Yali Capital Closes $104M Deeptech Fund Exceeding Targets

Yali Capital, a Bengaluru-based venture capital firm, has successfully closed its debut deep tech-focused fund at Rs 893 crore (approximately $104 million), surpassing its initial target of Rs 500 crore plus a Rs 310 crore greenshoe option. The fund targets investments across early-stage (Seed, Series A) and late-stage (Series D and beyond) deep tech sectors including semiconductors, artificial intelligence, robotics, genomics, aerospace/surveillance, and smart manufacturing. The fund has attracted significant backing from notable corporates such as Infosys, Qualcomm Ventures, Tata AIG, and institutional investors including the DPIIT Fund of Funds for Startups and the Self-Reliant India Fund, as well as prominent individual investors like Kris Gopalakrishnan and Lip-Bu Tan. Yali Capital has already invested in five startups, including C2I Semiconductor, 4baseCare, and Perceptyne, and plans to expand its portfolio to eight companies by year-end, with a focus on deploying 70% of capital in early-stage and 30% in growth-stage companies. The firm operates through a dual structure comprising a SEBI-registered AIF and a GIFT City-based feeder vehicle to attract global capital, emphasizing hands-on support to founders beyond capital provision. This fundraise reflects growing investor confidence and increased venture capital activity in India's deep tech ecosystem amid favorable government initiatives and a robust tech community.