Good Capital, a seed-stage, India-focused venture capital firm, on Friday, unveiled a new $50 million fund to support founders who are utilizing AI for marketing, customer service, or business operations.
Good Capital, a seed-stage, India-focused venture capital firm, on Friday, unveiled a new $50 million fund to support founders who are utilizing Artificial Intelligence for marketing, customer service, or business operations.
According to this venture investment firm, the fund will be invested with target checks of up to $1.5 million over the following four years. The VC firm invested in unicorn companies like Meesho and LEAD School very early on.
“AI integration has become standard practice for all startups. The future of digital companies will depend on how they use AI, much as the platform changed to mobile in the past, said Arjun Malhotra, co-general partner at this venture investment firm.
The firm invested in businesses like OrangeHealth, which received Series A funding from General Catalyst and Accel Partners, SimSim, which Google later purchased, and SolarSquare, which received a $13 million Series A funding led by Lowercarbon and Elevation Capital.
Rohan Malhotra, co-GP of Good Capital, remarked, “We invest with deep conviction by being lead investors for every investment we make.”
The venture investment firm played a crucial role in SolarSquare’s growth, according to Shreya Mishra, CEO, and co-founder, “by first leading our Seed round and then introducing us to Lowercarbon Capital who led our Series A round.”
The VC fund worked with them “through several iterations of what eventually became Meesho’s business model and played a role in guiding us and helping us with challenges,” Meesho’s CEO and co-founder Vidit Aatrey noted.
