Late stage/Pre IPO investing and the exciting investment opportunities in India’s digital ecosystem

JOURNAL

August 17th, 2021

Ravi Srivastava, partner and head of research at Mumbai-based investment fund Bay Capital, echoed this sentiment. He said there is a realisation that technology will continue to play a huge role in people’s lives and will soon become a larger part — somewhere around 10-20% — of the economy.

‘Covid-19 has accelerated consumer adoption rates. Digital businesses have gained significant market share and they continue to grow at a rapid pace while reducing their customer acquisition costs, leading to improved profitability.’ Srivastava added.

Bay Capital recently invested in startups such as omni-channel eyewear retailer Lenskart and VerSe Innovation, the parent company of news aggregation platform Dailyhunt and short-video platform Josh.

Excerpts from the interview have been covered here on the The Economic Times website :-
https://m.economictimes.com/tech/startups/unicorn-valuations-gallop-in-record-time-amid-ipo-rush/articleshow/85380877.cms

Posted by Siddharth Mehta, Founder & CIO

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