New Delhi, Oct. 26 -- Unacademy co-founders Gaurav Munjal and Roman Saini are raising a Rs.700-crore venture capital fund focused on artificial intelligence (AI) and deep technology startups, according to media reports.

The proposed fund, named Longshot Capital, has secured commitments of around Rs.250 crore to Rs.300 crore and is targeting its first close in January 2027, the reports said. The fund plans to invest in early-stage startups working across AI, manufacturing, space, defence and robotics.

Longshot Capital aims to back 25-28 startups at the seed and pre-Series A stages, with initial investments ranging from $500,000 to $1.5 million. It is targeting ownership stakes of 8-12% in its portfolio companies.

Saini is expected to le...