Yali Capital launches Rs 810 Cr fund for deeptech startups
Yali Capital aims to invest in areas such as chip design, robotics, genomics, smart manufacturing, aerospace, AI and other such sectors with deep tech as its base, states the company release.
Yali Capital said it has launched a Rs 810 crore (including a Rs 310 crore greenshoe option) venture fund.
SEBI-approved Category 2 AIF Yali Capital aims to invest in areas such as chip design, robotics, genomics, smart manufacturing, aerospace, AI and other such sectors with deeptech as its base, according to a press release.
It has already approved investments in four deeptech companies and expects to complete these investments by the third quarter of 2024.
Co-founded by Ganapathy Subramaniam (Gani), former CEO of Cosmic Circuits, and Mathew Cyriac, Executive Chairman of Florintree, the fund will support early-stage deeptech startups in India.
"We believe India is inherently strong in deeptech. As a country, we have 40 years of high-quality chip design experience India is also very strong in robotics and is now gaining ground in genomics, smart manufacturing, etc," stated Ganapathy Subramaniam, Founding Managing Partner of Yali Capital.
"I see strong opportunities in homegrown deep tech companies in sectors such as aerospace, imaging, instrumentations and several other emerging areas,” added Mathew Cyriac, Founding General Partner of Yali Capital.
Edited by Affirunisa Kankudti