Deep Dive August 24, 2025

StampMyVisa Acquires Kunal Shah-Backed Teleport to Create a B2B Visa Processing Powerhouse

The acquisition signals a new phase of maturity in India's B2B travel-tech sector, as leading players consolidate to build a more comprehensive and efficient platform for travel agents.

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In one of the largest seed rounds for an Indian SaaS startup, Surat-based Rocket.new has secured an impressive $15 million in funding led by Salesforce Ventures. The company is at the vanguard of a new movement set to redefine software creation: using AI to turn natural-language prompts into functional applications. With an already massive user base of 400,000 worldwide, Rocket.new is not just building a product; it's building a global phenomenon from the heart of India.

The "I Wish There Was an App For That" Problem

For decades, the world of software has been divided into two groups: those who can code, and those who can't. This has created a massive bottleneck for innovation. Countless business owners, managers, and creators have brilliant ideas for apps to solve their specific problems but lack the technical skills to build them. The "no-code/low-code" movement was the first step in bridging this gap, but Rocket.new is taking the next great leap.

Their platform allows a user to simply describe the app they want in plain English. For example, a small business owner could type: "Build me an app to track my customer orders. It should have fields for customer name, order date, items purchased, and status. The status can be 'pending', 'shipped', or 'delivered'." Rocket.new's AI-powered platform then interprets this request and generates the underlying database, user interface, and logic to create a functional web application.

"We believe the ability to create software should be a fundamental skill, as universal as reading or writing. Our platform is the engine to make that a reality for millions of people."

From Surat to Silicon Valley: A Global Ambition

The scale of Rocket.new's ambition is matched only by its incredible early traction. Amassing 400,000 users before a major funding round is a clear validation of the massive demand for such a tool. The $15 million seed round is rocket fuel for an already accelerating trajectory. The company plans to:

  • Deepen R&D Investment: Continuously improve the core AI model to understand more complex requests and generate more sophisticated applications.
  • Establish a Global Presence: Open a Palo Alto headquarters to be closer to its key customer base and talent pools in the US.
  • Aggressive Growth Targets: The company is aiming for an audacious goal of $70 million in Annual Recurring Revenue (ARR) by 2026, a target that speaks to the confidence of both the founders and their top-tier investors.

The backing from Salesforce Ventures is a powerful endorsement. As a global leader in business software, Salesforce recognizes the disruptive potential of Rocket.new's platform. This story is a powerful symbol of the new Indian SaaS landscape—globally ambitious, product-led companies that can emerge from anywhere in the country to build tools for the world.

#SaaS #AI #NoCode #Funding

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