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VC firm Good Capital has marked the final close of its second fund at $30 Mn (about INR 260 Cr).

In a statement, the early-stage investment firm said that the fund has got commitments largely from family offices across Asia and Europe.

The $50 Mn fund was launched in 2023 with a greenshoe option of $25 Mn. At the time, the VC firm said that it would write up to $1.5 Mn cheques over the next four years and will invest in 30-35 startups from the fund.

The second fund was primarily launched with a focus to back AI-first startups in India. Here’s are some of the startups which the VC firm has backed from the second fund:

– Rio: It is an AI-based medicine delivery platform which allows users to buy medicines via WhatsApp

– MyGenie: It makes commercial fit-out designs using its AI tech stack

– Xhipment: It is a digital logistics platform that helps businesses in transporting their goods

– Xneeti: It helps enterprises scale their business internationally by providing export tools.

Founded in 2019 by Arjun Malhotra and the late Rohan Malhotra, Good Capital invests in seed to early stage startups.

It launched its maiden fund in 2019 with a target corpus of $15 Mn and claims to have deployed around $44 Mn in investments across 30 startups. It counts the likes of Meesho, LEAD School, BetterPlace in its portfolio.

With the rapid adoption of AI in India and across the world, investors are bullish on the AI sector and are looking to back startups in the segment. Earlier this week, 888VC launched its maiden INR 175 Cr (about $19 Mn) fundwhich has AI as one of the focus areas. Last month, former Kae Capital partner Natasha Malpani’s Boundless Ventures launched INR 200 Cr fundto back AI-native Indian startups.

According to Inc42 data, Indian AI startups raised $1.5 Bn between 2022 and Q1 2025.

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