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Java Capital launches Rs 400 Cr fund to back seed-stage deeptech startups

EntrackrEntrackr · 4h ago
Java Capital launches Rs 400 Cr fund to back seed-stage deeptech startups
Medial

Java Capital launches Rs 400 Cr fund to back seed-stage deeptech startups. Java Capital has launched a Rs 400 crore deeptech-focused fund to invest in seed-stage startups building IP-led technology businesses. The fund will back companies across sectors such as semiconductors, aerospace, defence, cybersecurity, AI infrastructure, robotics, advanced manufacturing, energy, climate tech, and synthetic biology. The new fund includes a greenshoe option of Rs 150 crore and plans to invest in 15–20 startups over the next three to four years. Java Capital expects to write initial cheques in the range of Rs 6–8 crore and will reserve capital for follow-on investments through later stages. Java Capital focuses on startups with long product development cycles and defensible technology moats. The firm aims to partner early with founders building globally relevant deeptech companies from India. The firm’s existing portfolio includes early-stage, technology-led startups across areas such as space and aerospace, AI infrastructure, enterprise software, robotics, and advanced engineering. Java Capital typically backs companies at the seed stage and works closely with founders on product development, hiring, and access to global markets.

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Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr · 6m ago
Yali Capital closes maiden deeptech fund at Rs 893 Cr
Medial

Yali Capital closes maiden deeptech fund at Rs 893 Cr Venture capital firm Yali Capital has closed its maiden deeptech focused fund at Rs 893 crore (about $103.2 million). Yali Capital had launched the early stage fund at Rs 810 crore in July last year to back startups operating in the deeptech sector. The fund intends to invest in startups across chip design, robotics, genomics, smart manufacturing, aerospace, and AI sectors, Yali Capital said in a press release. The VC firm has raised capital from corporates such as Infosys, Qualcomm Ventures, the DPIIT Fund of Funds for Startups, and Evolvence, among others. Additionally, TVS Capital founder Gopal Srinivasan, Rare Enterprises chief executive Utpal Sheth, and JM Financial’s managing director Vishal Kampani are among its notable investors. Launched by Ganapathy Subramaniam and Mathew Cyriac, Yali Capital is a SEBI approved Category II AIF and had initially set its target close to Rs 500 crore, with an additional greenshoe option of Rs 310 crore. “China is well ahead in the deeptech space and has overtaken America. India has all the potential, from services to deeptech, but certainly has much distance to cover,” said Ganapathy Subramaniam. Yali Capital has made five investments, including genomics startup 4baseCare, robotics startup Perceptyne Robots, and fabless chip design company C2i Semiconductors. It plans to expand its portfolio to eight companies by the end of the year.

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