Bay Capital Launches Digital Opportunities Fund

Bay Capital is initiating a new fund dedicated to investing in public and private companies within the digital sector. The firm has brought in Sandeep Barasia, formerly the chief business officer at Delhivery, alongside Tej Kapoor from ICICI Venture, to serve as cofounders and partners.

The newly established Digital Opportunities Fund, classified as a Category II Alternative Investment Fund, is aimed at supporting high-calibre, high-growth enterprises. The fund will closely collaborate with founders who are building sustainable companies that contribute to India’s long-term digital landscape.

Investment Strategy of the Digital Opportunities Fund

This fund will strategically invest in both private and public markets. Bay Capital has previously supported notable firms such as Lenskart, Ixigo, CarTrade Tech, and PolicyBazaar.

Barasia and Kapoor will bring their extensive institutional investment backgrounds, operational knowledge, and strong connections within India’s digital founder community to the fund, as stated in a recent press announcement.

Background of the Co-founders

Barasia stepped down from Delhivery in May 2024 after dedicating over nine years to the logistics company. In February 2025, he joined Bay Capital as an advisor.

Bay Capital holds the view that India is poised for substantial economic advancement and promising investment yields for those looking to invest long-term. The firm endorses a long-term investment strategy, asserting that a timeframe of 5 to 7 years can mitigate risks and amplify compounding returns.