Source-led article
Indian ‘Vibe Coding’ Startup Rocket Seeks Fresh Funding from Susquehanna International Group
Rocket, an Indian startup specializing in AI-powered “vibe coding,” is reportedly in advanced discussions with the US-based investment firm Susquehanna International Group (SIG) to secure a new round of funding. This development comes less than a year after the Surat-based company successfully closed a $15 million seed funding round.
The startup, founded in 2021 by Vishal Virani, Rahul Shingala, and Deepak Dhanak, has developed an AI-driven platform that enables users to create applications, websites, dashboards, and internal tools through natural language instructions. This approach aims to democratize app development by simplifying the coding process.
Funding Discussions Underway
Sources close to the matter informed Inc42 that Rocket has engaged in multiple rounds of talks with SIG for its Series A funding. The discussions are said to be progressing positively. The upcoming funding round is also expected to see participation from existing investors, including Salesforce Ventures and Accel, both of whom led Rocket’s previous seed round. While the exact size of the current funding round could not be independently confirmed, it signifies continued investor confidence in the AI coding sector.
Product Offerings and Market Traction
Rocket offers a range of subscription plans, starting with a free tier that includes 1 million tokens. Paid plans are available at $25, $50, and $100 per month, providing increased token limits, options for private projects, code downloads, and the ability to opt out of data training. The company recently expanded its offerings into the enterprise solutions segment in April, with its “Rocket 1.0” platform designed to assist businesses in building applications and conducting post-launch competitive analysis. This enterprise solution is also claimed to generate detailed documentation, including strategy, market dynamics, and competitive insights.
Rocket reports significant traction in the US market, which accounts for 26% of its total revenue. The European market contributes between 15-20%, while India represents 10% of its top line.
Growing Investor Interest in AI Coding
The pursuit of fresh capital by Rocket aligns with a broader trend of escalating investor interest in AI-powered coding platforms globally. These platforms are gaining rapid adoption due to their potential to streamline development processes and reduce time-to-market. Earlier this year, another Indian “vibe coding” startup, Emergent, co-founded by former Dunzo co-founder Mukund Jha, raised $70 million and is now reportedly seeking further funding at a unicorn valuation.
Globally, the AI coding space has seen significant activity, underscored by Elon Musk’s xAI acquiring Cursor for $15 billion. Beyond “vibe coding,” Indian AI startups overall have attracted substantial investment. According to Inc42’s ‘Annual Indian Startup Trends Report 2025,’ Indian AI startups collectively raised nearly $500 million across 63 deals in 2025, highlighting a robust investment landscape for artificial intelligence ventures in the country.
Key facts
| Feature | Detail |
|---|---|
| Company | Rocket (vibe coding startup) |
| Headquarters | Surat, India |
| Funding Stage | Series A (reportedly in talks) |
| Lead Investor (rumored) | Susquehanna International Group (SIG) |
| Product | AI-powered platform for building apps, websites, dashboards via natural language |
| Key Markets | US (26% revenue), Europe (15-20%), India (10%) |
This development underscores the increasing relevance of AI-driven development tools within the Indian tech ecosystem and globally. For Indian businesses and developers, platforms like Rocket offer accessible avenues for rapid prototyping and deployment, potentially lowering barriers to entry for digital transformation initiatives. The continued flow of investment into this sector suggests a strong belief in the long-term impact of AI on software development.