Unacademy founders Gaurav Munjal and Roman Saini are launching a Rs 700 crore venture capital fund focused on artificial intelligence (AI) and deep technology startups, according to people with knowledge of the matter. The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its first close in January 2027. The fund aims to support startups in the AI and deep technology sectors, and the founders plan to begin investing after the first close.
Key points
Unacademy founders Gaurav Munjal and Roman Saini are launching a Rs 700 crore venture cap…: Unacademy founders Gaurav Munjal and Roman Saini are launching a Rs 700 crore venture capital fund focused on artificial intelligence (AI) and deep technology startups, according to people with knowledge of the matter.
The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is ta…: The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its first close in January 2027.
The fund aims to support startups in the AI and deep technology sectors, and the founders…: The fund aims to support startups in the AI and deep technology sectors, and the founders plan to begin investing after the first close.
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Unacademy founders Gaurav Munjal and Roman Saini are raising a Rs 700-crore venture capital fund focused on artificial intelligence (AI) and deep technology startups, less than two months after UpGrad acquired the education technology company, according to people with knowledge of the matter.The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its first close in January 2027, following which it plans
Business NewsTechStartupsExclusive: Unacademy founders Gaurav Munjal, Roman Saini plan Rs 700 crore AI, deeptech fund
Exclusive: Unacademy founders Gaurav Munjal, Roman Saini plan Rs 700 crore AI, deeptech fund
Synopsis
The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its first close in January 2027, following which it plans to begin investing, the people said. Fundraising discussions are continuing, and the size and timing of the first close could change.
Singapore's estimated geothermal resource potential exceeds 60 times its annual electricity consumption, with preliminary findings indicating high-temperature resources suitable for electricity generation. This could power Singapore for 60 years if realized, with further studies focusing on feasibility, safety, and technical viability.
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Simba, a telecommunications operator, faces potential fines and the cancellation of its license due to allegations of intentional spectrum misuse. The telco is accused of deploying dynamic spectrum sharing technology at over 100 sites without authorization and using 5G indoor radio access network equipment without approval. The regulator also alleges that Simba failed to fully comply with an order to produce documents and that its governance and compliance culture need improvement. The company has until November 1…