About Yali Capital
Yali Capital is a venture capital firm founded in 2023. It is primarily based out of Bengaluru, India. As of Sep 2026, Yali Capital is an active investor, having invested in 26 companies, with 5 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and HealthTech. Most recently it participated in the $***** Series E round of Ultraviolette Overall, Yali Capital portfolio has seen 1 unicorn, 4 IPOs and 4 acquisitions including key companies like Cadence, ideaForge and SambaNova Systems. A lot of funds co-invest with Yali Capital, with names like Lip Bu Tan sharing a substantial percentage of its portfolio. Yali Capital has team of 7 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Yali Capital's List of Top Investments
Yali Capital has a portfolio of 26 companies, one of which is a Unicorn. Their most notable investments are in Ultraviolette and C2I Semiconductors.Their portfolio spans across India, United States, Japan and 1 more locations. They have invested in High Tech, Enterprise Applications, HealthTech and 17 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Yali Capital:
Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure. The company develops electric vehicle platforms and related products. These include connected helmets with integrated communication systems. The company also produces charging units and software for vehicle diagnostics and system monitoring.
Key facts about Ultraviolette
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $207M
- Employee Count: 398 as on Aug 31, 2025
- Investors: Qualcomm Ventures, Yali Capital and 50 Others
- Latest Funding Round: Series E, Sep 23, 2026, $*****
- Highlight: Editors' Pick
Manufacturer of electro optical and infrared sensing and imaging systems. These products include thermal imaging cores, weapon sights, binoculars, targeting systems, missile seekers, and fire control systems. The technology integrates analog and digital image processing to support surveillance, reconnaissance, and guidance applications. These systems function across visible, mid wave, and long wave infrared spectrums to provide situational awareness in various environments. The hardware supports autonomy for defense and security platforms through embedded vision and sensor fusion capabilities.
Key facts about Tonbo Imaging
- Founded Year: 2003
- Location: Bengaluru (India)
- Annual Revenue: $1M - $10M as on Mar 31, 2023
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $53.4M
- Employee Count: 342 as on May 31, 2026
- Investors: Qualcomm Ventures, Deep Learning and 28 Others
- Latest Funding Round: Series D, Apr 03, 2025, $*****
- Highlight: Editors' Pick
3. Artera
AI-derived prognostic biomarker test for cancer detection. The company offers an AI-enabled test called the ArteraAI prostate test, which provides predictive and prognostic results for patients with localized prostate cancer. The test analyzes multiple characteristics of the individual patient, empowering doctors with personalized data for treatment planning.
Key facts about Artera
- Founded Year: 2021
- Location: Menlo Park (United States)
- Stage: Series A
- Total Funding till date: $135M
- Employee Count: 152 as on Aug 31, 2026
- Investors: Yali Capital, Walden Catalyst and 23 Others
- Latest Funding Round: Series A, Feb 01, 2024, $*****
- Highlight: Editors' Pick
Provider of genomics technology for personalized clinical decisions. It offers clinical-genomics diagnostic tests which include Universal Infectious Diseases Test (UID) a next-generation sequencing powered, culture-free test capable of detecting bacterial and fungal pathogens and infexn test is s a comprehensive genomic solution for rapid identification of pathogens and antimicrobial resistance directly from clinical samples.
Key facts about HaystackAnalytics
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $17.3M
- Employee Count: 193 as on Aug 31, 2025
- Investors: Yali Capital, Aeroflex Enterprises and 33 Others
- Latest Funding Round: Seed, Sep 18, 2025, $*****
- Highlight: Editors' Pick
Provider of on demand manufacturing services for industrial machines. It offers an on demand platform for manufacturing sector including custom CNC milling services, five and three axis machining, and more for various industries including aerospace, healthcare and electronics. It offer solutions such as prototyping, material selection, parts generation, design assistance, production, quality control, and allows users to upload CAD files for quotes generation. It also offer material guidance, design optimization, and full sub-assembly services.
Key facts about Ethereal Machines
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $52M
- Employee Count: 114 as on Aug 31, 2025
- Investors: Steadview, Yali Capital and 57 Others
- Latest Funding Round: Series B, Apr 16, 2026, $*****
- Highlight: Editors' Pick
Yali Capital's Year-on-Year Investment Trends
In 2025, it made 4 investments, while as of Sep 2026, it has made 4 investments in this year. Its most recent first time investment was in Ultraviolette and most recent follow-on round was in C2I Semiconductors.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 2 | 4 |
2025 | 3 | 1 | 4 |
2024 | 4 | 1 | 5 |
Yali Capital's Investments by Stage
Yali Capital has made 4 investments in Seed stage with an average round size of $2.68M, 4 investments in Series A stage with an average round size of $4.82M and 1 investment in Series E stage with an average round size of $85M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 4 |
Series E | 1 |
Note: We have considered here, only first round of investments
Yali Capital's Investments by Sector
Yali Capital has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Semiconductors, Artificial Intelligence - Industry Applications and Auto. Notably, it has invested in 23 Enterprise (B2B) companies, 23 Tech companies, 13 Software companies and at least 12 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 5 |
Enterprise Applications | 3 |
Semiconductors | 2 |
Artificial Intelligence - Industry Applications | 1 |
Auto | 1 |
Others | 13 |
Note: We have considered here, only first round of investments
Yali Capital's Investments by Geography
Yali Capital has made most investments in India (7), followed by Slovakia where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 7 |
Slovakia | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
Yali Capital's recent investments
Yali Capital has made 4 investments in 2026 so far. Ultraviolette and C2I Semiconductors are the latest among them.Here are the most recent investments by Yali Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 23, 2026 | India | Series E | 4778 | [+6] | |
Feb 06, 2026 | India | Series A | 1848 | [+1] | |
Jan 28, 2026 | India | Seed | 5696 | ||
Jan 23, 2026 | India | Series B | 1910 | [+17] | |
Dec 19, 2025 | India | Seed | 4183 |
Unicorns in Yali Capital's Portfolio
Yali Capital has 1 unicorn in its portfolio - SambaNova Systems. The most recent unicorn in their portfolio is SambaNova Systems which became a unicorn in 2020, 6 years before Yali Capital first invested in it.Here is a list of unicorns in Yali Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of AI-powered software and hardware | 2017 | Palo Alto | Series F | hcwdbpp |
IPOs and Publicly Listed companies in Yali Capital's Portfolio
4 of Yali Capital's portfolio companies have become public. ideaForge got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Jul 2023 at marketcap of $339M and Data Patterns got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $402M.Here are Yali Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 07, 2023 | - | - | 1383 | |
Dec 24, 2021 | - | - | 1684 | |
Mar 15, 2021 | - | - | 9853 | |
Jun 10, 1987 | - | - | 6311 |
Acquired companies in Yali Capital's Portfolio
4 companies from Yali Capital's portfolio have been acquired. The most recent acquisition was C2I Semiconductors in Aug 2026 by Infineon for $*****.Here are Yali Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 24, 2026 | Oct 30, 2024 | Series A | 7380 | |
Sep 09, 2020 | - | - | 2421 | |
Feb 17, 2017 | Nov 08, 2024 | Series A | 8899 | |
Feb 07, 2013 | - | - | 3127 |
Team profile of Yali Capital
Yali Capital has a team of 7 members including 3 Partners and 1 Principal located in India. Yali Capital's team sits on the board of 1 company.Here is a list of all team members in Yali Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | Mumbai | - | - | |
Partner | Bengaluru | - | ||
Principal | Bengaluru |
Co-investors of Yali Capital
Over the past 2 years, 114 investors have co-invested in Yali Capital's portfolio companies. This includes funds and angels.
- Invested before Yali Capital: Venture Catalysts, TVS Motor and 76 others have invested in rounds before Yali Capital. There are 2 companies where Venture Catalysts has invested before Yali Capital and 1 company where TVS Motor has invested before Yali Capital.
- Top Co-investors of Yali Capital: 15 investors entered a company along with Yali Capital. These include investors like Lip Bu Tan (1 company).
- Invested after Yali Capital: A total of 21 investors have invested in Yali Capital's portfolio after their investments. Top Investors include Infosys (1 company), A&E Investments (1 company) and Ashish Kacholia (1 company).
Recent News related to Yali Capital
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Daily News Wrap-Up: Consumer Nod a Must for PM Surya Ghar Vendor Agreements, SJVN Names Winner in Battery Storage AuctionMercom India•Sep 28, 2026•Yali Capital, Ultraviolette, TDK Ventures
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Yali Capital Secures Significant Return from Deeptech Investment; Peak XV and Navam Achieve Quick ExitsVCCircle•Sep 15, 2026•Yali Capital, TDK Ventures, Peak XV Partners, Navam Capital
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Electric Two-Wheeler Startup Ultraviolette Secures Fresh Rs 373 Cr InvestmentIndian Retailer•Sep 12, 2026•Yali Capital, Ultraviolette, TDK Ventures
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4baseCare Secures Additional Funding to Expand Global Genomics Lab Network and AI Oncology PlatformViestories•Jun 11, 2026•growX ventures, 4baseCare, Infosys, Yali Capital
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Tdk ventures invests in c2i semiconductors in $16.7 million series a roundStock Screener•May 27, 2026•TDK Ventures, C2I Semiconductors, Peak XV Partners, Tdk and 2 others
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IIT Delhi Spinout DeepLase Raises ₹6 Crore Seed Round co-led by Kavachh and Yali CapitalThePrint•Mar 19, 2026•DeepLase Technologies, MGF Kavachh, Yali Capital
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C2i Semiconductors Raises $15 Million from Peak XV Partners, OthersViestories•Feb 16, 2026•TDK Ventures, C2I Semiconductors, Yali Capital, Peak XV Partners
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4baseCare Secures INR 90 Cr in Series B Funding Led by Ashish Kacholia, Lashit SanghviEnablers•Jan 27, 2026•Yali Capital, 4baseCare
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LatentForce Secures $1.7M Seed Funding to Advance AI-Driven Software ModernizationLokmat•Dec 19, 2025•Yali Capital, Ideaspring Capital, LatentForce.ai
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