📋 Tender Overview
Project Number: 49961
Company Name: Alkemi Growth Capital LLP
Date SPI Disclosed: Sep 10, 2024
Country: India
Region: South Asia
Projected Board Date: Oct 9, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Disruptive Tech, Service & Funds
Industry: Funds
Sector: Venture Capital Fund
Project Description
IFC is considering an equity investment of up to US$10 million in Alkemi Venture Fund II – Scheme I ( Alkemi II or the Fund ), an India domiciled, early-stage venture capital fund exclusively focused on healthcare.
Total Project Cost and amount and nature of IFC's Investment:
The Fund is targeting to raise US$75 million and has reached a first-close of US$49.7 million.
IFC has proposed an equity investment of up to US$10 million (not to exceed 20% of total fund size) and a co-investment envelope of US$5 million.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
