Bengaluru-based Yali Capital has announced the launch of its Rs 810 crore venture fund, including a Rs 310 crore greenshoe option, aimed at supporting early-stage deeptech startups across India.
Co-founded by Ganapathy Subramaniam (Gani), former CEO of Cosmic Circuits, and Mathew Cyriac, Executive Chairman of Florintree, Yali Capital aims to invest in innovative sectors such as chip design, robotics, genomics, smart manufacturing, aerospace, and AI.
Co-founder Vision
Ganapathy Subramaniam, Founding Managing Partner of Yali Capital, highlighted India’s strengths in deeptech, citing the country’s robust experience in chip design and advancements in robotics, genomics, and smart manufacturing.
Mathew Cyriac, Founding General Partner of Yali Capital and founder of Florintree Advisors, emphasized opportunities in sectors like aerospace, imaging, and instrumentation. He also noted the advisory role of Lip-Bu Tan, former CEO of Cadence, known for his significant contributions to tech companies.
Investor Confidence
Yali Capital’s limited partners include top tech executives from India and the USA, reflecting strong investor confidence in India’s deeptech capabilities. The fund aims to leverage this collective experience to foster deep tech innovation in the country.
Early Investments
Already approving investments in four deeptech startups, Yali Capital expects to finalize these deals by the third quarter of 2024. This proactive approach underscores their commitment to nurturing and scaling homegrown deeptech ventures.
Yali Capital Rs 810 crore deeptech venture fund marks a significant boost for India’s technology sector, targeting critical areas like chip design, robotics, and AI. With seasoned leadership and strategic partnerships, the fund is poised to propel the growth of deeptech startups across Bengaluru and beyond, fostering innovation and technological advancement in the region.
