Helping India's deep tech soar.
Yali Capital believes the next wave of large-scale innovation will have roots in deep tech. As a venture capital firm with investments across sectors like Semiconductors, Robotics, Genomics, Aerospace, and AI, the firm is helping India's tech startups build for the future through strategic tech investing, and it is only getting started. Yali Capital, headquartered in Bangalore, India, invests in early stage deep tech startups across a wide range of verticals from Aerospace to Robotics. Yali is backed by marquee investors including LipBu Tan, the current CEO of Intel as an advisor.
Ganapathy 'Gani' Subramaniam
Founding Managing Partner
Ganapathy Subramaniam (Gani) is the Founding Managing Partner of Yali Capital and is also a deep-tech industry veteran with over 35 years of experience. He began his career at Texas Instruments, where he held senior leadership roles (across both India and the US) in mixed-signal and wireless engineering. In 2005, he co-founded Cosmic Circuits, one of India's pioneering semiconductor product companies, which was acquired by Cadence in 2013. He later served as Chairman of Cirel Systems, acquired by Micron in 2023. Gani serves on the boards of several deep-tech companies and actively mentors entrepreneurs building world-class technology businesses from India.
Mathew Cyriac
Co-Founder
Mathew Cyriac is a highly respected investment leader with three decades of experience building, transforming, and scaling businesses across India and the United States. His career spans influential roles at Credit Suisse, Quintant/iGATE, Bank of America, Donaldson, Lufkin & Jenrette (DLJ) and The Blackstone Group. Mathew is Co-Founder of Yali Capital, a deep-tech investment platform backing pioneering Indian companies in fabless semiconductors, artificial intelligence, life sciences, robotics, smart manufacturing, aerospace, and surveillance technologies. His work at Yali Capital reflects a long-standing commitment to advancing India's innovation ecosystem and shaping the country's frontier-technology capabilities. He also serves as Chairman of Florintree Advisors, a homegrown private equity firm that has successfully backed and guided companies such as Data Patterns, IdeaForge, and MTAR Technologies to notable public listings. Under his leadership, Florintree has become synonymous with high-quality investments and value creation through operational excellence. Previously, as a founding member and Co-Head of Private Equity at Blackstone India (2006-2017), Mathew was instrumental in introducing and executing majority-control investment strategies in India, an approach that has since become a benchmark in the Indian private equity landscape. His work at Blackstone shaped several landmark transactions and set new standards for operational turnaround investing. Mathew has held board positions across leading Indian corporations, including serving as an Independent Director at Tata Capital and Tata Play, and he currently chairs Gokaldas Exports. His board leadership is marked by strategic clarity, disciplined governance, and deep operational insight. An alumnus of the Indian Institute of Management Bangalore, Mathew graduated as a Gold Medallist in 1994 and holds a degree in Mechanical Engineering from the College of Engineering, Guindy. He was honoured with the IIMB Distinguished Alumni Award in 2025, one of the institute's highest recognitions. Mathew established the Tony James Centre for Private Equity & Venture Capital at IIM Bangalore, India's first dedicated Centre of Excellence for private equity and venture capital research and practice, to further development of the investment ecosystem in the country. Across his career, Mathew Cyriac has remained committed to backing exceptional entrepreneurs, advancing deep-tech innovation, and building globally competitive companies from India. His leadership at Yali Capital continues this mission: fuelling the next generation of transformative technology ventures.
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Karthikeyan 'Karthik' Madathil
Investments Team
B.Tech (Electrical and Electronics Engineering), IIT Madras
Karthik brings 30 years of deep tech experience to the table, with eight years as VP of Engineering at a deep tech startup. His wealth of experience includes an ML-powered EdTech company that he founded and led for five years in addition to a 17-year tenure across various leadership roles, from Engineering Head to Business Head, in both multinational corporations and startups specialising in IC design. Studying Electrical and Electronics Engineering at IIT Madras gave him a rigorous foundation in the mathematical, theoretical, and practical skills required to start his career. His career started in Texas Instruments, where he designed Digital Signal Processors and led teams that delivered complex systems-on-chip. He then spent time at the startup Montalvo Systems, helping build a microprocessor, and at Cypress Semiconductor, doing Technical Marketing and Business Management. He later co-founded and was CTO of an AI-backed edtech enterprise, and then moved to Atonarp, where he helped build AI-powered spectrometers for semiconductor manufacturing and medical applications. These technical and management experiences built the platform for his transition into investing.
Sandipan Mondal
Investor
MBA (IIM Ahmedabad)
Sandipan Mondal is an investor at Yali Capital with over 15 years of experience as an entrepreneur, operator, and product leader. He co-founded Zapr Media Labs and helped build it, over a decade, into one of India's leading media-tech and conversational AI companies, backed by investors including Disney, Fox, and Flipkart, before its acquisition by Samsung. Over the course of that journey, he worked across product, growth, fundraising, enterprise partnerships, and scaling teams across India and international markets. Following the acquisition, Sandipan worked at Samsung in a product leadership role, focusing on post-merger integration and helping bridge startup innovation with the scale and complexity of a global technology company. Soon after he returned to his entrepreneurial roots, building at the intersection of consumer tech, education and AI. At Yali Capital, Sandipan partners with founders building deep-tech and frontier technology companies from India. As a founder turned investor, he brings deep empathy for the entrepreneurial journey and aims to support founders not just on business strategy and execution, but also through the emotional and personal challenges that come with building enduring companies. Sandipan holds an MBA from the Indian Institute of Management Ahmedabad and a B.S. in Electrical Engineering from Rensselaer Polytechnic Institute, New York.
Kaushik Ram
Investor
Ph.D.
Dr. Kaushik Ram is an investor at Yali Capital with nearly a decade of experience in the U.S. research ecosystem across life sciences, artificial intelligence, and data-driven technologies. He began his training at the University of California, San Diego, earning a bachelor's degree from the Halicioglu Data Science Institute and working in the chemistry department on advanced molecular modeling, including QM/MM and many-body simulation methods. He later worked with Dr. Ilya Zaslavsky at the San Diego Supercomputer Center on geospatial intelligence and spatially explicit modeling, building large-scale systems deployed during the COVID-19 response. He earned a Ph.D. at The Scripps Research Institute in Bioinformatics and Machine Learning, completing the program in record time under the mentorship of Dr. Ali Torkamani and Dr. Chunlei Wu at the Scripps Research Translational Institute, founded by Dr. Eric Topol. His doctoral work focused on applying machine learning and integrative multi-omics approaches to rare-disease diagnostics. At Yali Capital, Kaushik focuses on deep-tech and life sciences investments, partnering with founders building science-led companies with global ambition.
Sunil S. Patil
CFO & Head of Operations
Chartered Accountant
Sunil is a Chartered Accountant with over 20 years of experience in Finance and Operations. He manages the firm's finance, investor relations, fund administration, and compliance functions. Previously, he worked at Cirel Systems and Cosmic Circuits. His expertise includes startup finance operations, due diligence, exits, taxation, and regulatory compliance.
Ajay Soni
Compliance
Ajay has nearly a decade of experience in compliance, audit, and regulatory risk management at leading Indian and global financial institutions. He brings hands-on expertise in designing and strengthening compliance frameworks, managing regulatory requirements, and embedding robust governance practices across complex financial operations. Ajay has worked closely with senior management, audit teams, and operational stakeholders to ensure adherence to applicable laws, internal policies, and regulatory expectations. His experience includes managing compliance obligations, supporting regulatory audits, monitoring compliance risks, and driving process improvements aligned with best practices. Prior to this, Ajay worked with Nomura Services India Pvt Ltd and ICICI Bank Limited, where he supported enterprise-wide compliance initiatives and governance frameworks. He is known for his structured approach, strong attention to detail, and practical execution of compliance programs.
Manjunath M P
Senior Finance and Operations
MBA
Manjunath M P (Manju) serves as Senior Finance and Operations at Yali Capital. He holds an MBA and has over 15 years of experience in accounting, finance, and operations management. He has handled finance and operational oversight for more than 10 companies, from early-stage startups to established, profitable organizations. His expertise includes end-to-end accounting, financial planning and control, statutory and internal audits, compliance, and operational process optimization.
Pranav Karnad
Marketing Communications
Pranav leads Marketing Communications at Yali, building its brand as India's premier deep tech fund. He brings 14 years across advertising, fintech, and strategic communications, including stints at Ogilvy, MullenLowe Lintas, and Dentsu, a content leadership role at neobank Fi, and communications work at Volvo Group's startup accelerator CampX. He holds a Master's in Mass Communications and an undergraduate degree in Biotechnology, bringing together science and storytelling for the deep tech world.
Karthik Sunder
Lip-Bu Tan
AdvisorAdvisor
Lip-Bu Tan is CEO of Intel Corporation and the Founder and Chairman of Walden International, a pioneering venture capital firm he built from $3 million to $5 billion. He previously served as CEO of Cadence Design Systems (2009-2021), engineering a turnaround that delivered approximately 4000% shareholder returns. Born in Malaysia and educated at MIT (nuclear engineering) and University of San Francisco (MBA), he has invested in 500+ companies, achieved 105+ IPOs, and created an estimated 50,000 jobs in America alone. He has received the semiconductor industry's highest honours including the Robert N. Noyce Award (2022) and Dr. Morris Chang Exemplary Leadership Award (2016).
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