Fund thesis: AI is the X-factor  - The Hindu BusinessLine
Good Capital invests in early-stage start-ups with a $100-million capital pool and a dedicated $50-million fund.
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Good Capital invests in early-stage start-ups with a $100-million capital pool and a dedicated $50-million fund.
Good Capital, a Mauritius-based venture capital firm, announced plans on Friday to invest USD 25 million (around Rs 200 crore) in Indian artificial intelligence (AI) startups during the current fiscal year.
Good Capital plans to invest USD 25 million in Indian AI startups from the USD 50 million Fund II by 2027. The focus includes cleantech, e-commerce, edtech, healthtech, SaaS, deeptech, and utilizing intermediaries for low acquisition costs.
Secretary of MeitY makes this announcement at the launch of the country's first designed-in-India education tablet with BharatGPT virtual assistant.