Investopad co-founders - Rohan and Arjun Malhotra are making a second entrepreneurial gig with an early-stage venture capital firm - Good Capital. It will be a pure-play micro venture capital firm with a corpus of $25 million.
Good Capital will scout deals between $100K to $2 million across pre-seed to Series A in consumer Internet and enterprise-focused startups. According to a press statement, the micro-VC firm has already closed at $12 million in the first round.
Malhotra brothers have been running incubator cum co-working space brand Investopad that helps startups in crucial aspects such as fundraising, design, marketing, and hiring with an incubation model.
The duo has been investing in startups for a while via Investopad and personal capacity. They invested in promising startups including Hypertrack, Meesho, Elemential Labs, MyPoolin, and Paytm (via a secondary deal).
Its Limited Partners (LPs) includes Symphony International Holdings, and several Valley-based entrepreneurs such as Sundeep Madra (CEO of Ford X), Yogen Dalal (Partner Emeritus at the Mayfield Fund and et al.
The firm has already invested $1.5 million seed fund in video-based e-commerce startup SimSim and an undisclosed sum in Spatial Inc, a cross-reality platform which addresses the future of the distributed workplace.
Alongside the General Partners, the fund will be overseen by a committee of Sanjay Kapoor (Ex-CEO of Airtel and now a Senior Advisor at BCG), Rahul Khanna, (founder of Trifecta Capital), and Kashyap Deorah (founder HyperTrack).
Goods Capital will be joining a clutch of early-stage investors such as Blume Ventures, India Quotient, Stellaris, Orios and several mainstream VC firms with an eye on identifying opportunities and teams at a very beginning.