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Google’s AI Futures Fund backs Mukund Jha’s Emergent

EntrackrEntrackr · 16d ago
Google’s AI Futures Fund backs Mukund Jha’s Emergent
Medial

Snippets Google’s AI Futures Fund backs Mukund Jha’s Emergent AI-led software creation startup Emergent has raised a strategic investment from Google AI Futures Fund. The funding is part of Google’s AI Futures Fund, launched in May 2025 to support early-stage AI companies with capital. The development comes soon after Emergent’s $23 million in Series A funding led by Lightspeed, with participation from Together Fund and others. The new funding will be used to speed up hiring, product development, and global expansion, Emergent said in a press release. It also plans to use Google’s AI infrastructure and models to improve agent performance, product reliability, and platform scale as demand grows across global markets. Emergent said that it is expanding its presence among freelancers, startups, and side-hustle founders who need fast software deployment without engineering teams. Founded in 2025 by Mukund Jha (former co-founder of Dunzo) and his brother Madhav Jha, Emergent allows users to convert ideas into production-grade applications using autonomous AI agents, removing the need for developers or technical co-founders. The platform targets entrepreneurs, small businesses, creators, and solo founders who want to build software without coding skills. The startup claims it has crossed 2.5 million users globally within five months of launch and has surpassed a $25 million annual recurring revenue (ARR) run rate.

Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn

EntrackrEntrackr · 1y ago
Nazara acquires 15.86% stake in e-sports startup Stan for $2.2 Mn
Medial

Gaming and sports media company Nazara has acquired a 15.86% stake in Stan, a blockchain-based e-sports fan engagement startup, for an aggregate cash consideration of up to $2.2 million. Last month, Nazara Technologies acquired Fusebox Games Limited, a UK-based gaming studio for Rs 228 crore ($27.2 million) in an all-cash transaction. The current acquisition strengthens Nazara’s position in the gaming and e-sports landscape, the company said in a stock exchange filing. Founded by Chadha, Rahul Singh, Nauman Mulla, and Shubham Gupta in 2022, Stan provides a web3-based platform for creators to build, monеtisе communitiеs and allow usеrs to engage with their favourite gaming creators or celebrities through digital collectibles, chat or audio rooms, and еxclusivе cеlеbrity communities. In January this year, Stan raised $2.7 million from Aptos Labs, Maelstrom Fund and others. In May 2022, the Bengaluru-based startup raised $2.5 million in its seed round led by General Catalyst and others. With a userbase of over 12 million, the startup claims to have a turnover of $1.8 million as of March 31, 2024. Nazara’s operating revenue fell 6.06% to Rs 250 crore in Q1 FY25 from Rs 266.2 crore in Q4 FY24. E-sports formed 52.73% of the company’s total operating revenue whereas the gaming segment had a share of 37.11% followed by ad tech which accounted for 10.26% of the topline. In the past few months, Nazara has done a bunch of deals including the acquisition of Kiddopia’s developer Paper Boat Apps, buying IP rights of Ultimate Teen Patti and taking over assets of DeltiasGaming.

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