Yali Capital launches Rs 810 crore deep-tech fund

Deep-tech-focused venture fund Yali Capital on Monday announced the launch of its maiden fund with a target corpus of Rs 810 crore, including a greenshoe option of Rs 310 crore.

The fund is helmed by Ganapathy Subramaniam, a former partner at Celesta Capital, and Mathew Cyriac, former private equity (PE) co-head for Blackstone in India and executive chairman of PE firm Florintree Capital Partners. Lip-Bu Tan, chairman of venture fund Walden International has joined as a fund advisor. Karthik Madathil, who has extensive industry experience with the likes of Texas Instruments, is joining the fund as a partner.