Positive impactCorporate Action
Unacademy's Gaurav Munjal, Roman Saini plan ₹700-crore fund focused on AI, deeptech startups: Report
Mint 1 hr ago·26 Oct 2026, 8:29 am
Unacademy co-founders Gaurav Munjal and Roman Saini are reportedly raising a new venture capital fund called Longshot Capital. The fund is focused on Artificial Intelligence and deep technology startups and has already secured commitments of approximately ₹300 crore. It aims to reach its first close by January 2027 before beginning its investment activities.
This development is significant for the broader market as it highlights renewed interest in the Indian startup ecosystem, particularly in high-growth sectors like AI. For investors, it signals that experienced founders are actively deploying capital to back the next generation of innovative companies. While the fund is not yet investing, its formation suggests a positive outlook for early-stage funding in the technology space.
Investors should monitor the fund's progress and the quality of startups it eventually backs. The success of such funds often correlates with the vibrancy of the broader market. Watch for updates on the fund's final size and the specific sectors it targets to gauge the current appetite for risk in the market.
Key takeaways
- Category: Corporate Action.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
