Unacademy Founders Plan ₹700 Cr AI Fund
Unacademy cofounders Gaurav Munjal and Roman Saini are raising ₹700 Cr for a new venture capital fund named Longshot Capital, which will focus on artificial intelligence and deeptech startups in India, according to a report by Inc42.
The investment vehicle plans to back between 25 and 28 early-stage enterprises operating across sectors including artificial intelligence, manufacturing, space technology, defence, and robotics. The fund strategy is structured to accommodate the longer technology-development cycles typically required by deeptech companies.
Longshot Capital has already secured early commitments ranging from ₹250 Cr to ₹300 Cr. The fund intends to write initial cheques between $500,000 and $1.5 Mn for portfolio companies, with a target of achieving its first formal close by January 2027. The initiative highlights a growing trend of prominent Indian tech entrepreneurs channeling private capital back into the domestic deeptech and artificial intelligence ecosystem.
Based on reporting by inc42.com.
