About Good Capital
Good Capital is a venture capital firm founded in 2019. It is primarily based out of Delhi, India. As of Jun 2026, Good Capital has invested in 78 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series C round of SolarSquare Overall, Good Capital portfolio has seen 3 unicorns, 2 IPOs and 3 acquisitions including key companies like Meesho, Paytm and Groq. A lot of funds co-invest with Good Capital, with names like Angel List sharing a substantial percentage of its portfolio. Good Capital has team of 14 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Good Capital's List of Top Investments
Good Capital has a portfolio of 78 companies, including 3 unicorns. Their most notable investments are in Skillbee and Kidzovo.Their portfolio spans across India, United States, Singapore and 3 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 26 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Good Capital:
1. Meesho
Online marketplace providing a platform for individuals and small businesses to sell products across various categories. It is an online shopping platform offering a wide range of products, including fashion, electronics, and home essentials, at affordable prices. It enables individuals to start their online stores without any investment and offers a platform for small businesses to sell their products.
Key facts about Meesho
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $1.36B
- Employee Count: 2,082 as on Mar 31, 2025
- Investors: SoftBank Group, Elevation Capital and 40 Others
- Latest Funding Round: Series F, Jan 27, 2025, $*****
- Highlight: Public
2. Paytm
Provider of digital payment processing and financial service management tools. This platform facilitates electronic money transfers, utility bill payments, and mobile recharges. It enables merchants to accept payments through various digital methods including online gateways and point of sale systems. The service supports travel bookings for flights, trains, and buses, alongside movie and event ticket reservations. Users access credit reports, personal loans, and investment options for stocks, mutual funds, and gold. The infrastructure includes tools for insurance premium payments, loan installment settlements, and municipal tax remittances. Business software solutions are provided for merchant billing, inventory management, and credit tracking.
Key facts about Paytm
- Founded Year: 2000
- Location: Noida (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $2.76B
- Employee Count: 39,368 as on Mar 31, 2025
- Investors: Berkshire Hathaway, K2 Global and 76 Others
- Latest Funding Round: Angel, Nov 20, 2020, $*****
- Highlight: Public
3. Mokobara
Retailer of luggage suitcases backpacks totes and various travel accessories. Products include cabin and check-in trolleys, trunks, laptop bags, briefcases, duffels, diaper bags, crossbody bags, and wallets. The inventory features items designed for professional and personal travel requirements.
Key facts about Mokobara
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $24.1M
- Employee Count: 236 as on Aug 31, 2025
- Investors: Chona Family Office, Panthera Peak and 58 Others
- Latest Funding Round: Series B, Feb 16, 2024, $*****
- Highlight: Editors' Pick
4. Wealthy
Platform offering tools and resources for mutual fund distribution businesses. It provides technology, product research, learning resources, marketing assistance, and support. The platform offers tools for client onboarding, portfolio tracking, and earnings management. It also provides access to training programs and marketing content.
Key facts about Wealthy
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $36.8M
- Employee Count: 231 as on Apr 30, 2025
- Investors: Tracxn Labs, Bertelsmann India Investments and 103 Others
- Latest Funding Round: Series B, Nov 24, 2025, $*****
- Highlight: Editors' Pick
5. Groq
Provider of AI inference platforms and on-premise AI inference clusters. It develops inference-specific LPUs and offers GroqCloud, a platform for AI inference. It also provides GroqRack, an on-premise AI inference cluster for data centers. The company focuses on delivering consistent performance at scale with its custom-built LPU architecture.
Key facts about Groq
- Founded Year: 2016
- Location: Mountain View (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.42B
- Employee Count: 312 as on Jun 30, 2026
- Investors: equitywestsecurities.com, Disruptive and 52 Others
- Latest Funding Round: Series E, Jun 22, 2026, $*****
- Highlight: Editors' Pick
Good Capital's Year-on-Year Investment Trends
Good Capital has invested in 78 companies over the last 7 years, with an average of 10 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Jun 2026, it has made 2 investments in this year. Its most recent first time investment was in Babynama and most recent follow-on round was in SolarSquare.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 2 | 2 | 4 |
2024 | 6 | 2 | 8 |
2023 | 12 | 3 | 15 |
2022 | 25 | 4 | 29 |
2021 | 11 | 2 | 13 |
2020 | 2 | 0 | 2 |
2019 | 4 | 1 | 5 |
Good Capital's Investments by Stage
Good Capital has made 53 investments in Seed stage with an average round size of $1.39M, 6 investments in Series A stage with an average round size of $3.13M, 1 investment in Series B stage with an average round size of $25M, 1 investment in Series D stage with an average round size of $30M and 1 investment in Series F stage with an average round size of $570M.Stage of entry | No. of Investments |
|---|---|
Seed | 53 |
Series A | 6 |
Series B | 1 |
Series D | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
Good Capital's Investments by Sector
Good Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, Sustainability Tech and FinTech. Notably, it has invested in 73 Tech companies, 49 Enterprise (B2B) companies, 35 Consumer (B2C) companies and at least 31 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 21 |
Consumer | 20 |
Retail | 12 |
Sustainability Tech | 11 |
FinTech | 10 |
Others | 87 |
Note: We have considered here, only first round of investments
Good Capital's Investments by Geography
Good Capital has made most investments in India (54), followed by United States where it has made 5 investments.Country | No. of Investments |
|---|---|
India | 54 |
United States | 5 |
Singapore | 2 |
Finland | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Good Capital's recent investments
Good Capital has made 2 investments in 2026 so far - SolarSquare and Orange Health.Here are the most recent investments by Good Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 16, 2026 | India | Series C | 6281 | [+6] | |
May 16, 2026 | India | Series C | 6729 | [+5] | |
Aug 07, 2025 | India | Series A | 8998 | [+1] | |
Feb 06, 2025 | India | Seed | 8174 | [+3] | |
Feb 03, 2025 | India | Seed | 6331 |
Unicorns in Good Capital's Portfolio
Good Capital has 3 unicorns in its portfolio - LEAD School, Redwood Materials and Groq. The most recent unicorn in their portfolio is LEAD School. It became a unicorn in 2022.Here is a list of unicorns in Good Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Provider of integrated digital learning systems for school academic management | 2012 | Mumbai | Series E | mqwz{il | ||
60 | Provider of repurposed battery packs for modular energy storage systems | 2017 | Carson City | Series E | wsuakdl | ||
71 | Provider of AI inference platforms and on-premise AI inference clusters | 2016 | Mountain View | Series E | agtyhzu |
IPOs and Publicly Listed companies in Good Capital's Portfolio
2 of Good Capital's portfolio companies have become public. Meesho got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Dec 2025 at marketcap of $5.57B and Paytm got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $18.8B.Here are Good Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 10, 2025 | Sep 29, 2021 | Series F | 4354 | |
Nov 18, 2021 | - | - | 4943 |
Acquired companies in Good Capital's Portfolio
3 companies from Good Capital's portfolio have been acquired. The most recent acquisition was SkySQL in Aug 2025 by MariaDB for $*****.Here are Good Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 27, 2025 | Dec 11, 2024 | Seed | 9955 | |
Jul 24, 2024 | Sep 20, 2022 | Seed | 6065 | |
Jul 20, 2021 | Mar 28, 2019 | Seed | 4198 |
Team profile of Good Capital
Good Capital has a team of 14 members including 4 Partners located in India. Good Capital's team sits on the board of 1 company.Here is a list of top team members in Good Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Delhi | - | ||
Partner | Delhi | - | ||
Partner | - | |||
Partner | Delhi | - |
Co-investors of Good Capital
Over the past 7 years, 1450 investors have co-invested in Good Capital's portfolio companies. This includes funds and angels.
- Invested before Good Capital: Venture Highway, Nikhil Bhandarkar and 493 others have invested in rounds before Good Capital. There are 4 companies where Venture Highway has invested before Good Capital and 3 companies where Nikhil Bhandarkar has invested before Good Capital.
- Top Co-investors of Good Capital: 620 investors entered a company along with Good Capital. These include investors like Angel List (24 companies).
- Invested after Good Capital: A total of 335 investors have invested in Good Capital's portfolio after their investments. Top Investors include Angel List (5 companies), Stride Ventures (4 companies) and Wellfound (3 companies).
Recent News related to Good Capital
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MS Dhoni Invests in SolarSquare's $53 Million Series C Funding RoundViestories•Jul 21, 2026•SolarSquare, B Capital, Good Capital, Lowercarbon and 1 other
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SolarSquare Secures $53 Million in Series C Funding Led by B CapitalEntrackr•Jun 16, 2026•SolarSquare, B Capital, Lowercarbon, Elevation Capital and 10 others
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Nuuk Secures Additional Funding from Investors for Expansion, Surpasses $10 MillionOnline Media Cafe•Aug 07, 2025•Nuuk, Vertex Ventures, Good Capital
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Nuuk Raises USD 2 Million Led by Vertex Ventures SEA and Good CapitalEnablers•Aug 07, 2025•Purple Style Labs, Nuuk, Vertex Ventures, Good Capital and 1 other
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Fintechs Enter Act 3, Betting Big on Broking and Wealth Management
Outlook Business•May 30, 2025•Good Capital
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Indian fintech startup axiTrust nets $2.6m seed fundingStartupNews•Mar 28, 2025•axiTrust, General Catalyst, Veltis Capital, Good Capital and 1 other
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Funding in pharma plummets by 85 per cent in Feb 2025Express Pharma•Mar 06, 2025•Apex Kidney Care, Elevation Capital, Endiya Partners, Good Capital
