Unacademy Cofounders Plan ₹700 Cr AI, Deeptech Fund Longshot Capital
Unacademy's founders launched Longshot Capital, a Category II AIF targeting ₹700 crore with initial commitments of ₹250-300 crore and first close targeted for January 2027. The fund plans to back 25-28 startups in AI and deeptech sectors including manufacturing, space, defence, and robotics, with initial cheques of $500,000 to $1.5 million and 8-12% ownership stakes. Saini will lead full-time while Munjal serves part-time alongside his Unacademy role. The fund's 10-11 year lifespan accommodates longer development cycles typical of deeptech ventures and will invest in India-based startups and Indian-origin founders globally.
Key points
- ₹700Cr AI and deeptech fund raised by Unacademy cofounders, targeting January 2027 first close
- Focus on 25-28 seed and pre-Series A startups in AI, manufacturing, space, defence, robotics
- Initial tickets $500K-$1.5M with 8-12% ownership; 10-11 year fund lifecycle
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