Bay Capital Partners is gearing up to launch its new Digital Opportunities Fund, having appointed Sandeep Barasia and Tej Kapoor as partners to spearhead the initiative.
This Category II AIF will concentrate on investments across both public and private sectors, with plans to support 10-15 companies. However, the firm has not disclosed the fund's target corpus.
Leadership Backgrounds:
- Tej Kapoor: With over 20 years of experience, Kapoor previously held a leadership role at ICICI Ventures and has served on the boards of companies such as Delhivery and ixigo.
- Sandeep Barasia: Bringing 25 years of expertise in strategy and operations, Barasia has a background as a partner at Bain & Company and has previously advised Bay Capital Partners.
Bay Capital Partners operates from Mauritius, with additional offices in London and Mumbai. The firm claims to have invested approximately $1.2 billion to date, with notable portfolio companies including Policybazaar, Lenskart, and CarTrade Tech.
This announcement comes amid a vibrant investment landscape in India, where many firms are launching new funds to capitalize on the burgeoning startup ecosystem. Recently, TR Capital announced a commitment to invest $1 billion in India over the next five years.
According to Inc42’s Annual Indian Startup Trend Report, the startup ecosystem experienced a 56% year-over-year growth in new fund announcements, with $13.6 billion raised in 2025 compared to $8.7 billion in 2024.
As the first quarter of 2026 unfolds, several firms, including Spring Marketing Capital and Info Edge, are also launching new funds to support India's growing tech startups.
