TLDR:
Key Points:
- Good Capital plans to invest $25 million in AI start-ups by 2025 from a $50 million corpus.
- The investments will target sectors such as cleantech, e-commerce, edtech, healthtech, SaaS, and deeptech.
Good Capital, an early-stage venture investment firm, announced its commitment to invest $25 million in AI start-ups in India by FY25. This investment will be made from the Good Capital Fund II’s corpus of $50 million, which is expected to be utilized by 2027. The focus of these investments will be on sectors like cleantech, e-commerce, edtech, healthtech, SaaS, and deeptech. Good Capital’s strategy involves supporting start-ups that empower intermediaries, rather than disrupting industries.
The Indian AI market is projected to reach $17 billion by 2027, making it an opportune time for investments in this sector. Good Capital aims to invest in 15-20 AI start-ups across early-stage and Series-A funding stages, utilizing AI and LLM models to create innovative businesses. The firm emphasizes leveraging India’s unique small-business economy and local expertise to offer services with low acquisition costs and high conversion rates.
Good Capital’s portfolio includes companies like Cloudchef, Definitive, Propacity, and MyGenie, which use AI to streamline processes and enhance decision-making for intermediaries. With over 25 start-ups in its portfolio, including unicorns like Meesho and LEAD, Good Capital has positioned itself as a key player in India’s tech ecosystem. The firm also provides mentorship, access to networks, and resources to support start-ups on their journey.
