Quild Mini🦄 #139: Appsmith

This is the Quild Minicorn, highlighting one future of work minicorn every weekday - early-stage startups with statistically significant signals of becoming a unicorn.

Appsmith provides open-source low code software that helps developers build custom internal and CRUD (create, read, update, and delete) type applications quickly.

Founders: Abhishek (CEO), Nikhil, Arpit (CTO)

Signals:

1. Repeat venture-backed founders

   1. Abhishek founded multiple companies, including Bicycle AI to automate customer service (backed by Accel) and Gharpay to let e-commerce companies collect cash payments (backed by Sequoia)

   2. Nikhil founded Levelz, a table ordering solution for restaurants

   3. Arpit was a co-founder of Gharpay along with Abhishek

   4. All three also worked at other venture-backed startups like cure.fit and Flipkart

2. Fast team growth

   1. Grew over 2x YoY to 95 employees

   2. And hiring more

3. Accelerated financing

   1. Series A in 2021, series B in 2022

4. Midas list investors

   1. Insight led series B

   2. Canaan led series A

   3. Accel led seed

Till tomorrow, Kenn