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Economic Times
4 days ago
- Business
- Economic Times
VC fund Yali Capital closes first deeptech fund at Rs 893 crore; exceeds target
Deeptech-focussed venture capital fund Yali Capital on Friday announced the final close of its maiden fund at Rs 893 crore (around $104 million). The fund, launched in July last year, has exceeded the target corpus of Rs 810 crore, which included a greenshoe option of Rs 310 crore. This is a provision that allows a fund to raise more capital than originally targeted in case of higher-than-expected demand. Through this fund, Yali plans to invest across early- and late-stage companies with a focus on deeptech sectors, including semiconductors, artificial intelligence (AI), robotics, genomics, aerospace/surveillance, and smart manufacturing. Yali has already deployed capital in five companies, including fabless chip design company C2I Semiconductor, healthcare startup 4basecare, and robotics startup Perceptyne. It plans to invest in three more companies by the end of this fund is helmed by Ganapathy Subramaniam, a former partner at Celesta Capital, and Mathew Cyriac, former private equity (PE) co-head for Blackstone in India and executive chairman of PE firm Florintree Capital Partners.'Nearly a third of our fund will be invested in late-stage deep tech companies. India has a real opportunity to build globally competitive public companies in this space,' said Cyriac. The Bengaluru-based fund is a Securities and Exchange Board of India (Sebi)-approved Category 2 Alternate Investment Fund (AIF). Infosys, Qualcomm Ventures, Tata AIG, DPIIT Fund of Funds for Startups (managed by SIDBI), Self-Reliant India (SRI) Fund, and Evolvence are among other investors who participated in the fundraise. 'We firmly believe in India's deeptech potential and are committed to backing visionary founders with patient capital,' said Subramaniam. In June, ET had reported that Indian deeptech funds are raising fresh funds to step up investments as more companies come into this space on the back of government initiatives, a favourable geopolitical landscape, and rapid technological advancement. Investments in deeptech companies doubled in the first four months of 2025 to $324 million across 35 deals against $156 million from 21 deals in the same period last year, as per data from Venture Intelligence.
Time of India
4 days ago
- Business
- Time of India
VC fund Yali Capital closes first deeptech fund at Rs 893 crore; exceeds target
The fund has exceeded the target corpus of Rs 810 crore, including a greenshoe option of Rs 310 crore. Infosys, Qualcomm Ventures, Tata AIG, DPIIT Fund of Funds for Startups (managed by SIDBI), Self-Reliant India Fund, and Evolvence also participated in the fundraise. The money will be invested across early- and late-stage companies in the deeptech space, including semiconductors, AI, robotics, genomics, aerospace/surveillance, and smart manufacturing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Deeptech-focussed venture capital fund Yali Capital on Friday announced the final close of its maiden fund at Rs 893 crore (around $104 million).The fund, launched in July last year, has exceeded the target corpus of Rs 810 crore, which included a greenshoe option of Rs 310 crore. This is a provision that allows a fund to raise more capital than originally targeted in case of higher-than-expected this fund, Yali plans to invest across early- and late-stage companies with a focus on deeptech sectors, including semiconductors, artificial intelligence (AI), robotics , genomics, aerospace/surveillance, and smart has already deployed capital in five companies, including fabless chip design company C2I Semiconductor, healthcare startup 4basecare, and robotics startup Perceptyne. It plans to invest in three more companies by the end of this fund is helmed by Ganapathy Subramaniam, a former partner at Celesta Capital, and Mathew Cyriac, former private equity (PE) co-head for Blackstone in India and executive chairman of PE firm Florintree Capital Partners.'Nearly a third of our fund will be invested in late-stage deep tech companies. India has a real opportunity to build globally competitive public companies in this space,' said Bengaluru-based fund is a Securities and Exchange Board of India (Sebi)-approved Category 2 Alternate Investment Fund (AIF). Infosys , Qualcomm Ventures, Tata AIG, DPIIT Fund of Funds for Startups (managed by SIDBI), Self-Reliant India (SRI) Fund, and Evolvence are among other investors who participated in the fundraise.'We firmly believe in India's deeptech potential and are committed to backing visionary founders with patient capital,' said Subramaniam. In June, ET had reported that Indian deeptech funds are raising fresh funds to step up investments as more companies come into this space on the back of government initiatives, a favourable geopolitical landscape, and rapid technological in deeptech companies doubled in the first four months of 2025 to $324 million across 35 deals against $156 million from 21 deals in the same period last year, as per data from Venture Intelligence.
Time of India
25-04-2025
- Business
- Time of India
Infosys Innovation Fund invests in Yali Capital to up deep-tech game plan
Representative Image BENGALURU: The $500 million Infosys Innovation Fund invested in Bengaluru-based VC fund Yali Capital to expand its reach in India's burgeoning deep tech ecosystem to cocreate solutions for its customers. "Our objective is to bring the power of the Infosys ecosystem and the innovation ecosystem together; to drive insights that feed into our strategic direction, to seek ideas to invest in deep tech startups , to co-create solutions for our clients by partnering with start-ups, and in the process elevate the innovation quotient," Infosys said in an internal note. Last year, Yali launched an Rs 810 crore India-focused deep tech fund, including a Rs 310 crore greenshoe option. The fund is co-founded by Ganapathy Subramaniam, former CEO of Cosmic Circuits, and Mathew Cyriac, chairman of Florintree. Yali Capital is a SEBI-approved Category 2 AIF investing in areas such as chip design, robotics, genomics, smart manufacturing, aerospace, AI, and other such sectors with deep tech as its base. It counts Perceptyne and C2i Semiconductors as some of its portfolio years ago, Infosys committed $10 million to US-based VC fund The House Fund, with a minority holding not exceeding 20% of the fund size. The House Fund is an early-stage venture capital fund investing in startups founded by University of California, Berkeley's alumni, faculty, and recent graduates. Infosys also invested Rs 32 crore into venture fund Stellaris Venture Partners. Infosys Innovation Fund's investments include drone startup Ideaforge, UVC Partners in Germany, spacetech startup GalaxEye, and healthcare and life sciences start-up, 4baseCare. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
