TLDR:
Yali Capital has launched a Rs 810 crore deep tech venture fund focusing on chip design, robotics, genomics, smart manufacturing, aerospace, and AI. The fund has already approved investments in four deep tech companies and aims to complete these investments by the third quarter of 2024.
Yali Capital, co-founded by Ganapathy Subramaniam and Mathew Cyriac, aims to support early-stage deep tech startups in India. The fund’s limited partners include top tech executives from India and the USA, with a collective experience in laying a strong foundation for deep tech companies in India.
Ganapathy Subramaniam, Founding Managing Partner of Yali Capital, highlighted India’s strength in deep tech areas and the potential for homegrown companies. Mathew Cyriac, Founding General Partner, also sees strong opportunities in sectors like aerospace and imaging.
Lip-Bu Tan, advisor to Yali Capital, emphasized the strong emphasis on STEM education in India leading to a strong presence in deep tech. The fund’s focus areas include chip design, robotics, genomics, smart manufacturing, aerospace, and AI.
