Latest news with #YaliCapital
Entrepreneur
6 days ago
- Business
- Entrepreneur
Yali Capital Closes ₹893 Crore Deep Tech Fund
The fund will invest in both early-stage (Seed, Series A) and late-stage (Series D and beyond) startups, with a strong emphasis on deep-tech domains such as semiconductors, artificial intelligence, robotics, genomics, aerospace/surveillance, and smart manufacturing. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Yali Capital, a SEBI-registered Category II Alternative Investment Fund (AIF), has announced the successful close of its maiden deep tech-focused fund at INR 893 crore (approximately USD 104 million), significantly surpassing its initial target of INR 500 crore and a INR 310 crore greenshoe option. The fund will invest in both early-stage (Seed, Series A) and late-stage (Series D and beyond) startups, with a strong emphasis on deep-tech domains such as semiconductors, artificial intelligence, robotics, genomics, aerospace/surveillance, and smart manufacturing. Lip-Bu Tan, veteran investor and advisor to Yali Capital, said, "I strongly believe in India's deep tech capabilities. It is heartening to see the government, global corporations, and successful entrepreneurs come together to back Yali's deep tech thesis. I look forward to supporting Yali in laying the foundation for India's deep tech ecosystem." To attract a global investor base, Yali Capital operates through a dual-structure setup, comprising the SEBI-regulated AIF and a feeder vehicle based in GIFT City. The firm has already made five investments, covering sectors like chip design and AI, and aims to expand its portfolio to eight companies by the end of the year. Yali's Limited Partners (LPs) span a diverse and influential set of backers, including: Infosys, Qualcomm Ventures, Tata AIG; Funds of Funds such as DPIIT's Fund of Funds for Startups (managed by SIDBI), Self-Reliant India Fund, Evolvence, and Singularity FOF; Prominent Individuals such as Kris Gopalakrishnan (Pratithi), Gopal Srinivasan (TVS Capital), Vallabh Bhansali (ENAM), Utpal Sheth (RARE Enterprises), Vishal Kampani (JM Financial), Sanjay Nayak (Tejas Networks), Nambi Seshadri (ex-CTO, Broadcom Wireless), and C. Srinivasan (Cosmic Circuits). Mathew Cyriac, General Partner at Yali Capital, stated: "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. We are grateful to the global investor community for backing our vision." Yali has already disclosed investments in companies including C2I Semiconductor, 4basecare, and Perceptyne. The fund intends to continue deploying capital actively over the next four years. Ganapathy Subramaniam, Founding Managing Partner of Yali Capital, added, "We are deeply grateful for the overwhelming support from the global tech community. Two-thirds of the fund will be deployed in early-stage deep tech startups. We firmly believe in India's deep tech potential and are committed to backing visionary founders with patient capital."
Time of India
6 days ago
- Business
- Time of India
B'luru's Yali closes Rs 893cr deeptech fund
BENGALURU: Bengaluru-based Yali Capital closed its debut deep tech-focused fund at Rs 893 crore, exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace, and smart manufacturing. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
6 days ago
- Business
- Time of India
Yali Capital closes Rs 893 crore deeptech fund
Bengaluru: Bengaluru-based Yali Capital closed its debut deep tech-focused fund at Rs 893 crore, exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace, and smart manufacturing. Tired of too many ads? go ad free now Founding managing partner Ganapathy Subramaniam told TOI that the fundraise was completed entirely through word-of-mouth, without any bankers or distributors. "Nearly 78% of our capital came from India – entrepreneurs, family offices, fund-of-funds like Sidbi's FFS and Self-Reliant India Fund, and corporate backers including Infosys and Qualcomm," he said. The fund's leadership team also committed Rs 15 crore each to the vehicle. Yali Capital operates through a dual structure comprising a Sebi-registered AIF and a GIFT City-based feeder vehicle to attract global capital. The firm has already backed five startups and plans to invest in three more by the end of the year. The average ticket size ranges from $2 million to $10 million, with ownership targets varying from 20% at seed stage to as low as 5% in late-stage deals. The fund will allocate 70% of capital to early-stage bets and the remaining 30% to growth-stage investments, primarily in companies at Series D and beyond. "Of the early-stage capital, about 45% will go into first institutional rounds and 25% into follow-ons," Subramaniam said, adding that the fund will not participate in secondary transactions. Subramaniam, who previously led and backed deep tech companies such as Cosmic Circuits, IdeaForge, and Tonbo Imaging, said the team brings strong operator experience and intends to work closely with founders. "Today alone, two of our portfolio startups spent three hours each with us. Tired of too many ads? go ad free now We're not just capital providers; we want to help execute the vision," he said. While Yali's early-stage focus will be on experienced or university-affiliated founders in deep tech, the late-stage strategy leans heavily on partner Mathew Cyriac's track record of taking companies like MTAR Technologies and Data Patterns public. "India has several deep tech firms doing hundreds of crores in revenue but struggling to scale. We want to come in, back them with capital and execution, and take them public," Subramaniam said. Asked about sectoral depth, he flagged manufacturing, robotics, and chip design as areas with strong founder readiness. "India is the world's second-largest chip design talent pool. The challenge is converting that into product companies that can compete globally," he said. The firm expects to announce a large investment in the chip design space in the coming weeks. While India's domestic deep tech market remains early, Subramaniam said the LP response and founder momentum point to a long-term inflection. "The ecosystem is maturing. There's plenty of pipeline. Now it's about patient capital and execution."
Economic Times
6 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
6 days ago
- Business
- Time of India
Yali Capital closes Rs 893 cr deeptech fund, eyes 8 portfolio firms by year-end
BENGALURU: Bengaluru-based Yali Capital has closed its debut deep tech-focused fund at Rs 893 crore (about $104 million), exceeding its original Rs 500 crore target and Rs 310 crore greenshoe option. The Sebi-registered Category II AIF plans to deploy the fund across early-stage and late-stage investments in sectors such as semiconductors, AI, robotics, aerospace and smart manufacturing. Founding Managing Partner Ganapathy Subramaniam told TOI that the fundraise was completed entirely through word-of-mouth, without any bankers or distributors. 'Nearly 78% of our capital has come from India – entrepreneurs, family offices, fund-of-funds like Sidbi's FFS and Self-Reliant India Fund, and corporate backers including Infosys and Qualcomm,' he said. The fund's leadership team also committed Rs 15 crore each to the vehicle. Yali Capital operates through a dual structure comprising a Sebi-registered AIF and a GIFT City-based feeder vehicle to attract global capital. The firm has already backed five startups and plans to invest in three more by the end of the year. The average cheque size ranges from $2 million to $10 million, with ownership targets varying from 20% at seed stage to as low as 5% in late-stage deals. The fund will allocate 70% of capital to early-stage bets and the remaining 30% to growth-stage investments, primarily in companies at Series D and beyond. 'Of the early-stage capital, about 45% will go into first institutional rounds and 25% into follow-ons,' Subramaniam said, adding that the fund will not participate in secondary transactions. Subramaniam, who has previously led and backed deep tech companies such as Cosmic Circuits, IdeaForge and Tonbo Imaging, said the team brings strong operator experience and intends to work closely with founders. 'Today alone, two of our portfolio startups spent three hours each with us. We're not just capital providers, we want to help execute the vision,' he said. While Yali's early-stage focus will be on experienced or university-affiliated founders in deep tech, the late-stage strategy leans heavily on partner Mathew Cyriac's track record of taking companies like MTAR Technologies and Data Patterns public. 'India has several deep tech firms doing hundreds of crores in revenue but struggling to scale. We want to come in, back them with capital and execution, and take them public,' Subramaniam said. Asked about sectoral depth, he flagged manufacturing, robotics, and chip design as areas with strong founder readiness. 'India is the world's second-largest chip design talent pool. The challenge is converting that into product companies that can compete globally,' he said. The firm expects to announce a large investment in the chip design space in the coming weeks. While India's domestic deep tech market remains early, Subramaniam said the LP response and founder momentum point to a long-term inflection. 'The ecosystem is maturing. There's plenty of pipeline. Now it's about patient capital and execution.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
