Yali Capital is a venture capital firm based in Bengaluru, India, specializing in early-stage investments in deep-tech sectors. The firm was founded in 2023 by Ganapathy Subramaniam, a former partner at Celesta Capital and co-founder of Cosmic Circuits, along with Mathew Cyriac, former co-head of Blackstone India. Yali Capital is recognized for investing in cutting-edge technologies like semiconductor chip design, robotics, artificial intelligence, aerospace, and genomics. As of July 2025, the firm has successfully raised INR 893 crore ($104 million) for its maiden deep-tech fund, exceeding its initial target.
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Bengaluru, Karnataka, India |
| Founders | Ganapathy Subramaniam, Mathew Cyriac |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Infosys, Qualcomm Ventures, DPIIT, Evolvence, TVS Capital founder, Rare Enterprises chief executive |
| Industry | Venture Capital, Deep Tech |
| Number of Employees | 2-10 (as of 2025) |
Yali Capital began its journey in 2023 with a focus on investing in India's burgeoning deep-tech ecosystem. Founded by industry veterans Ganapathy Subramaniam and Mathew Cyriac, the firm was launched to provide capital and strategic guidance to startups in sectors like semiconductor design, robotics, and AI. The founders leveraged their extensive experience and networks, including previous roles at Cosmic Circuits and Blackstone, to create a platform that supports the growth of high-tech companies in India. Within a year, Yali Capital successfully launched its INR 810 crore fund, marking a significant milestone in its early history as it geared up to tackle the deep-tech opportunities in India.
Yali Capital operates with a sharp focus on deep-tech investments, primarily investing in early-stage companies but also providing follow-up capital to foster growth. Their strategic initiatives are tailored towards sectors that they believe represent the future of technology, such as AI, semiconductor manufacturing, and aerospace. Some notable achievements include:
Yali Capital's current operations are geared towards identifying and nurturing deep-tech startups that have transformative potential. As of 2025, the firm's fund allocation strategy involves directing 70% towards early-stage (pre-seed, seed, and Series A) investments and 30% towards later-stage (Series D and beyond) ventures. Yali's approach capitalizes on the burgeoning demand in India's deep-tech ecosystem, and the firm is committed to supporting innovation in areas like chip design and smart manufacturing. With a compelling value proposition and seasoned leadership, Yali Capital is rapidly emerging as a key player in the Indian venture capital landscape, bridging the gap between technological innovation and commercialization.
Yali Capital stands at the forefront of India's deep-tech investment landscape. Since its inception in 2023, the firm has demonstrated an acute understanding of technological trends and market needs, carving out a niche as a premier deep-tech VC in India. Their ability to mobilize substantial investment capital and foster strategic partnerships positions them well to shape the future of technology-driven businesses in the country. As Yali Capital continues to expand its influence, it is poised to propel India’s deep-tech ecosystem forward, supporting companies that will likely lead technological advancements on a global scale. Their focus on early-stage investments in burgeoning sectors highlights their commitment to innovation and catalyzing evolution in critical tech industries.