Bay Capital plans digital fund, hires ex-Delhivery, ICICI execs as partners

Bay Capital Partners on Thursday appointed Delhivery's ex-Chief Business Officer Sandeep Barasia and ICICI Venture's Tej Kapoor as Co-founders and partners. This comes amid the firm's likely launch of a Digital Opportunities Fund to support high-quality businesses in the digital space. About ₹1,000-1,500 crore is being raised for the new fund, which will invest in both private and public markets.