Unacademy founders plan AI fund; Flipkart’s premium push
Happy Monday! Unacademy’s founders are raising a fund focused on AI and deeptech. This and more in today’s ETtech Morning Dispatch.
Unacademy founders Gaurav Munjal and Roman Saini are in the process of setting up a Rs 700 crore venture capital fund, named Longshot Capital, with a focus on AI and deeptech startups. The fund has secured commitments of around Rs 300 crore and aims to invest in 25-28 seed and pre-Series A startups. Gaurav Munjal will continue to head Unacademy, while Roman Saini will lead Longshot Capital full-time, with Munjal involved part-time.
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Also reported by 1 other outlet
- Unacademy founders plan Rs 700 crore AI, fund economictimes.indiatimes.com
