Bay Capital launches digital fund, appoints Sandeep Barasia, Tej Kapoor as partners
April 9th, 2026
Bay Capital is launching a Digital Opportunities Fund to invest in public and private digital businesses in India. Sandeep Barasia and Tej Kapoor will be joining in as cofounders and partners. The Category II AIF will back high-growth companies, working closely with cofounders and focusing on India’s long-term digital future.
Bay Capital, which had invested in the likes of Lenskart and PolicyBazaar, is launching a new fund to back public and private companies in the digital space, and has named former Delhivery chief business officer Sandeep Barasia and ICICI Venture’s Tej Kapoor as cofounders and managing partners of the new fund.
“The firm is preparing to launch a Digital Opportunities Fund, a Category II Alternative Investment Fund designed to back high-quality, high-growth businesses, partnering closely with founders who are building enduring companies for India’s long-term digital future,” Bay Capital said in a statement. “The new fund will selectively invest across both private and public markets.”
The firm did not disclose the fund size but said it plans to make 10-15 investments. Bay Capital had earlier backed companies such as Lenskart, Ixigo, CarTrade Tech and PolicyBazaar.
Barasia and Kapoor will combine Bay Capital’s institutional investing experience with their operational expertise and networks across India’s digital founder ecosystem, the statement said.
Barasia stepped down from Delhivery in May 2024 after over nine years at the logistics company, where he was part of the core leadership team alongside founder Sahil Barua. Barasia played a key role in its public listing, and also served on the board.
He was appointed an advisor to Bay Capital in February 2025.
Excerpts from the interview have been covered here on the Economic Times website :-
Posted by Siddharth Mehta, Founder & Managing Partner
