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Yali Capital is a venture capital firm headquartered in Bangalore, India, founded in 2023. The firm focuses on early-stage investments in deep tech companies, particularly in sectors such as semiconductors, robotics, genomics, and artificial intelligence. Yali Capital aims to identify and nurture innovative ideas that contribute to technological advancements in India, leveraging the country's R&D and engineering capabilities to create globally competitive technology products.
As of April 2026, Yali Capital has successfully built a portfolio of six companies, demonstrating its active engagement in the startup ecosystem. The firm closed its inaugural deep-tech fund at INR 893 crore, approximately $104 million, in July 2025, positioning itself as a significant player in the Indian venture capital landscape. Yali Capital's team comprises experienced professionals with extensive backgrounds in deep tech and venture capital, enabling them to provide valuable insights and support to portfolio companies.
Yali Capital's geographic focus spans India and broader Asia, targeting startups that are building from or for India with a global outlook. The firm emphasizes the importance of strong technological moats and intellectual property in its investment strategy, aiming to back exceptional founding teams that are solving complex technical problems.
Yali Capital invests in deep tech companies across various sectors, including semiconductors, robotics, artificial intelligence, smart manufacturing, and life sciences. The firm participates in funding rounds from pre-seed to late-stage, with a particular emphasis on early-stage companies that possess a strong technological moat. This focus allows Yali Capital to identify startups that can drive significant advancements in technology within India.
The firm seeks companies with exceptional founding teams that are solving complex technical problems and have a clear path to market differentiation. Yali Capital believes that the next wave of large-scale innovation will come from deep tech, and it aims to support ventures that leverage India's R&D and engineering depth to build globally competitive technology products. The firm’s investment strategy includes a thorough evaluation process involving technical, financial, and market deep-dives, as well as domain expert reviews.
Yali Capital's notable portfolio companies include:
These companies represent a diverse range of applications within the deep tech sector, showcasing Yali Capital's commitment to supporting innovative solutions that address complex challenges in various industries.
Ganapathy 'Gani' Subramaniam - Founding Managing Partner. Gani has over 30 years of experience in deep tech, having held senior leadership roles at Texas Instruments and co-founding Cosmic Circuits. He focuses on deep tech and semiconductors.
Mathew Cyriac - Co-Founder. Mathew has a background in private equity, previously serving as co-head of Blackstone India private equity. He brings experience from Florintree Advisors and has worked with companies like MTAR and Data Patterns.
Karthikeyan 'Karthik' Madathil - Investments. Karthik is part of the investment team, contributing to the firm's deal sourcing and evaluation processes.
Sandipan Mondal - Investments. Sandipan is also part of the investment team, focusing on identifying promising startups in the deep tech sector.
Kaushik Ram - Investments. Kaushik plays a role in the investment team, assisting in the evaluation of potential portfolio companies.
Lip-Bu Tan - Advisor. Lip-Bu is the current CEO of Intel and serves as an advisor to Yali Capital, providing insights and guidance based on his extensive experience in the technology sector.
To pitch Yali Capital, founders should visit their contact page at yali.vc/contact/. The firm prefers a concise pitch deck that outlines the startup's value proposition, market opportunity, and technological differentiation. While specific application forms are not disclosed, Yali Capital encourages open communication and is receptive to pitches that align with their investment focus.
Founders can expect a response within a few weeks to a couple of months, depending on the complexity of the proposal. Warm introductions are not mandatory, but they can enhance the chances of engagement.
In July 2025, Yali Capital closed its first deep-tech fund at INR 893 crore, approximately $104 million, marking a significant milestone for the firm. This fund positions Yali Capital as a key player in the Indian venture capital landscape.
In October 2025, Yali Capital led a $5.3 million funding round for PointAI, an AI service provider for e-commerce. This investment highlights Yali's commitment to supporting innovative solutions in the tech sector.
In December 2025, Yali Capital co-led a $1.7 million seed round for LatentForce, an AI company focused on enterprise software modernization. This investment underscores Yali's focus on deep tech and its potential for significant impact.
In February 2026, Yali participated in a $15 million Series A funding round for C2i, a fabless semiconductor company specializing in power management technologies. This involvement demonstrates Yali's active engagement in the semiconductor sector.
Most recently, in March 2026, Yali co-led a seed round for DeepLase, a photonics startup incubated at IIT Delhi, further showcasing its commitment to advancing deep tech innovations.
What are Yali Capital's investment criteria?
Yali Capital focuses on early-stage deep tech companies across sectors such as semiconductors, robotics, artificial intelligence, smart manufacturing, and life sciences. The firm looks for startups with strong technological moats and exceptional founding teams capable of solving complex technical problems.
How can I pitch to Yali Capital?
Founders can pitch to Yali Capital through their contact page at yali.vc/contact/. The firm encourages open communication and is receptive to pitches from startups that align with their investment focus.
What makes Yali Capital different from other investors?
Yali Capital differentiates itself by specializing in deep tech investments and leveraging its team's extensive experience in technology and venture capital. The firm provides strategic guidance and access to a network of advisors to help portfolio companies navigate the complexities of scaling their ventures.
What is the typical check size for investments?
While specific check sizes are not disclosed, Yali Capital participates in funding rounds from pre-seed to late-stage, indicating a flexible approach to investment amounts based on the needs of the startups.
What is the decision timeline for investments?
The decision timeline for investments can range from a few weeks to a couple of months, allowing Yali Capital to conduct thorough due diligence on potential portfolio companies.
Does Yali Capital provide post-investment support?
Yes, Yali Capital adds value to its portfolio companies by providing strategic guidance, access to industry connections, and support in scaling their operations. The firm's team has extensive experience in deep tech, enabling them to assist founders in achieving their vision.
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