New fund · 26 October 2026Longshot CapitalAI and deeptech venture fund
Unacademy founders raising Rs 700 crore AI fund
By Abha Lohia ·
- Unacademy co-founders Gaurav Munjal and Roman Saini are raising a venture fund named Longshot Capital for AI and deep technology startups
- About Rs 300 crore is already committed toward the Rs 700 crore target, with a first close aimed for January 2027
- The plan comes less than two months after upGrad bought Unacademy; fundraising talks continue and size or timing could shift
What happened
- Longshot Capital targets Rs 700 crore.
- Commitments of about Rs 300 crore are in hand.
- First close is aimed for January 2027.
Why it matters
- It follows upGrad's acquisition of Unacademy.
The business
- The fund will back AI and deeptech startups.
The founders
- Co-founder and CEO of Unacademy
- Co-founder of Unacademy
What happens next
- Begin investing after first close.
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Co-founder equity: Split equity by what each founder will contribute from now on, not by who had the idea, and attach vesting so that anyone who leaves early does not keep a large share for doing little.
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