Alkemi Growth Capital

Health and wellbeing, rather than food, clothing and shelter alone, is how this Indian investment fund frames the basic needs of a population, and the idea runs through everything it says about itself. The fund describes its mission as lifting wellbeing among Indian consumers, with returns for its shareholders as the second aim, and it calls itself an early-stage healthcare and wellness venture fund for the country.

An India-only, sector-only mandate

The fund invests exclusively in scalable healthcare and wellness companies. According to its site, a company has to show validated product-market fit, leadership aligned with good governance and a clear route to institutional scale. It pairs that sector specialisation with concentrated, high-conviction positions and what it calls disciplined underwriting.

Hands-on work after the investment

The fund says it does not apply one template to every company. Its engagement is tailored and rests on a set of pillars:

• stabilising and formalising company processes
• supporting revenue growth through its network of operators and clinicians, in India and abroad
• keeping spending disciplined
• helping the company raise follow-on capital
• sharpening the core drivers of value and the structures behind faster decisions
• aligning incentives and culture with long-term value creation

It also says it tries to support founders through the uneven stretches of building a company.

Portfolio of healthcare and consumer businesses

The portfolio shown on the site is varied. It includes a diagnostics network the fund describes as one of the five largest in India, a women's hygiene and personal care brand that has since been exited, a professional network for physicians across Southeast Asia, a retail pharmacy chain with more than a hundred stores offering generic medicines, a healthcare-focused programmatic advertising platform, and a healthy snacking brand. The fund takes both lead and co-investor roles, mostly at Series A.

The site also reports figures on follow-on capital raised by its companies, jobs created and dialogues it has convened among stakeholders in India's healthcare ecosystem.

Alkemi Growth Capital is a venture fund for healthcare and wellness businesses in India. Its mission is to improve the health and well-being of Indian consumers while earning returns for its shareholders.

What Alkemi Growth Capital does

• Growth investment: capital for scalable companies with proven product-market fit and a route to institutional scale.
• Process support: help stabilising and formalising company operations.
• Revenue support: use of its operator and clinical network to expand sales.
• Tailored engagement: no single approach for every company.

Who it serves

Founders who have a clear vision, tolerate setbacks and build companies that change consumer health and well-being. The firm invests only in healthcare and wellness.

Key facts

• Market: India
• Legal form: limited liability partnership
• Focus: early-stage healthcare and wellness