Qualcomm-backed VC firm closes $103.2m fund for deeptech startups\n\nYali Capital, a Bengaluru-based venture capital firm focused on deeptech, has closed its first fund at 893 crore rupee (US$103.2 million), surpassing its 500 crore rupee (US$57.8 million) target. The firm will invest in early-stage startups, including seed and series A rounds, and may also back late-stage companies like those in series D and beyond. Target sectors include semiconductors, AI, robotics, and genomics. Backers include Infosys, Qualcomm Ventures, Tata AIG, and government-backed funds such as the DPIIT Fund of Funds for Startups and the Self-Reliant India Fund. Prominent individuals like Infosys co-founder Kris Gopalakrishnan and Intel CEO Lip-Bu Tan also support the fund. Yali Capital operates through a SEBI-registered AIF and a feeder vehicle in GIFT City. It has already backed five startups, including C2I Semiconductor, 4baseCare, and Perceptyne, and plans to grow its portfolio to eight by the end of 2025.

Qualcomm-backed VC firm closes $103.2m fund for deeptech startups

Yali Capital, a Bengaluru-based venture capital firm focused on deeptech, has closed its first fund at 893 crore rupee (US$103.2 million), surpassing its 500 crore rupee (US$57.8 million) target. The firm will invest in early-stage startups across semiconductors, AI, robotics, and genomics, with backers including Infosys, Qualcomm Ventures, and government-backed funds. It has already invested in five startups and plans to grow its portfolio to eight by 2025.