BENGALURU: Yali Capital on Monday introduced the launch of its Rs 810 crore (together with a Rs 310 crore greenshoe possibility) enterprise fund.
The fund, co-founded by Ganapathy Subramaniam (Gani), former CEO of Cosmic Circuits, and Mathew Cyriac, Govt Chairman of Florintree, will assist early-stage deep tech startups in India, Yali Capital mentioned at an occasion in Bengaluru.
It goals to spend money on revolutionary areas akin to chip design, robotics, genomics, good manufacturing, aerospace, AI and different such sectors with deep tech as its base.
“We imagine India is inherently robust in deep tech. As a rustic, we’ve 40 years of high-quality chip design expertise. India can also be very robust in robotics and is now gaining floor in genomics, good manufacturing, and so on. Yali’s restricted companions include prime tech executives from India and the USA and with our collective expertise, we imagine we are able to lay a powerful basis for deep tech firms from India,” mentioned Ganapathy Subramaniam, Founding Managing Associate of Yali Capital.
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