Investment

Yali Capital Launches Rs 810 Crore Fund for Deeptech Startups

• ByStartupStory     |    July 22, 2024

Yali Capital has announced the launch of a Rs 810 crore venture fund, including a Rs 310 crore greenshoe option, to support early-stage deeptech startups in India. The SEBI-approved Category 2 AIF Yali Capital will focus on investing in areas such as chip design, robotics, genomics, smart manufacturing, aerospace, and AI, according to a press release.

Co-founded by Ganapathy Subramaniam, former CEO of Cosmic Circuits, and Mathew Cyriac, Executive Chairman of Florintree, Yali Capital aims to leverage India’s inherent strengths in deeptech to drive innovation and growth in these cutting-edge sectors. The fund has already approved investments in four deeptech companies and expects to complete these investments by the third quarter of 2024.

“We believe India is inherently strong in deeptech. As a country, we have 40 years of high-quality chip design experience. India is also very strong in robotics and is now gaining ground in genomics, smart manufacturing, etc.,” stated Ganapathy Subramaniam, Founding Managing Partner of Yali Capital.

Mathew Cyriac, Founding General Partner of Yali Capital, expressed optimism about the future of homegrown deeptech companies. “I see strong opportunities in homegrown deep tech companies in sectors such as aerospace, imaging, instrumentations and several other emerging areas,” he added.

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