Good Capital has introduced a $50 million fund to support early-stage startups that utilize AI for distribution, personalization, or business operations. Additionally, the fund offers a greenshoe option of $25 million and targets firms with an average ticket size of $1.5 million.
Good Capital was founded in 2016. It is a seed-stage venture capital fund focused on India. The firm was established by Arjun Malhotra. He was formerly the managing director of Sequoia Capital India. Ashish Sharma, previously a partner at Matrix Partners India, also co-founded the firm. Notably, Good Capital has invested in successful startups such as Meesho, LEAD School, and Fractal Analytics.
The launch of this new fund reflects the growing interest in AI-powered startups in India. AI is being used to tackle challenges in healthcare, manufacturing, and retail industries. Good Capital’s fund is well-positioned to support the upcoming generation of AI-powered startups in India.
The new fund is a significant vote of confidence in the Indian startup ecosystem. It demonstrates growing capital availability for AI-powered startups. Investors are bullish on the future of this sector. I am excited to witness the achievements of the next generation of AI-powered startups in India.
