Bay Capital Onboards Sandeep Barasia, Tej Kapoor As Partners To Launch New Digital Fund
April 9th, 2026
Investment firm Bay Capital
Partners has appointed Sandeep Barasia (former Delhivery CBO) and Tej Kapoor (former IvyCap Ventures MD) as partners to helm its soon-to-be-launched digital fund.
The Category II AIF, ‘Digital Opportunities Fund’, will focus on investing across both public and private sectors. With this fund, Bay Capital is looking to back 10-15 companies. However, the firm did not disclose the target corpus for the fund.
Kapoor and Barasia will serve as the cofounders of the fund.
Kapoor brings over two decades of experience in investing and tech companies. Prior to joining Bay Capital, he was the partner and director at ICICI Ventures. He was also on the board of multiple companies like Delhivery, ixigo, Kissht, Mylo, Celsius, among others.
Meanwhile, Barasia has over 25 years of experience across strategy, operations, and business development. He served as a partner of Bain & Company during his 13-year-stint at the investment firm. He also served as an advisory board member at Bay Capital Partners earlier.
Originally based in Mauritius, Bay Capital Partners has offices across London and Mumbai. It claims to have invested $1.2 Bn to date. The firm counts Policybazaar, Lenskart, CarTrade Tech, and ixigo among its notable portfolio entities.
The development comes at a time when investors continue to remain bullish on Indian startups and are launching new funds to back them. Earlier today, PE firm TR Capital committed to invest $1 Bn in India via secondaries over the next five years. The firm also appointed Umang Agarwal as its India MD.
Excerpts from the interview have been covered here on the INC42 buzz website :-
Posted by Siddharth Mehta, Founder & Managing Partner
