About GoodMind
GoodMind is a Transportation, Automotive & Logistics company based in Pune (India) founded in 2019 by Jehaan Kotwal. GoodMind has raised $256.13 thousand across 3 funding rounds from investors including DNY Corporate Advisory Private Limited, Social Alpha and Migrants Resilience Collaborative. The company has 1 employees. GoodMind was last valued at $1.71 million in February 2022. Its Indian entity Good Mind Private Limited reported revenue of ₹24 Lakh. Its focus areas include Transportation and Logistics, Trucking, Consumer and Road Transport Tech.
Company details
App-based safety solutions for truck drivers. The platform offers training, rating for drivers, performanced linked incentives, and more. They provide features like sleep detection alerts, a drivers helpline, and more.
- Headquarters Pune, India
- Employees 1
- Founders Jehaan Kotwal
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website goodmind.in
- Legal Name Good Mind Private Limited
- Date of Incorporation 17 Dec, 2019
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹24 Lakh
FY 2024 · -83% YoY
- Net Loss-₹88.1 Lakh
FY 2024 · -366% margin
- EBITDA-₹52.4 Lakh
FY 2024 · -218% margin
- Total Equity Funding$256.13K (USD)
in 3 rounds
- Latest Funding Round$59.71K (USD), Grant
Jul 2024
- Investors
- Employee Count1
Associated legal entities of GoodMind
GoodMind operates through Good Mind Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Good Mind Private Limited CIN U74999PN2019PTC188458 | Active | 17 Dec 2019 | Pune, Maharashtra | ₹0.2 Cr | 6 | 2 | View details |
Funding Insights of GoodMind
GoodMind has successfully raised a total of $256.13K across 3 strategic funding rounds. The most recent funding activity was a Grant round of $59.71 thousand completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $256,126
- Total Rounds 3
- Last Round Grant — $59,711
- First Round $172,107
(Sep 2020)
- Investors Count 10
All 3 funding rounds of GoodMind with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $59,711 | Grant | – | Social Alpha | |
| Feb 2022 | $84,019 | Seed | $1.71M | Master Group, Cyrus Gazdar | |
| Sep 2020 | $172,107 | Seed | $1.71M | DNY Corporate Advisory Private Limited, Master Group |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $1.71M | •••••••• |
| Sep 2020 | $1.71M | •••••••• |
Last known valuation $1.71M (Feb 2022). 10 investors in total: 5 institutional and 5 angel.
Investors in GoodMind
GoodMind has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DNY Corporate Advisory Private Limited, Social Alpha and Migrants Resilience Collaborative.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable startups are supported via innovation curation and venture funding. | socialalpha.org | Bengaluru, India | ||
Private equity firm focused on multiple sectors | mahatihydropowervidharbha.tcc.mode | Pune, India | ||
Master Group is engaged in maritime logistics and renewable energy solutions. | mastergroups.com | Mumbai, India | ||
Provides comprehensive solutions for consumer and SME loans. | dnyca.co.in | Pune, India | ||
CG Cyrus Gazdar | unknown_a1ce948abadc47678 | |||
SP Suraj Pawar | Angel investor and entrepreneur, co-founder of The Good Glamm Group. | unknown_56d488628e324c8fb | ||
NF Naushad Forbes | Co-Chairman of Forbes Marshall, angel investor, and industry leader in India | unknown_dce04ed84b724aa29 | ||
FF Farhad Forbes | unknown_540ff04145494500b | |||
MR Manoj Rajkumar Bansal | unknown_c7ce3ca310664d2ba | |||
A collaborative focused on social protection for vulnerable migrants is operated. | 2022 | migrantresilience.org |
Investor details for GoodMind
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Good Mind Private Limited (GoodMind)
Good Mind Private Limited is the primary company behind GoodMind. The board of Good Mind Private Limited currently have 2 directors; the longest-serving is Adil Keki Kotwal, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Adil Keki Kotwal DIN 05017759 | Director | 17 Dec 2019 | 6 yrs 10 mo | Good Mind Private Limited |
| Jehaan Adil Kotwal DIN 07389464 | Director | 17 Dec 2019 | 6 yrs 10 mo | Good Mind Private Limited |
People of GoodMind
1 people are tracked at GoodMind (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for GoodMind
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of GoodMind
Figures of Good Mind Private Limited, the primary company behind GoodMind, for FY 2024. Revenue was ₹24 Lakh (-83% year on year). Net loss was -₹88.1 Lakh (-366% margin). EBITDA was -₹52.4 Lakh (-218% margin). Revenue has grown at a compounded annual rate of +1718% over three years.
- ₹24 LakhRevenue · FY 2024 · -83% YoY
- -₹88.1 LakhNet loss · -366% margin
- -₹52.4 LakhEBITDA · -218% margin
- ₹1.2 LakhPaid-up capital
- 6Employees (provident fund records)
- +1718%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Good Mind Private Limited are on its company page.
Detailed financial statements for GoodMind
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of GoodMind
4 dated milestones of GoodMind across 5 years, from founding to its latest funding, stage changes and deals.
- Founded GoodMind is founded.
- Funding First funding round of $172K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant, of $60K.
Top companies in Trucking
2 companies that operate in the same segment as GoodMind (Trucking) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multimodal logistics and supply chain solutions are provided comprehensively. | 1958 | Gurugram, Haryana, India | USD 524.07 M | 13,460 | ||
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 |
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Frequently Asked Questions about GoodMind
GoodMind was founded in 2019 and raised its 1st funding round 1 year after it was founded.
GoodMind is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
GoodMind is a funded company, having raised a total of $256.13K across 3 funding rounds to date. The company's 1st funding round was a Seed of $172.11K, raised on Sep 2020.
GoodMind has 1 employees.
The primary company behind GoodMind, Good Mind Private Limited, reported revenue of ₹24 Lakh for FY 2024, down 83% year on year.
App-based safety solutions for truck drivers. The platform offers training, rating for drivers, performanced linked incentives, and more. They provide features like sleep detection alerts, a drivers helpline, and more.
GoodMind has 10 investors. Key investors include DNY Corporate Advisory Private Limited, Social Alpha, Migrants Resilience Collaborative, Master Group, and Mahati Hydro Power Vidharbha.
The valuation of GoodMind is $1.71M as of Feb 2022.
GoodMind operates through Good Mind Private Limited.
The legal entities of GoodMind currently have 2 directors, including Adil Keki Kotwal, Jehaan Adil Kotwal.