Team Startupcity

·  Yali Capital surpasses fundraising target for its debut deeptech-focused fund.

·  LPs include Infosys, Qualcomm Ventures, Tata AIG, and top Indian entrepreneu Rs .

·  Investments span AI, semiconducto , robotics, genomics, aerospace, and smart manufacturing.

Yali Capital, a SEBI-registered Category II Alternative Investment Fund (AIF), has declared final close of its fi Rs t deeptech-oriented fund at   Rs 893 crore (about $104 million), well above its initial target of   Rs 500 crore and an over-allotment greenshoe option of another   Rs 310 crore.

The fund focuses on investing in early-stage (Seed, Series A) and late-stage (Series D and later) startups in deeptech areas like semiconducto Rs , artificial intelligence, robotics, genomics, aerospace and surveillance, and smart manufacturing.

Also Read- India's Semiconductor Sector Gains Momentum with $21 Billion Project Pipeline

The investor group consists of corporate giants such as Infosys, Qualcomm Ventures, and Tata AIG, in addition to institutional capital from DPIIT's Fund of Funds for Startups and the Self-Reliant India Fund. The LP list includes a number of well-known individual investo Rs  such as Kris Gopalakrishnan (Pratithi), Gopal Srinivasan (TVS Capital's founder), Vallabh Bhansali (ENAM), Utpal Sheth (CEO, RARE Enterprises), Vishal Kampani (MD, JM Financial), Sanjay Nayak (Tejas Networks' co-founder), Nambi Seshadri (former CTO, Broadcom Wireless), and C. Srinivasan (Cosmic Circuits' co-founder).

It is encouraging to see government agencies, international companies, and seasoned entrepreneu Rs  come on board Yali's deeptech mission. I look forward to backing their efforts at creating a solid foundation for India's deeptech ecosystem," said Lip-Bu Tan, a world-respected investor.

Founded by Ganapathy Subramaniam, who co-founded Cosmic Circuits, and Mathew Cyriac, former India co-head at Blackstone, Yali Capital operates in a dual structure: "an SEBI-registered AIF as well as a feeder vehicle located in GIFT City to accept capital across the borde Rs ." The firm has already invested in five companies in chip design and artificial intelligence besides othe Rs , and intends to grow the portfolio in eight companies to the end of this year.

 “Nearly one-third of the fund will go into late-stage deeptech ventures. India has a real chance to create globally competitive public companies in this space. We’re thankful to the global investor community for their trust,” said Mathew Cyriac, Co-founder and Managing Partner of Yali Capital.

Yali Capital has already backed startups such as C2I Semiconductor, 4basecare, and Perceptyne, and intends to continue deploying capital steadily over the next four yea Rs .

"With more than two-thirds of our fund committed to early-stage deeptech start-ups, we're strongly focused on developing visionary founde Rs  with patient, long-term capital. We firmly believe India's deeptech future is only just unfolding," said Ganapathy Subramaniam, Yali Capital's Founding Managing Partner.