Bengaluru, July 25 -- Yali Capital, a deep tech-focused venture capital firm, has closed its Rs.893 crore (~$104 million) maiden fund.

The firm had set out to raise Rs.500 crore with a Rs.310 crore greenshoe option but managed to raise more than that from its limited partners, which the founders believe is a sign that India's appetite for deep tech is growing.

In fact, the firm raised 78% of its maiden fund from Indian firms and individuals, while the rest was raised from outside sources.

Yali Capital's investor base includes corporate entities like Infosys Ltd, Qualcomm Ventures, Tata AIG General Insurance Co. Ltd, Madhusudhan Kela's Singularity Fund of Funds, Kris Gopalakrishnan's family office Pratithi Investments and notable indivi...