What Yali Capital does

Yali Capital is a Bangalore-headquartered, SEBI-registered Category-II Alternative Investment Fund focused exclusively on early-stage deep technology investing in India. Founded in 2024 by Ganapathy Subramaniam (former Texas Instruments executive and co-founder of Cosmic Circuits/Cirel Systems, both acquired by Cadence and Micron respectively) and Mathew Cyriac (former Co-Head of Private Equity at Blackstone India), the firm operates two fund vehicles — Yali Deeptech Fund I (Bengaluru, ₹893 crore corpus, Registration No. IN/AIF2/23-24/1438) and Yali Deeptech I (GIFT City IFSC vehicle, Registration No. IFSC/AIF2/2024-25/0149). The firm invests across Pre-Seed, Seed, Series A, and selective Late-Stage rounds in six deep tech verticals: Life Sciences, Robotics, Fabless Semiconductor, Artificial Intelligence, Smart Manufacturing, and Aerospace & Surveillance.

Yali Capital's product is capital deployment and value-add advisory. Its portfolio comprises six companies as of June 2026: 4baseCare (precision oncology with OncoTwin AI platform, CAP-accredited Dubai lab), Perceptyne Robotics (industrial dual-arm/single-arm robots, Humanoid Robotics Awards finalist), C2i Semiconductors (fabless power management chips for AI data centers, taped out in India), LatentForce (Agentic AI for enterprise code modernization using Small Language Models), PointAI (GenAI virtual try-on platform with 70+ international patents), and DeepLase Technologies (IIT Delhi-incubated photonics and fiber-laser systems). The firm provides technical diligence, strategic guidance, and global network access, anchored by advisor Lip-Bu Tan (Intel CEO, Walden International founder, 500+ investments, 105+ IPOs).

The firm's revenue model is standard fund management: management fees charged on the ₹893 crore corpus plus potential carried interest on portfolio exits. Limited Partners include Infosys Innovation Fund (anchor), Lip-Bu Tan personally, and institutional investors. The go-to-market is network-driven deal sourcing, with co-investment relationships with Peak XV Partners, TDK Ventures, Ideaspring Capital, Endiya Partners, Mounttech Growth Fund, and Walden International. Distribution is direct: founders pitch via [email protected], with the firm leading or co-leading rounds. The firm does not disclose management fee percentages or carried interest terms publicly.

Name

Yali Capital

Legal name

Yali Capital

Website

https://yali.vc

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Yali Capital is a Bangalore-based SEBI-registered Category-II AIF managing Yali Deeptech Fund I (₹893 crore corpus), investing Pre-Seed through Series A in Indian deep tech startups across semiconductors, robotics, AI, life sciences, smart manufacturing, and aerospace sectors, with Lip-Bu Tan as advisor and Infosys Innovation Fund as anchor LP.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399)

SIC

Finance Services (6199)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Venture capital funding
• Deep tech investing
• Alternative investment fund
• Early-stage startups
• Private equity firm

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management: Yali Capital generates revenue through management fees charged on the fund corpus and carried interest (carry) from successful portfolio exits. As a SEBI-registered Category-II Alternative Investment Fund, they manage the Yali Deeptech Fund I with a corpus of ₹893 crore.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Yali Capital is a SEBI-registered Category-II Alternative Investment Fund (AIF) that invests early-stage venture capital in deep tech startups across six sectors: Semiconductors, Robotics, Life Sciences, Artificial Intelligence, Smart Manufacturing, and Aerospace & Surveillance. The firm manages the Yali Deeptech Fund I with a corpus of ₹893 crore, deploying capital across Pre-Seed, Seed, Series A, and Late-Stage rounds, and offers portfolio companies strategic guidance, technical diligence, and global network access. Yali Capital also operates a parallel GIFT City-based fund vehicle (Yali Deeptech I) for international appeal.

Product overview

Yali Capital operates as an early-stage deep tech venture capital fund with a ₹893 crore corpus (Yali Deeptech Fund I) and GIFT City vehicle (Yali Deeptech I), both Category-II SEBI registered AIFs. The firm backs deep tech startups across six sectors: Life Sciences, Robotics, Fabless Semiconductor, Artificial Intelligence, Smart Manufacturing, and Aerospace & Surveillance. The portfolio includes: 4baseCare (precision oncology with AI platform OncoTwin), C2i Semiconductors (fabless power management chips for AI data centers), PointAI (GenAI virtual try-on for e-commerce), LatentForce (Agentic AI for enterprise code modernisation), Perceptyne Robotics (full-stack industrial robotics with PR-34D/PR-9D robots), and DeepLase Technologies (photonics and fiber laser systems). The investment approach spans Pre-Seed through Series A stages, with emphasis on founders solving hard technical problems with defensible IP.

Differentiator

Problem solved

Functional benefit

Products and services

• Yali Deeptech Fund I
• Yali Deeptech I (GIFT City Fund)
• Venture Capital Investment Services

Quantifiable outcome

• Prior investments have resulted in companies going public in India
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Peak XV Partners: Peak XV Partners (formerly Sequoia India/SE Asia) is one of India's largest venture capital firms with a broad sector mandate. It is comparable to Yali as a direct co-investor in C2i Semiconductors' Series A and represents the type of larger incumbent Yali competes with for follow-on rounds.
• Blume Ventures: Blume Ventures is one of India's leading early-stage venture funds with a broad tech mandate. It is a broader incumbent peer — operates in adjacent stages and sectors to Yali and competes for the same Indian deep tech founders.
• Kalaari Capital: Kalaari Capital is an India-focused early-stage VC investing across technology categories. Comparable as a broader incumbent in the Indian seed/Series A market that overlaps with Yali's portfolio stage.

Direct peers

• Speciale Invest: Speciale Invest is an India-focused early-stage venture capital firm investing in deep tech startups across AI, robotics, semiconductors, and aerospace. Directly comparable as a sector-pure deep tech peer competing for the same founder pool in India.
• Ideaspring Capital: Ideaspring Capital is an early-stage deep tech and enterprise tech VC in India. It is directly comparable because it has co-led rounds with Yali (e.g., LatentForce seed) and shares a deep tech seed/Series A focus.
• Endiya Partners: Endiya Partners is an India-focused early-stage VC backing product startups across deep tech, SaaS, and healthtech. Directly comparable as a co-investor with Yali on Perceptyne Robotics' seed round.
• pi Ventures: pi Ventures is an India-focused early-stage fund investing in AI, ML, and deep tech startups. Directly comparable to Yali's AI and deep tech mandate with similar seed/Series A stage focus.
• Ankur Capital: Ankur Capital is an early-stage deep science and deep tech VC in India. Comparable to Yali for its focus on science-led, IP-heavy investments across agriculture, health, and industrial deep tech at similar ticket sizes.
• Walden International: Walden International is a global deep tech and semiconductor-focused VC founded by Lip-Bu Tan. It is a peer/advisor relationship (Lip-Bu Tan advises Yali and Walden co-invests in Yali's deals like PointAI), with overlapping deep tech investment thesis in semiconductors and AI.
• TDK Ventures: TDK Ventures is the corporate venture arm of TDK Corporation, focused on deep tech in semiconductors, energy, and advanced materials. It is comparable to Yali as a co-investor in C2i Semiconductors' Series A and shares the deep tech/semiconductor thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/yali-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yali Capital