TLDR:
- Good Capital plans to deploy $25 million in Indian AI startups by 2025 out of a total fund of $50 million.
- The investment will focus on sectors such as cleantech, e-commerce, edtech, healthtech, SaaS, and deeptech.
Mauritius-based venture capital firm Good Capital has announced its plan to invest $25 million in Indian AI startups by the fiscal year 2025. This investment will be made from the $50 million corpus of Good Capital Fund II, with the goal of deploying the full amount by 2027. The firm aims to invest in startups that leverage AI and LLM to create novel businesses, particularly in sectors like cleantech, e-commerce, edtech, healthtech, SaaS, and deeptech.
Good Capital plans to invest in 15-20 AI startups at early-stage and Series-A funding stages, focusing on startups that empower intermediaries rather than aiming for disruption. Currently, 80% of the firm’s pipeline consists of companies utilizing AI in various industries. The General Partner at Good Capital, Arjun Malhotra, emphasized the firm’s commitment to leveraging India’s small-business economy by investing in startups that offer services and products with low acquisition costs and high conversion rates.
Good Capital’s portfolio includes over 25 startups, including unicorns like Meesho and LEAD, as well as promising ventures like Entri and Solar Square. The firm’s strategy of investing in AI startups that empower intermediaries reflects its focus on harnessing India’s unique economic structure to drive innovation and growth in the startup ecosystem.
