Unacademy Founders Launch ₹700 Crore AI and Deeptech Fund

Gaurav Munjal and Roman Saini, the co-founders of Unacademy, are embarking on an ambitious venture to establish Longshot Capital, a ₹700 crore fund that will focus on investing in artificial intelligence (AI) and deep technology startups. This initiative follows the acquisition of Unacademy by UpGrad, indicating a strategic shift towards supporting innovative technology sectors. The fund has already secured commitments of around ₹300 crore, demonstrating strong interest from investors. The founders are targeting a first close of the fund in January 2027, marking a significant milestone in their fundraising efforts.

The establishment of Longshot Capital reflects the growing importance of AI and deep technology in the global economy. With rapid advancements in these fields, there is an increasing demand for funding and support for startups that can leverage these technologies to create impactful solutions. The co-founders aim to identify and nurture promising startups poised to disrupt traditional industries and drive innovation. This venture aligns with the broader trend of venture capital firms focusing on technology-driven companies capable of scaling and achieving significant market penetration.

Currently, the fundraising process for Longshot Capital is actively underway, with discussions ongoing with potential investors. The founders are strategically positioning the fund to attract a diverse range of investors who share a vision for the future of AI and deep technology. By securing commitments early on, they are laying a solid foundation for the fund’s operations. Once the first close is achieved, the fund will begin its investment cycle, supporting a targeted number of 25 to 30 startups that demonstrate strong growth potential in the AI and deeptech arenas.

The broader economic implications of Longshot Capital's focus on AI and deep technology are promising. Investment in these sectors is expected to yield significant returns while fostering economic growth and job creation. As startups in these fields develop innovative solutions, they can contribute to advancements across various industries, including healthcare, finance, and education. This approach not only supports the startup ecosystem but also positions India as a key player in the global technology landscape.

Looking ahead, the future outlook for Longshot Capital appears optimistic. The founders aim to meet their fundraising goals and commence investments by the targeted timeline. As they navigate the evolving landscape of AI and deep technology, their efforts could have lasting impacts on the startup ecosystem in India. By focusing on these high-potential sectors, Longshot Capital may set a precedent for future venture funds, encouraging more investments in innovative technologies that can drive societal progress and economic transformation.