VC fund (Cat II) · Curated list
Yali Capital
Multi-stage · Deep Tech (AI/ML/Robotics) · Bengaluru
At a glance
- Stage focus
- Multi-stage
- Primary sector
- Deep Tech (AI/ML/Robotics)
- City
- Bengaluru
- HQ / office
- No. 505, B Block, 3rd Cross, AECS Layout, Kundalahalli, Bengaluru - 560037, Karnataka, India
- Fund registered
- 2023
- Investments on record
- 6
- Corpus (as reported)
- ₹893 crore (~US$104 million) maiden fund, final close July 2025 (exceeded target of ₹500 cr + ₹310 cr greenshoe)
- Website
- yali.vc
- Profile ↗
About
Yali Capital is a Bengaluru-based deep tech venture capital firm (SEBI-registered Category II AIF) backing early- and late-stage Indian deep tech startups in semiconductors, defence, robotics, AI, genomics, aerospace and smart manufacturing. It closed its maiden ₹893 crore (~$104M) fund in July 2025, exceeding its target. It was co-founded by Ganapathy 'Gani' Subramaniam (Founding Managing Partner, ex-Texas Instruments, co-founder of Cosmic Circuits) and Mathew Cyriac (General Partner, former co-head of Blackstone India PE), with Karthikeyan Madathil as Partner and Lip-Bu Tan (Intel CEO) as advisor.
Investment focus
Stage: Pre-seed/Seed and Series A (~two-thirds early-stage) plus selective late-stage (Series D+). Sector: deep tech — semiconductors, defence, robotics, AI, genomics/life sciences, aerospace/surveillance, smart manufacturing.
Cheque size
Not disclosed; invests across Pre-Seed, Seed, Series A and late-stage (Series D+); ~two-thirds of fund into early-stage deeptech
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Deeptech VC (private SEBI Category II AIF) / Cat II”
- IN/AIF2/23-24/1438
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Yali Deeptech Fund I
Yes — on official SIDBI FFS supported-AIF list (Yali Deeptech Fund I)
Notable portfolio
Perceptyne (robotics — $3M seed co-led by Yali, Oct 2024); 4baseCare (genomics / precision oncology — Series A led by Yali); C2i Semiconductor (fabless chip design); LatentForce; PointAI; Deeplase
Team & organisation
~4 core investment/leadership professionals (Ganapathy Subramaniam – Founding Managing Partner; Mathew Cyriac – General Partner; Karthik Madathil – Partner; Sunil Patil – CFO), plus advisor Lip-Bu Tan; ~12 total incl. ops/comms
SEBI-registered Category II AIF with a GIFT City-based feeder vehicle for global investors (dual structure); single maiden deeptech fund
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Frequently asked
- What does Yali Capital invest in?
- Stage: Pre-seed/Seed and Series A (~two-thirds early-stage) plus selective late-stage (Series D+). Sector: deep tech — semiconductors, defence, robotics, AI, genomics/life sciences, aerospace/surveillance, smart manufacturing.
- What cheque size does Yali Capital write?
- As compiled from public sources: Not disclosed; invests across Pre-Seed, Seed, Series A and late-stage (Series D+); ~two-thirds of fund into early-stage deeptech
- How do I pitch Yali Capital through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Private firm confirmed (SEBI Cat-II AIF), but LP base includes government/DFI money — DPIIT Fund of Funds (managed by SIDBI) and the Self-Reliant India Fund — alongside Infosys, Qualcomm Ventures, Tata AIG, Evolvence and Singularity FOF. This is LP-level government participation only, not government control; the GP/manager is private. Emails on the official site are Cloudflare-obfuscated (decoded to [contact on file] and [contact on file], both on the firm's own domain). Very young firm (debut 2025), so no track record/exits yet.
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://yali.vc/; https://www.prnewswire.com/in/news-releases/yali-capital-raises-893-crores-to-back-indias-deep-tech-revolution-302513254.html