Lokesh Choudhary · · 1 min readGood Capital launches $50m fund to back AI startups in India
Good Capital partners Rohan Malhotra and Arjun Malhotra / Photo credit: Good Capital
Good Capital, an India-based VC firm, has announced a new fund worth US$50 million, with a greenshoe option of US$25 million.
The fund aims to invest in AI startups in India that are using the tech in areas such as distribution, personalization, and business operations. Good Capital plans to deploy the new fund with check sizes of up to US$1.5 million over the next four years.
“Much like the platform shift to mobile in the past, the success of tech businesses will depend on how they leverage AI,” said Arjun Malhotra, partner at Good Capital.
He described the fund as not solely AI-focused but rather as a recognition of the opportune moment for startups that harness AI to get a competitive advantage.
Good Capital is an early investor in unicorns such as Meesho and Lead School. Most of the VC firm’s portfolio companies from its first fund have secured additional funding from investors such as Accel Partners, Elevation Capital, General Catalyst, and Lowercarbon Capital.
See also: VC funds tracker: Two VCs raise $440m for new funds
Editing by Miguel Cordon and Lorenzo Kyle Subido
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