We are pleased to announce that Phoenix Legal acted for Alkemi Growth Capital in relation to its investment in a growth funding round of Medvital Ventures Private Limited (Medvital), a company engaged in the business of manufacturing, trading and distribution of smart medical devices.

The funding round was led by Alkemi Growth Capital and also saw participation from Shubhan Ventures and certain existing investors. The funding from Alkemi Growth Capital and other investors will enable Medvital to scale its operations and further expedite product development.

The Phoenix Legal team for this transaction was led by Sumit Sinha (Partner), with support from Sukanya Bhattacharya (Associate Partner), Sachit Singla (Senior Associate), and Anupriya Singh (Associate).