New fund · Professional & Local Services

Bay Capital plans new India digital growth fund

By Startup Enthusiast · 9 April 2026

What they do

Bay Capital Partners is an investment firm that backs late-stage digital and tech companies in India

It is planning a new growth crossover fund called India Digital Opportunities Fund, though the target corpus has not been disclosed

The fund will invest in 10-15 companies eyeing a listing within 2-3 years and growing 60-70% annually

Bay Capital Partners plans a new growth crossover fund called India Digital Opportunities Fund.
The fund's target corpus has not been disclosed, though one source mentioned a range of ₹1,000-1,500 crore.
It is registered as a Category II Alternative Investment Fund (AIF) under SEBI.
The fund will invest in 10-15 companies.
It targets late-stage digital and tech firms in India, both private and public markets.
The fund focuses on companies eyeing a listing within 2-3 years and growing 60-70% annually.
The approach is fundamentals-driven, not valuation-driven.

India's venture and growth equity market hit $16 billion in 2025, with large deals doubling.
VC and growth fund fundraising in India rose to about $5.4 billion in 2025, led by $100M+ vehicles.
In India, one of every three additional rupees spent is expected to be transacted digitally.
Bay Capital has invested $1.2 billion to date and manages a long-only public market fund.

Bay Capital Partners is an investment firm based originally in Mauritius, with offices in London and Mumbai.
It manages the Bay Capital India Leaders Fund, a SEBI-registered Category III AIF for long-only public market investments.
The firm's limited partners include university endowments, pension funds, and foundations.
Its portfolio includes PolicyBazaar, Lenskart, CarTrade Tech, Ixigo, Bajaj Finserv, Marico, and Britannia.
The new fund will focus on late-stage digital and tech firms in India, both private and public markets.