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Yali Capital’s ‘Gani’ On Building A Deeptech Investment Thesis For India

Inc42Inc42 · 8m ago
Yali Capital’s ‘Gani’ On Building A Deeptech Investment Thesis For India
Medial

Venture capital players in India are increasingly showing interest in deeptech startups, despite the challenges and unique characteristics of this segment. One such player is Subramaniam, who has 15+ years of experience in the semiconductor space and has personally backed deeptech startups. He believes that a significant portion of funds should be allocated to chip design, as India progresses towards chip manufacturing. However, he highlights the importance of identifying the right area of growth and mitigating technology and execution risks in deeptech investments. Additionally, he emphasizes the need for expertise in evaluating early-stage deeptech startups due to the complexity and diverse sectors within this field.

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Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr · 1d 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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