Quild Mini🦄 #139: Appsmith

Open-source low-code (19K stars)

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

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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

   • 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)

   • Nikhil founded Levelz, a table ordering solution for restaurants

   • Arpit was a co-founder of Gharpay along with Abhishek

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

2. Fast team growth

   • Grew over 2x YoY to 95 employees

   • And hiring more

3. Accelerated financing

   • Series A in 2021, series B in 2022

4. Midas list investors

   • Insight led series B

   • Canaan led series A

   • Accel led seed

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Till tomorrow, Kenn