Rocket.new Raises $15M Seed, 10 Points

Ahmedabad / Surat

🚀 Rocket.new Snags $15M Funding | 400K Users | $4.5M ARR

1. Fresh Funding Round

1. Rocket.new raises $15 million seed round.

   • Led by Salesforce Ventures.

   • Participation from Accel and Together Fund.

2. Funding is all-equity based.

3. Comes just 3 months after beta launch in June 2025.

2. Growth & Revenue Numbers

4. 400,000+ users across 180 countries.

   • 10,000+ paid subscribers.

5. Current Annual Recurring Revenue (ARR): $4.5M.

6. Target revenue milestones:

   • $20–25M ARR by Dec 2025.

   • $60–70M ARR by June 2026.

3. Founders & Base

7. Founded by Vishal Virani, Rahul Shingala, and Deepak Dhanak.

8. Based in Surat, known for diamonds & textiles, not a usual tech hub.

9. Pivoted from earlier venture DhiWise (developer workflows).

4. AI-Powered Vibe-Coding Platform

10. Platform helps build full production-ready apps via natural-language prompts.

11. Goal: Become a comprehensive agentic system for:

• App & website development.

• Competitive research.

• Product management replacement.

12. Current version 0.3 has already built 500,000+ applications.

5. User Demographics & App Types

13. Users include product managers, solopreneurs, developers.

14. Big company users: Meta, PayPal, KPMG, PwC, Times Internet.

15. 80% users build serious apps:

• 12% e-commerce (grocery, apparel).

• 10% fintech apps.

• 5–6% B2B tools.

• 4–5% mental health apps.

16. Split by platform: 45% mobile apps, 55% websites.

6. Tech Stack & Differentiation

17. Uses Anthropic, OpenAI, Google Gemini LLMs + proprietary DhiWise datasets.

18. Different from Lovable, Cursor, Bolt.

19. First app generation: ~25 minutes (vs rivals’ ~3 mins).

20. Output: comprehensive, production-ready experience.

7. Pricing & Margins

21. Free trial: capped at 1M tokens.

22. Subscription: starts at $25/month for 5M tokens.

23. Current gross margin: 50–55%.

24. Targeting 60–70% margin in coming months.

8. Global Market Reach

25. US: 26% revenue share (largest).

26. Europe: 15–20% revenue share.

27. India: 10% revenue share.

28. Expanding with US HQ in Palo Alto.

9. Team & Future Plans

29. Current team: 58 members (mostly in Surat).

30. Plans to double engineering & product staff in India in 12 months.

31. Focus areas post funding:

• Go-to-market strategy.

• Strengthening key markets.

• Proprietary R&D models.

10. Investor Take

32. Salesforce Ventures’ Kartik Gupta:

• Rocket.new bridges the gap between AI code generation & production-readiness.

• Built for iteration, maintenance, and enterprise-scale deployment.

⚠️ Disclaimer: This article has been curated and rewritten by The Profit India team for informational purposes only. It does not constitute investment advice.