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Transition VC closes Fund I at Rs 700 Cr

EntrackrEntrackr · 2d ago
Transition VC closes Fund I at Rs 700 Cr
Medial

Transition VC has announced the final close of its debut fund at Rs 700 crore (approximately $77 million), overshooting its initial target of Rs 400 crore. The fund is backed by a community of institutional investors, corporates, family offices, strategic partners, and industry leaders. According to Transition VC, this LP network gives the firm a meaningful edge, strengthening thesis development, sharpening its ability to identify emerging trends early, and deepening the quality of deal flow. For founders, this LP network acts as a real commercial accelerator by converting pilots into purchase orders, opening doors to domestic and global markets, and directly shaping adoption pathways. Transition VC plans to invest at the post-product, pre-PMF stage, while strategically constructing a portfolio in which companies are complementary rather than competitive. By doing so, the firm enables founders to share insights, supply chains, and talent across the portfolio. To date, Transition VC claims to have supported 17 startups through Fund I, targeting a final portfolio of up to 25 companies. The firm has backed companies such as CIMware, Comminent, Matel, EMO, Hydgen, Dynolt, and Promethean. It says that more than half of the fund has been committed, and the firm is looking to deploy the remaining capital into founders building high-conviction solutions across the energy transition spectrum. Co-founded by Raiyaan Shingati and Mohammed Shoeb Al, Transition VC is an energy-transition-focused venture capital fund that invests early, catalytic capital into the future of energy in India, backing engineering-led companies building the infrastructure for the transition via electrification, energy storage, industrial decarbonisation, alternate fuels, and next-generation manufacturing.

Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr · 4m 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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