Tag: Munjal

Educational Startups

Indian Startup News on Instagram: “Unacademy co-founders Gaurav Munjal and Roman Saini are raising a Rs 700 crore venture capital fund, Longshot Capital, to back early-stage AI and deeptech startups, according to a report by The Economic Times. The fund, registered as a Category II alternative investment fund (AIF), has reportedly secured commitments of about Rs 250-300 crore, or roughly 36-43% of its target. It is aiming for a first close in January 2027, though the size and timeline could change as fundraising continues. The plan comes less than two months after upGrad completed its all-stock acquisition of Unacademy. The Bengaluru-based fund plans to back 25-28 startups at the seed and pre-Series A stages, according to the report. Initial cheques will range from $500,000 to $1.5 million, for a target ownership of 8-12% in each company. #bengaluru #edtech #unacademy #deeptech #upGrad #founders #startups #indianstartupnews”

Unacademy co-founders Gaurav Munjal and Roman Saini are raising a Rs 700 crore venture capital fund, Longshot Capital, to back…

Educational Startups

Indian Startup News on Instagram: “Edtech company Unacademy has launched a Rs 50 crore employee stock ownership plan (ESOP) buyback programme to provide liquidity to employees. Announcing the development on X, co-founder and Group CEO Gaurav Munjal said the company’s board had approved carving out a cash pool for employees even though the valuation is “significantly lower than our last fundraise”. According to him, eight employees will earn over Rs 1 crore each through the buyback. Seventeen employees will receive more than Rs 50 lakh, and 38 employees to make over Rs 10 lakh from the exercise. Notably, the company will reach out to eligible employees in the coming weeks. #uncademy #edtech #employees #startup #crorepati #indianstartupnews”

Edtech company Unacademy has launched a Rs 50 crore employee stock ownership plan (ESOP) buyback programme to provide liquidity to…