Yali Capital secures $104M for India's largest deep-tech fund in 2025, targeting chip design, AI, robotics, and more with early-stage investments.
Yali Capital, a venture capital firm focused exclusively on deep-tech investments, has successfully closed its debut fund at ₹893 crore (approximately $104 million), surpassing its original fundraising goal.
Initially, the firm set out to raise ₹500 crore with a ₹310 crore greenshoe option, but strong interest from limited partners (LPs) enabled it to exceed the target. This grand subscription, according to the firm’s leadership, signals a growing appetite for deep-tech innovation in India.
The firm received 78% of its capital commitments from Indian entities and individuals only, reflecting robust domestic interest in deep technology. Among the prominent investors in the fund are established corporate players such as Infosys Ltd., Qualcomm Ventures, and Tata AIG General Insurance Co. Ltd. Additionally, family offices and individual investors also backed the fund, including:
Led by a team of deep-tech experts, Yali Capital focuses on backing early-stage startups by offering capital, mentorship, and access to an ecosystem of industry leaders and innovators. The firm aims to support startups at the very inception of their journey, maximizing the opportunity to achieve strong returns by investing at the seed and pre-seed stages.
With this capital, Yali Capital plans to invest across six core sectors within deep tech:
A large portion of the fund—50%—has been earmarked specifically for chip design and aerospace, sectors the firm sees as having immense growth potential. The remaining half will be distributed across the other four areas: robotics, AI, smart manufacturing, and genomics.
In terms of investment size, Yali Capital will write cheques ranging from $2 million to $10 million. For late-stage startups, it plans to invest at least $10 million, with a focus on primary deals rather than secondary share purchases.
Over the fund’s lifecycle, Yali aims to invest in 18 companies—15 in the early stages and three in later stages. The firm intends to complete eight of these investments by the end of the year
So far, Yali Capital has already backed three startups:
These investments align with the firm’s core sector focus and demonstrate its strategy of placing early bets on companies with strong technical capabilities and high growth potential.
In addition to the three completed deals, two more investments are currently in the pipeline. With a strategy of selective and concentrated bets, Yali Capital aims to create a high-impact portfolio that leverages its team’s technical and operational expertise.
Yali Capital’s $104 million fund stands out as the largest India-based deep-tech-focused fund closed so far in 2025. According to private market data platform Venture Intelligence, Endiya Partners raised $92 million and Triton Fund secured $14 million for their deep-tech initiatives this year—making Yali’s fund the biggest among them.
Yali Capital is positioning itself as a significant player in India’s deep-tech ecosystem, with a strong focus on sectors aligned with national priorities such as chip design and AI. By entering at the earliest stages and committing substantial capital to later rounds when needed, the firm aims to build a strong portfolio of transformative companies.
With eight investments planned by year-end and a total of 18 over the fund’s duration, Yali Capital is bullish on India’s potential to become a global leader in deep technology innovation.
I am an entrepreneur, marketer, and mentor with a certification in entrepreneurship from IIT Delhi, one of the most prestigious institutions in India. I have a passion for connecting businesses with their ideal customers, solving real-world problems, and inspiring the next generation of founders.I founded and lead DevoByte, a digital marketing agency that provides a range of services, from SEO a
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