Investment

Yali Capital Closes Inaugural Deeptech Fund at ₹893 Crore, Backed by Infosys, Qualcomm Ventures & DPIIT

• ByStartupStory     |    July 25, 2025

Venture capital firm Yali Capital has announced the final close of its maiden deeptech-focused fund at ₹893 crore, significantly exceeding its initial target of ₹500 crore and the additional ₹310 crore greenshoe option.

With participation from marquee corporate and institutional investors—including Infosys, Qualcomm Ventures, Tata AIG, the DPIIT Fund of Funds for Startups, and the Self-Reliant India Fund—Yali Capital aims to drive investments into India’s burgeoning deeptech ecosystem across both early-stage (seed to Series A) and late-stage (Series D and beyond) companies.

The fund also boasts an impressive lineup of Limited Partners (LPs), such as Infosys co-founder Kris Gopalakrishnan, TVS Capital founder Gopal Srinivasan, and RARE Enterprises CEO Utpal Sheth. Notably, Intel CEO Pat Gelsinger and veteran investor Lip-Bu Tan serve as advisors to the firm, underlining its global ambitions and tech credibility.

Yali Capital operates through a dual structure comprising a SEBI-registered AIF (Alternative Investment Fund) and a GIFT City-based feeder vehicle to attract international investors. The firm has already deployed capital into five deeptech startups, including C2I Semiconductor, 4baseCare, and Perceptyne, with plans to expand its portfolio to eight companies by the end of 2025.

“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,” said Ganapathy Subramaniam, Founding Managing Partner at Yali Capital.

The announcement comes amid growing investor interest in India’s deeptech sector, driven by rising innovation in areas such as chip design, AI, quantum computing, and advanced materials. According to Venture Intelligence data, 24 deeptech startups raised $169 million between January and March 2025, up from 17 startups raising $107 million in the same period last year.

This trend reflects a broader shift among VC firms to accommodate the unique demands of deeptech ventures, including longer product development cycles, capital-intensive R&D, and specialized go-to-market strategies.

Yali Capital’s fund closure is a strong vote of confidence in the future of Indian innovation and reinforces the country’s growing prominence in the global deeptech landscape.

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