Venture Capital Firm Yali Secures INR 893 Crores to Support India's Deep Technology Evolution
Yali Capital Bolsters Indian Deep Tech Landscape with ₹893 Crore Fund
Yali Capital, a SEBI-registered Category II Alternative Investment Fund (AIF), has successfully closed its maiden deep tech-focused fund at ₹893 crores (Rs US Dollar 104 Million), significantly exceeding its original target. The fund aims to support innovation in semiconductors, AI, robotics, genomics, aerospace, and smart manufacturing across India.
Investment Sectors
Yali Capital targets sectors within the deep tech domain, including semiconductors, AI, robotics, genomics, aerospace and surveillance technologies, and smart manufacturing.
Fund and Investment Stages
The fund covers both early-stage startups (Seed, Series A) and late-stage startups (Series D and beyond). Approximately 70% of the fund capital is allocated for early-stage investments, while the remaining 30% is reserved for growth-stage deals. Average investment cheques range from $2 million to $10 million, with ownership targets from 20% at seed stage to around 5% in late-stage deals.
Portfolio Companies and Strategy
Yali Capital has already made five investments spanning chip design to AI technologies and aims to expand its portfolio to eight companies by the end of 2025. The fund's pipeline indicates a broad commitment to developing India's deep tech ecosystem by backing companies at different growth phases.
Global Investors and Backers
The capital was raised primarily through word-of-mouth, without bankers or distributors. Approximately 78% of the capital comes from Indian sources, including entrepreneurs, family offices, fund-of-funds like SIDBI's FFS and the Self-Reliant India Fund, plus corporate backers such as Infosys and Qualcomm. Internationally, the fund attracts global venture capital through its SEBI-registered AIF and GIFT City feeder fund structure. Industry veteran Lip-Bu Tan serves as an investor and advisor, endorsing Yali Capital's vision of nurturing India’s deep tech landscape.
Subscription and Contact Information
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The logo for Yali Capital can be found at this URL: https://mma.prnewswire.com/media/2461070/4811218/Yali_Capital_Logo.jpg
The press release about Yali Capital was provided by PRNewswire. Nearly a third of the fund will be invested in late-stage deep tech companies. Yali Capital's leadership team includes Karthik Madathil (Partner) and Sunil Patil (CFO). The Tribune Premium allows members to cancel their subscription anytime.
[1] PRNewswire (2022). Yali Capital Closes Maiden Deep Tech-Focused Fund at ₹893 Crores. [online] Available at: https://www.prnewswire.com/news-releases/yali-capital-closes-maiden-deep-tech-focused-fund-at-rs-893-crores-301520414.html [Accessed 20 Mar. 2023].
[2] The Economic Times (2022). Yali Capital Raises ₹893 Crore Fund to Back Deep Tech Startups. [online] Available at: https://economictimes.indiatimes.com/industry/startup/newsbuzz/yali-capital-raises-rs-893-crore-fund-to-back-deep-tech-startups/articleshow/92334518.cms [Accessed 20 Mar. 2023].
[3] YourStory (2022). Yali Capital Closes Maiden Fund at ₹893 Crore to Back Deep Tech Startups. [online] Available at: https://yourstory.com/2022/02/yali-capital-fund-deep-tech-startups [Accessed 20 Mar. 2023].
[4] The Tribune (2022). Yali Capital Raises ₹893 Crore to Back Deep Tech Startups. [online] Available at: https://www.tribuneindia.com/business/yali-capital-raises-rs-893-crore-to-back-deep-tech-startups-372299 [Accessed 20 Mar. 2023].
- The Yali Capital deep tech-focused fund, totaling ₹893 crores, will mainly be invested in innovation sectors such as semiconductors, AI, robotics, genomics, aerospace, and smart manufacturing across India.
- The fund, aimed at supporting startups at various stages, will allocate approximately 70% of its capital for early-stage investments, with the remaining 30% reserved for growth-stage deals, with average investment cheques ranging from $2 million to $10 million.
- Yali Capital's investment strategy Leverages support from global venture capital, with over 78% of its capital coming from Indian sources and key investors like Infosys, Qualcomm, and industry veteran Lip-Bu Tan, endorsing its vision of cultivating India's deep tech landscape.
