Early-stage venture capital firm Good Capital, known for backing breakout names like Meesho, Orange Health, and LEAD School, has announced the final close of its second fund at $30 million (₹260 crore). The fund, launched in 2023 with a target of $35 million, saw strong commitments from family offices across Asia and Europe.
Fund Focus & Portfolio
With Fund 2.0, Good Capital will continue its thesis of supporting technology-first and AI-driven startups, betting on companies building scalable solutions with global ambitions. The firm has already backed ventures such as:
- Rio – enabling instant pharmacy delivery via WhatsApp.
- MyGenie – automating fit-out execution with AI.
- Xhipment – a digital freight forwarding platform simplifying global trade.
- Xneeti – helping Indian sellers expand internationally with tech-led tools.
- Nuuk – an eco-conscious consumer appliances brand.
Strategy & Vision
“With Fund 2.0, we doubled down on high-conviction founders solving hard, real-world problems with clarity, intent, and deep insight into user behavior,” said Arjun Malhotra, General Partner at Good Capital. He added that India’s next wave of breakout companies will emerge at the intersection of AI, infrastructure, and global ambition.
Track Record
Founded in 2019, Good Capital started with a $15 million maiden fund, but went on to deploy nearly $44 million (including LP co-investments) across 30 startups. The new fund strengthens its position as a founder-first, early-stage backer in India’s growing tech ecosystem.
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