Yali Capital has successfully closed its maiden deeptech-focused fund at ₹893 crore (around $103.2 million), surpassing its initial target. The fund, launched in July last year with a base of ₹810 crore, aims to back high-potential early-stage startups in the deeptech space.
What Sectors Will It Back?
Yali Capital is betting big on India’s future in innovation. The fund plans to invest across chip design, robotics, AI, genomics, smart manufacturing, and aerospace — sectors where India is still catching up globally.
Backed by Big Names
The fund saw participation from heavyweights like Infosys, Qualcomm Ventures, and the DPIIT Fund of Funds. It also brought in individual investors such as TVS Capital’s Gopal Srinivasan, Rare Enterprises’ Utpal Sheth, and JM Financial’s Vishal Kampani.
Already Made Its First Bets
Yali has already deployed capital in five startups, including 4baseCare (genomics), Perceptyne Robots, and C2i Semiconductors (fabless chip design). The firm aims to expand its portfolio to at least 8 deeptech companies by year-end.
India Needs to Catch Up
“China is already ahead in deeptech and has even overtaken the US. India has the potential but a long way to go,” said Ganapathy Subramaniam, Co-founder of Yali Capital. The fund aims to bridge that gap — one early-stage bet at a time.
