Bengaluru-based venture capital firm Yali Capital has successfully closed its maiden deeptech-focused fund at ₹893 crore (approximately $104 million), surpassing its initial target. Launched in 2024, this fund marks a significant step towards fueling innovation in India's burgeoning deeptech sector.
The fund, structured as a SEBI-registered Category II Alternative Investment Fund, exceeded its original corpus target of ₹810 crore, including a greenshoe option of ₹310 crore. Key investors include prominent names like Infosys, Qualcomm Ventures, Tata AIG, and the DPIIT Fund of Funds for Startups managed by SIDBI.
Yali Capital aims to invest in both early-stage (Seed, Series A) and late-stage (Series D and beyond) startups. The focus will be on transformative sectors such as semiconductors, AI, robotics, genomics, aerospace/surveillance, and smart manufacturing.
With this substantial capital, the firm plans to back the next generation of Indian startups, driving technological advancements and global competitiveness. Yali Capital is eyeing to build a portfolio of around eight companies by the end of the year.
This development reflects the growing investor confidence in India's deeptech ecosystem, which is poised to address complex challenges through cutting-edge solutions. The fund's closure is a testament to the potential of Indian innovation on the global stage.
As Yali Capital deploys this fund, it is expected to play a pivotal role in shaping the future of technology in India, fostering an environment where groundbreaking ideas can thrive and scale.
Maria Lourdes
