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Indian VC

Alkemi Growth Capital

Alkemi Growth Capital is a New Delhi-based venture capital firm founded by Alka Goel in 2018, one of the few women-led funds in India. It invests mainly at the series A stage in healthcare and consumer wellness, with checks between $100,000 and $3 million. A first fund near $34 million backed a portfolio that has grown to 25 companies, including Quick Clean, Redcliffe Labs, and Farmley.

Overview

Alkemi Growth Capital is a venture capital firm based in New Delhi. Alka Goel founded the firm in 2018. She built her career between Delhi and New York before starting Alkemi. The firm centers its work on healthcare and consumer wellness. It stands out as one of India's few women-led venture funds. Its team includes former McKinsey partners and graduates of IIM-Ahmedabad and AIIMS.

Investment Focus and Stage

Alkemi Growth Capital invests mainly at the series A stage. It also backs companies at seed and series B rounds. Check sizes range from $100,000 to $3 million across these stages. The firm looks for bold founders building consumer wellness businesses. Life sciences and retail-linked companies also fit its focus.

Fund Size and Portfolio

Alkemi's first fund held about $34 million in assets under management. The firm was raising a second fund as of late 2024. Its portfolio has grown to 25 companies as of mid-2026. Quick Clean raised $6 million in a 2025 series B round the firm backed. Redcliffe Labs and Farmley also sit within its wider portfolio. One portfolio company, Doxper, was later acquired.

Leadership

Alka Goel founded Alkemi Growth Capital and serves as its founding partner. She has built one of the few women-led venture funds in India. Her team draws heavily on former McKinsey & Co. partners. Graduates of IIM-Ahmedabad and AIIMS round out the group. Goel has spoken publicly about venture capital in capital-constrained markets.

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