Unacademy Founders Plan AI Fund While Flipkart Pushes Premium Goods
· Business · Economic Times, The Independent
Unacademy founders Gaurav Munjal and Roman Saini are launching a Rs 700-crore venture capital fund named Longshot Capital, focusing on artificial intelligence and deeptech startups. The fund has already secured about Rs 300 crore in commitments and aims for its first close in January 2027 to back early-stage companies. Saini will lead the fund full-time while Munjal continues managing Unacademy. Meanwhile, Walmart-backed Flipkart is preparing to launch a premium sustainable product line called Flipkart for Earth.
Why it matters
The move highlights a broader trend of Indian startup founders transitioning into venture capital to bankroll deeptech and AI innovation.
Read the original report — Economic Times
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