startups.
With Garg’s departure, the Bengaluru-based investment firm will witness the exit of its second cofounder after Raghava. Over the past year, Together Fund also saw principal Pratyush Choudhury leave to start his own VC firm, Activate, along with Haptik founder Aakrit Vaish.
Lured in by AI
Garg’s transition comes amid a growing conviction around AI reshaping businesses.
“AI is moving beyond software creation and towards business operation,” he said, adding that certain platform shifts are “too important to observe only from the sidelines”.
Garg had cofounded Eka Software Solutions (Quoreka) and SaaSBoomi, now AIBoomi.
Emergent was founded in 2024 and has raised total funding of about $100 million from investors such as Khosla Ventures, Prosus, Lightspeed Venture Partners, Y Combinator and SoftBank Vision Fund, aside from Together Fund.
The company, which competes with the likes of Lovable and Replit, now has an annualised run rate (ARR) of more than $100 million, founder and CEO Mukund Jha told ET.
On May 6, ET reported that Premji Invest was in talks for a potential investment in the vibe coding platform’s $250 million round, which would value it at $1.5 billion. That would be a fivefold jump in value from its last fundraising in January from Khosla Ventures and SoftBank, sources said.