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Good Capital

Venture capital

Mt. Pleasant · Seed–Series A · 14 people tracked

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Investment thesis

Good Capital targets India's low-trust, high-touch economy, where consumers favor trusted human intermediaries over impersonal online brands. The firm backs companies that use AI to augment these on-the-ground partners, automating systematic coordination while preserving the human relationships that build trust and drive conversion. Its portfolio spans consumer, commerce, fintech, and labor-market platforms, with early investments including category-defining companies. The approach emphasizes conviction in founders and support for businesses expanding access to financial products, jobs, and services for aspirational Indian audiences.

Source: firm website, verified Aug 6, 2026.

Stage
Seed–Series A
HQ
Mt. Pleasant, IN
Leads rounds
Leads
Instruments
Equity
Founded
2019
Last 12 months
2 investments
Tracked investments
40
Unicorns
1
IPOs
1

Team · 14 people

from the firm's website & public directories
Arjun Malhotra· Partnerin

Arjun Malhotra is a General Partner at Good Capital.

Maanav Sagar· Investmentsin
Naushera Debu· Chief of Staffin
Radika Agarwal· Investmentsin
Shreyans Salecha· Investmentsin

Founder mafia

2 people who came through Good Capital went on to found or lead other companies.

What they invest in

from 32 of 40 portfolio companies

AI & Machine Learning ×13SaaS ×9E-commerce ×5Enterprise Software ×5Healthtech ×5Climate Tech ×4Consumer ×4Marketing Tech ×4

HQs:India×16United States×12Singapore×1

Who they back

founder profiles across 19 portfolio companies
42%
solo founders
8 of 19 mapped founding teams
43%
repeat founders
of 28 founders with career history

Founding team size:solo founder×82 founders×83 founders×3

Where their founders studiedfrom 27 founders with education data

Indian Institute of Technology, Bombay ×4Indian Institute of Technology, Delhi ×3Harvard Business School ×2Indian Institute of Management Ahmedabad ×2Indian Institute of Technology, Kharagpur ×2National Institute of Technology Karnataka ×2The London School of Economics and Political Science (LSE) ×2

What their founders studiedfrom 27 founders with field-of-study data

Engineering ×13Computer Science ×8Business & Management ×5Economics ×3Finance & Accounting ×3

Where their founders worked beforefrom 28 founders with career history

Practo ×4McKinsey & Company ×3Oracle ×3Evalueserve ×2Flipkart ×2Google ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

1 founders hold a PhD · 6 hold an MBA (of 29 with degree data)

Investments · 40 tracked

founders shown can be your intro path

By year:2026 · 22025 · 22023 · 12022 · 712 dated

Meeshomeesho.comin𝕏NSE: MEESHO

Meesho operates an online marketplace that connects small businesses and individual entrepreneurs with customers across India, offering logistics, payments, and support services to help sellers manage their operations.

E-commerceEnterprise SoftwareBengaluru, IN

Vidit Aatrey(Founder/CEO)inSanjeev Barnwal(Founder/CTO)inSanjeev Kumar(Executive Officer, Director)Jatin Mazalcar(Executive Officer)in

BoardSumer Juneja(Director)inMohit Bhatnagar(Director)in

Co-investorsB Capital GroupB4 CapitalElevation CapitalFJ LabsInvestopadLeo Capital Ventures+22 more

Acaciaacacia-inc.comin𝕏Dec 2022 · $2.5M

Acacia designs and manufactures optical networking components and systems, including silicon photonics solutions and coherent optical interconnects for cloud data centers, AI clusters, carrier networks, submarine cables, and satellite communications.

Cloud ComputingData & InfrastructureHardware

Benny Mikkelsen(Founder)Christian Rasmussen(Founder)Mehrdad Givehchi(Founder)

Co-investorsMatrixAccelB CapitalBlume VenturesLoyal VCSummit Partners

Accaciaaccacia.cominDec 2022 · $2.5M

Accacia offers an AI-powered ERP and carbon-tracking platform that helps real estate developers and infrastructure providers measure and manage carbon emissions across their properties.

AI & Machine LearningClimate TechPropTechSingapore, SG

Piyush Chitkara(Founder)inAnnu Talreja(Founder)in

Co-investorsAccelIlluminate FinancialAC VenturesB Capital GroupB4 CapitalB Capital+2 more

Alphaalpha.onein𝕏Feb 2022 · $7.5M

Expoze.io is a platform that uses computer vision to predict visual attention and generate heatmaps for images, helping creators and designers understand which elements capture viewer attention.

AdTechAI & Machine LearningMarketing Tech

Co-investorsCapital MillsEmphasis VenturesVenture Highway

Alteralterauth.comin𝕏

Alter provides an authentication layer and vault for AI agents to securely access third-party APIs and SaaS platforms.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise SoftwareNew York City, US

Srikar Dandamuraju(Founder)inKevan Dodhia(Founder)in

Co-investorsY Combinatorboundless venturesDeVCDavidovs Venture CollectiveFortify VenturesWaikit Lau

ApniBusapnibus.comin

ApniBus is an online platform for booking intercity bus tickets across India, aggregating over 1 lakh bus services and 3.5 lakh routes with partnerships including RSRTC (Rajasthan State Road Transport Corporation).

MarketplacesMobility & TransportationTravel & HospitalityJaipur, IN

Ravi Yadav(Founder)inSunny G.(Founder)in

Co-investorsAntlerInvestopadMars Shot VenturesVersion One Ventures

Babynamababynama.cominFeb 2025 · $700K

Babynama is a pediatrician-led telemedicine platform that provides 24/7 WhatsApp-based access to doctors and specialists for parents from pregnancy through early childhood.

Digital HealthHealthtechSaaS

Co-investorsInvestopad

Betterplacehealthbetterplacehealth.comin

BetterPlace is a mental health clinic offering integrated diagnostic assessments and evidence-based treatment for conditions including depression, anxiety, bipolar disorder, OCD, and schizophrenia.

HealthtechMental HealthIndia, IN

Akul

Co-investorsInvestopad

Bookmygeniebookmygenie.com

A VC-backed construction services company in India that designs, builds, and maintains retail infrastructure for construction projects.

Construction Tech

Co-investorsInvestopad

CharacterQuiltcharacterquilt.comin𝕏Seed

CharacterQuilt provides AI-powered campaign management that automates audience data collection, creative asset generation, and deployment across existing marketing tools like HubSpot, Marketo, and LinkedIn Ads.

AI & Machine LearningEnterprise SoftwareMarketing TechSan Francisco, US

Clint Burgess(Founder)inBhairav Mehta(Founder)in

Co-investorsMoment Ventures, LlcNOMO VenturesY CombinatorAgrolimen VenturesAV CapitalBlast.Club+7 more

Cleantechcleantech.comin𝕏Jun 2026 · $53M

Cleantech Group provides market intelligence, investment advisory, and networking services to investors and corporate stakeholders in the cleantech sector.

CleantechClimate TechImpact & Social GoodSaaS

Richard Youngman(CEO)in

Co-investorsWestRiver GroupB CapitalElevation CapitalInfo Edge VenturesLightspeed Venture PartnersLowercarbon Capital

CloudChefcloudchef.co

CloudChef builds hourly-wage kitchen robots that learn recipes from a single demonstration and operate across commercial kitchen stations such as prep, batch cooking, line cooking, griddle work, and packaging.

AI & Machine LearningFoodTechRobotics

Co-investorsInvestopadRocketship.vc

Dentatrydenta.cominSeed

Denta embeds AI engineers into dental organizations to automate business operations and administrative processes using AI.

AI & Machine LearningEnterprise SoftwareFintechHealthtechInsurTechSan Francisco, US

Jack Beecher(Founder)in

Co-investorsY CombinatorAcephale VenturesAV CapitalDTA Capital Advisors, LLCMetsu CapitalTwenty Two Ventures

Entrientri.appin𝕏

Entri offers online courses and training programs, including a Montessori teacher certification program.

EdTechBoston, US

Rahul Ramesh(Executive Officer, Director)inMohammed Hisamuddin(Executive Officer, Director)Mohammed Hisam(Founder)inMohammud Peerun(Director)

Co-investors100x Entrepreneur FundInnospark VenturesInvestopadTrifecta Capital AdvisorsV3 VenturesGokul Rajaram+2 more

Groq Incgroq.comin𝕏

Groq designs and manufactures the LPU (Language Processing Unit), a chip purpose-built for AI inference, and operates GroqCloud, a platform for running inference workloads with low latency and cost efficiency across global data centers.

AI & Machine LearningCloud ComputingSemiconductorsPalo Alto, US

Jonathan Ross(CEO)inDouglas Wightman(Executive Officer, Director)

BoardChamath Palihapitiya(Director)in

Co-investorsAccess Ventures (New York)Acequia Capital (AceCap)Alumni VenturesAxiom PartnersB CapitalBanca Investis — Family Office+72 more

Hypertrackhypertrack.comin𝕏Mar 2022

HyperTrack offers APIs and SDKs that add location intelligence to shift work marketplaces, field service management, and CRM systems like HubSpot and Salesforce, covering planning, assigning, tracking, and verification of jobs.

AI & Machine LearningFuture of WorkHR TechLogistics & Supply ChainSaaSBerkeley, US

Kashyap Deorah(Executive Officer, Director)inAbhishek Sharma(Director)

BoardSumir Chadha(Director)

Co-investorsInvestopadRocketship.vc

Keychain CPG manufacturing platformkeychain.com

Keychain operates an AI-powered platform connecting CPG brands and retailers with contract manufacturers.

Oisin Hanrahan(Founder)inJordan Weitz(Founder)inUmang Dua(Founder)in

Co-investorsBlue Trail PartnersBoxGroupBright Pixel CapitalCollaborative FundCommerce VenturesDnx Ventures+9 more

Leadschoolleadschool.inin𝕏

LEAD provides end-to-end academic and marketing solutions for schools in India, focusing on school growth and management.

AI & Machine LearningEdTechMarketing TechSaaS

Co-investorsGSV VenturesInvestopadElevar Equity

Mokobaramokobara.cominJul 2022 · $6.5M

Mokobara designs and sells travel luggage and bags, including cabin luggage, backpacks, briefcases, totes, wallets, and trackers, with a focus on hardware and design details.

ConsumerDirect to ConsumerE-commerceBengaluru, IN

Navin Parwal(Founder)inSangeet Agrawal(Founder)in

Co-investorsAditya Birla VenturesAlteria CapitalPeak XV PartnersSaama CapitalSauce.vc

Neufinneufin.coin𝕏

Neufin Energy develops renewable power solutions to make clean energy accessible and affordable for Indian businesses.

CleantechClimate TechEnergyEnterprise SoftwareMumbai, IN

Rahool Gadkari(Founder)inRushil Noronha(Founder)in

Co-investorsBetter CapitalInvestopadSprint VcTime Zero Capital

Nuuknuuk.ininAug 2025

Nuuk is a consumer home appliance brand selling products such as silent fans, air circulators, air fryers, juicers, cordless vacuum cleaners, garment steamers, and room heaters.

ConsumerDirect to ConsumerHardware

Shalabh Gupta(Founder)in

Co-investorspeerchequeVertex Ventures Sea Management Pte. Ltd.Vertex Ventures

OnArrivalonarrival.travelin𝕏

OnArrival provides a full-stack travel platform that enables businesses to embed flights, hotels, insurance, activities, and ancillaries into their offerings.

SaaSTravel & Hospitality

Ankit Sawant(Founder)in

Co-investors8i VenturesAntlerInvestopad

Orange Health Labsorangehealth.inin𝕏Jun 2026

Orange Health Labs operates a home-based diagnostic testing service in Indian cities, offering sample collection within 30 minutes and lab results within 6 hours.

HealthtechMedical DevicesBengaluru, IN

Tarun Bhambra(Founder)inDhruv Gupta(Founder)in

Co-investorsAccelAroa Venture PartnersBertelsmann India InvestmentsBlackSoilGeneral CatalystInvestopad+14 more

Oyelaoyela.inOct 2023

Oyela is an online retailer offering apparel in a range of sizes, positioning itself around making global fashion trends accessible to shoppers.

ConsumerE-commerceRetail TechGurgaon, IN

Anjan Kumar Patel(Founder)in

Co-investorsEximius VenturesInvestopadUpsparks CapitalPrime Venture Partners

Redwood Materialsredwoodmaterials.comin𝕏

Redwood Materials deploys large-scale energy storage systems for data centers and grid power while recycling batteries to recover critical minerals like lithium, nickel, cobalt, and copper as a domestic source of these materials.

Circular EconomyEnergyNew MaterialsCarson City, US

JB Straubel(Founder & CEO)inKevin Kassekert(Executive Officer)Jason Thompson(Executive Officer)in

BoardDavid Danielson(Director)in

Co-investorsBreakthrough Energy VenturesCoatue ManagementCollaborative FundCollective LiquidityCongruent VenturesDeepwater Asset Management+22 more

Rioairioai.in

Rio Health delivers prescription medicines, personal care, baby-care, and everyday health essentials to customers' doors via WhatsApp orders, with delivery in 15–30 minutes and no minimum order or delivery fee.

Digital HealthE-commerceHealthtech

Co-investorsInvestopad

Skillbeeskillbee.cominMar 2022

Skillbee is a job platform and app connecting international migrant blue-collar workers with employers in the Gulf and Europe.

Neelankarai, IN

Ravichandra Gautham V(Founder)in

Co-investorsFirst ChequeInvestopadWamda CapitalAccess Bridge VenturesVibe Capital

SkySQLskysql.comin𝕏

MariaDB provides an open source relational database and a fully managed cloud database service supporting private, public, hybrid, and multicloud deployments, with features including columnar analytics, JSON functionality, and Oracle compatibility.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsSilicon Valley, US

Jags Ramnarayan(Founder)in

Co-investorsEniac VenturesInvestopadWestern Technology InvestmentWTI

Solar Squaresolarsquare.inin

SolarSquare designs and installs rooftop solar panel systems for homes, housing societies, and businesses across India, handling inspection, installation, subsidy, financing (EMI plans), and post-installation maintenance.

CleantechClimate TechEnergy

Neeraj Jain(Co-Founder)inNikhil Nahar(Co-Founder)inShreya Mishra(Co-Founder)in

Co-investorsB Capital GroupBetter CapitalElevation CapitalInvestopadLightspeed Venture PartnersLowercarbon Capital+4 more

Spatial New York, USAspatial.ioin𝕏

Spatial is a Unity-powered platform for building, hosting, and scaling interactive 3D experiences across web, mobile, and VR, including branded games, virtual stores, and training environments.

AI & Machine LearningCreator EconomyEdTechGamingSaaSNew York City, US

Anand Agarawala(Founder)inJinha Lee(Founder)in

Co-investorsExpaGarage CapitalInvestopadKakao VenturesLerer HippeauLG Technology Ventures+4 more

Tamashatamasha.livein

Tamasha is an AI-first social platform offering multiplayer social games, 1:1 chats, audio rooms, and anonymous emotional expression spaces designed to help people connect and interact.

ConsumerGamingSocialBengaluru, IN

Co-investorsChiratae VenturesFirst ChequeIncubate FundInvestopadTitan Capital

Wealthywealthy.inin𝕏Feb 2022 · $7.5M

WealthyIN Broking Private Limited operates a stockbroking and depository participant business, providing trading and demat account services to retail investors in India.

AI & Machine LearningFintechSaaSBengaluru, IN

Prashant Gupta(Founder)inAditya Agarwal(Founder)in

Co-investorsAlpha Wave GlobalEmphasis VenturesGlobevestorInvestopadTracxn labsBertelsmann India Investments+1 more

Whatmorewhatmore.aiin

Whatmore develops a content engine for e-commerce brands to create, distribute, and monetize product content at scale without traditional photoshoots.

AI & Machine LearningE-commerceMarketing TechSaaSSan Jose, US

Prabhu Sahoo(Engineer · Deal-closer)inShyam Srinivas(Builder · Systems thinker)in

Co-investorsCallapina CapitalInvestopad

Xhipmentxhipment.comin

Xhipment offers a centralized digital platform for freight forwarding that consolidates booking, documentation, tracking, and alerts.

FintechLogistics & Supply ChainSaaS

Co-investorsBetter CapitalInvestopadTitan Capital

Xneeti OneOSxneeti.comin𝕏

Wilmington, US

Amit Bagaria(Founder)

Co-investorsB Capital GroupB4 CapitalInvestopad

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Betterplace HealthPropacityRio AISpatialXneeti

Exits · 1

1 IPOs

MeeshoNSE: MEESHO

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Good Capital made?
Good Capital has 40 tracked investments, 1 of which have exited, including 4 dated in the last 24 months.
What stage does Good Capital invest at?
Good Capital invests at the Seed, Series A stages.
What sectors does Good Capital focus on?
Good Capital focuses on AI & Machine Learning, Consumer, Fintech, Marketplaces.
Where is Good Capital located?
Good Capital is headquartered in Mt. Pleasant, IN.
Does Good Capital lead rounds?
Yes, Good Capital leads investment rounds.
Who does Good Capital co-invest with?
Good Capital most often shares deals with Investopad, B Capital Group, Better Capital, among 86 tracked co-investors.

Media · Podcasts & interviews

featuring the team

The Accidental VC | Arjun Malhotra @ Good Capital - YouTube

Founder Thesis · Arjun Malhotra

Images

Good Capital photoGood Capital photo

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