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Yali Capital Closes Maiden Deeptech Fund at ₹893 Crore

Yali Capital’s dual-structure capital raise drew global investors along with domestic backers in support of early-stage deeptech startups.

Yali Capital Raises ₹893 Crores to Back India's Deep Tech Revolution

Overview

  • Yali Capital closed its maiden deeptech fund at ₹893 crore, surpassing its ₹500 crore target and fully exercising the ₹310 crore greenshoe option.
  • The fund combines a SEBI-registered AIF with a GIFT City feeder vehicle to attract investment from global limited partners as well as domestic backers.
  • Two-thirds of the corpus is earmarked for early-stage ventures in seed and Series A rounds, with the remainder reserved for late-stage Series D and beyond deeptech companies.
  • Limited partners include corporates such as Infosys, Qualcomm Ventures and Tata AIG, policy-backed vehicles DPIIT Fund of Funds for Startups and Self-Reliant India Fund, and individual investors including Kris Gopalakrishnan, Gopal Srinivasan and Utpal Sheth.
  • Yali Capital has deployed capital into five startups—C2I Semiconductor, 4baseCare and Perceptyne among them—and aims to grow its portfolio to eight companies by December.