The company will zero in on pre-seed to series A funding investments. Although the platform does not have a sector-specific investment plan, the founders are interested in technology products solving India-centric problems.
Good Capital has a very productive plan for the coming years. Through its maiden fund of $25 million, they will be funding six startups in a year. The funding will go between $100,000 to $2 million in seed and series A fundraisings.
Started in 2014, Investopad assisted several ventures for fundraising standing as a bridge to connect local startup founders and product managers. One of the ventures assisted by Investopad now has Facebook as an investor.
“Through Investopad, we aided startup founders to raise money, provided guidance, and helped them find customers. We did a ton of events, and learned about the market,” says Arjun.
Good Capital’s first investment already began its first investment as $1.5 million seed fund in an eCommerce startup SimSim. Also, it has funded in Spatial Inc, a cross-reality platform, but the sum is yet to be disclosed.
The venture’s new investment committee includes former Airtel CEO Sanjay Kapoor; Rahul Khanna, former managing partner at Cannan Partners and Founder of Trifecta Capital; and HyperTrack Founder Kashyap Deorah.
The VC fund is also planning in funding business-to-business startups, though they say these startups would make solutions for overseas markets.
Despite the Indian economy’s slowdown, Good Capital assured that the crisis wouldn’t reflect in its investments. As a result of the slowdown, tech giant Alibaba has been halted its investment in the Indian market.
According to Arjun, “Slowdown will not make a significant effect as long as a company able to find a model that is fundamentally strong and conserve capital until they find the right product-market set.”
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