Yali Capital Exceeds Targets with Successful $104 Million Deep Tech Fund
Yali Capital, a SEBI-registered AIF, has closed its first deep tech-focused fund at ₹893 crores, surpassing its target. The fund targets early and late-stage investments in semiconductors, AI, and more. Backed by global investors, the firm has already invested in five companies and plans to expand further.
Yali Capital, recognized by SEBI as a Category II Alternative Investment Fund, has triumphantly closed its inaugural deep tech-focused fund, amassing ₹893 crores, equivalent to roughly 104 million US dollars. This financial achievement remarkably exceeds its initial target of ₹500 crores plus a ₹310 crore greenshoe option.
The fund is set to make a range of investments, from early-stage ventures, such as Seed and Series A, to late-stage opportunities, extending to Series D and beyond. Yali has spotlighted emerging deep tech arenas, including semiconductors, artificial intelligence, robotics, genomics, aerospace surveillance, and smart manufacturing.
The fund, supported by a SEBI-registered AIF and a GIFT City-based feeder vehicle, has already backed five startups and aims to encompass three more by year-end. Industry veteran Lip-Bu Tan, alongside notable corporates and individual investors, reinforces Yali's ambition to seed India's deep tech landscape.
(With inputs from agencies.)
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