New Delhi, Jan. 26 -- Vibe coding has triggered a fundraising frenzy in India and the US over the past six months. Startups have been raking in large cheques, some at valuations in the billions.

One of these was vibe coding platform Emergent, based in India and the US, which raised $70 million in a funding round led by Khosla Ventures and SoftBank Vision Fund 2 on 20 January. Barely four months ago it raised a $23 million Series A funding from investors such as Lightspeed Venture Partners, Prosus, Together Fund and Y Combinator.

However, difficult questions loom just beyond this hype: Is the excitement among investors and founders justified? Will vibe coding fundamentally change how code is written and startups are built? What are the l...