Longshot Capital report separates a ₹700 crore target from reported commitments

ET’s public synopsis says Gaurav Munjal and Roman Saini are raising an AI and deeptech fund, with a January 2027 first close targeted and terms still subject to change.

Unacademy founders Gaurav Munjal and Roman Saini are raising a ₹700 crore fund focused on AI and deep technology startups, according to the public synopsis of an Economic Times report dated October 26. The proposed fund is called Longshot Capital.

Citing people with knowledge of the matter, the synopsis says approximately ₹300 crore in commitments has been secured. An initial close is targeted for January 2027, after which the fund plans to begin investing.

Fundraising discussions remain underway, and the size and timing of the first close could change, the synopsis adds. The ₹700 crore figure is therefore a fundraising target; it does not establish that the entire amount has been raised or deployed.

This brief draws on the report’s publicly accessible synopsis and opening paragraph. Those establish an attributed fundraising plan and reported commitments, rather than a completed fund close. They do not identify a verified investment portfolio or establish results for companies that might receive funding.

Sources

- [Unacademy founders plan ₹700 crore AI and deeptech fund](https://economictimes.indiatimes.com/tech/startups/exclusive-unacademy-founders-gaurav-munjal-roman-saini-plan-rs-700-crore-ai-deeptech-fund/articleshow/135194595.cms) — The Economic Times / Nikhil Patwardhan and Pranav Mukul