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Gaurav Munjal and Roman Saini, the founders of Unacademy, are set to establish a Rs 700 crore venture capital fund focused on AI and deeptech startups. This initiative, named Longshot Capital, is backed by about Rs 300 crore in commitments and is on track to commence investments from January 2027. While Gaurav Munjal will continue to lead Unacademy part-time, Roman Saini will take the helm of the fund full-time.

The fund aims to back 25-28 seed and pre-Series A startups, with initial investments ranging from Rs 500,000 to Rs 1.5 million. Focusing on AI, manufacturing, space, defense, and robotics, Longshot Capital is following in the footsteps of other startup founders, such as Kunal Bahl and Rohit Bansal from Snapdeal, who have also established investment funds.