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Alkemi Growth Capital is an early-stage growth investor based in New Delhi, India, founded in 2018 by Alka Goel. The firm is one of the few women-led venture funds in India, focusing primarily on the healthcare sector. Alkemi's mission is to enhance the health and well-being of Indian consumers while maximizing returns for shareholders. The firm is currently in the process of raising its second fund, Fund II, as of late 2024.
Alkemi Growth Capital has approximately $34 million in assets under management (AUM) from its first fund. The firm has a strong team composed of former partners from McKinsey & Co. and graduates from prestigious institutions such as IIM-Ahmedabad and AIIMS. This diverse background equips the team with the expertise necessary to navigate the complexities of the healthcare industry.
Alkemi Growth Capital invests in the healthcare sector, specifically targeting early-stage companies that can significantly impact consumer wellness. The firm focuses on a range of sub-sectors, including digital health, specialty care, medtech, and wellness solutions. Alkemi's investment strategy emphasizes supporting entrepreneurs who demonstrate boldness and perseverance in overcoming challenges.
The firm typically invests in companies at the pre-seed, seed, and Series A stages, with check sizes ranging from $100,000 to $5 million, and a sweet spot around $1.5 million. Alkemi's geographic focus is primarily on India, where the healthcare sector is experiencing rapid growth, projected to reach $21.5 billion in investments from FY2019 to FY2025, growing at twice the GDP rate.
Alkemi Growth Capital has built a diverse portfolio of companies within the healthcare sector. Notable investments include:
This portfolio reflects Alkemi's commitment to enhancing consumer health outcomes across India's rapidly evolving healthcare landscape.
Alka Goel — Founding & Managing Partner; based in Delhi/New York; returned from the US to launch the fund; recognized as an emerging manager and a prominent figure for women in VC within the Indian startup ecosystem.
Dr. Mansi Aggarwal — Partner; brings expertise in healthcare and investment strategies.
Jagannath Banavalikar — Team Member; contributes to investment analysis and portfolio management.
Rony Saha — Team Member; focuses on operational support for portfolio companies.
Gagan Singh — Team Member; involved in market research and due diligence.
Priyanka Bose — Team Member; assists in deal sourcing and evaluation.
Vedant Anand — Team Member; supports financial modeling and analysis.
To pitch Alkemi Growth Capital, founders should submit their proposals through the firm's website at alkemivp.com. It is recommended to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. Alkemi prefers warm introductions but will consider direct submissions as well. Response times can vary, but founders should expect to hear back within a few weeks.
As of October 2024, Alkemi Growth Capital is actively fundraising for its second fund, Fund II. The firm has been recognized in various publications, including Entrepreneur India and BioSpectrum India, for its contributions to the healthcare investment space. In 2024, Alkemi hosted closed-door sessions for limited partners and founders, fostering community engagement and collaboration among its portfolio companies.
What are Alkemi Growth Capital's investment criteria?
Alkemi Growth Capital focuses on early-stage companies in the healthcare sector that can significantly impact consumer wellness. They look for entrepreneurs who are bold and resilient in facing challenges.
How can I pitch to Alkemi Growth Capital?
Founders can pitch their startups through the Alkemi Growth Capital website at alkemivp.com. It is advisable to include a clear business model, market analysis, and team background in the pitch deck.
What makes Alkemi Growth Capital different from other VCs?
Alkemi is one of the few women-led venture funds in India, emphasizing a strong commitment to the healthcare sector and consumer wellness. Their team has extensive experience in consulting and healthcare, providing unique insights into the industry.
What is the typical check size for investments?
Alkemi Growth Capital typically invests between $100,000 and $5 million, with a sweet spot around $1.5 million for early-stage companies.
What geographic areas does Alkemi focus on?
The firm primarily invests in India, targeting the rapidly growing healthcare market within the country.
What kind of support do portfolio companies receive?
Alkemi Growth Capital provides operational support, mentorship, and access to a network of industry experts to help portfolio companies scale effectively.
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