Tag: Range

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…

AI Tech Startups

Indian Startup News on Instagram: “AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services, according to a Reuters report. Under the deal, Perplexity will run a range of AI models through Microsoft’s Foundry program, including systems from OpenAI, Anthropic and xAI, the report said. Perplexity is backed by Nvidia, whose chips are widely used to train and deploy advanced AI models. A Microsoft spokesperson told Reuters that Perplexity has chosen Microsoft Foundry as its primary AI platform for model sourcing under a new multi-year agreement. The spokesperson added that Perplexity has not shifted spending away from Amazon Web Services, the startup’s main cloud provider, as part of the Microsoft deal. #AI #perplexity #microsoft #indianstartupnews”

AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services,…