Good Capital makes first close of $50 M Fund II

Good Capital, an early-stage venture capital firm, has made a first close for its USD 50 million (INR 410 crore) second fund at 50% of the target corpus. The firm, led by brothers and co-GPs Arjun and Rohan Malhotra aims to back startups that use artificial intelligence (AI) for growth. The latest fund comes four years after the seed-stage investor launched its USD 25 million maiden fund in 2019. The firm ended up deploying about USD 45 million which included co-investments from limited partners in 25 startups.