Bay Capital

Bay Capital is an independent investment firm founded in 2006 that manages private equity investments and covers a broad range of asset classes, including private equity, publicly traded equities, and fixed income. It pursues opportunistic, deal-by-deal opportunities and remains sector agnostic, often taking majority or co-investments and forming long-term partnerships with investee companies. The firm targets small to mid-sized businesses across consumer products and services, distribution and wholesale, business services, software, data mining and data integration, and technology sectors. It emphasizes leveraging a global network and experienced board oversight to create value for stakeholders, and pursues cross-border opportunities as part of its growth strategy.

Nikunj Doshi

Managing Partner

Ritwick Ghoshal

Managing Partner and CEO

Rahul Jha

Principal

Nishad Karkare

Partner

Prachi Kodikal

Partner

Devang Mehta

Principal

Siddarth Mehta

Founder and CIO

Ravi Srivastava

Partner and Head of Research

11 past transactions

Lenskart

Series H in 2021
Lenskart is an Indian online optical store offering a wide range of prescription eyeglasses and contact lenses. With over 500 frame designs and various brands, it provides affordable options starting from Rs. 399. The company ensures hassle-free shopping with free home delivery within 48 hours and a 365-day return policy.

ixigo

Series C in 2021
ixigo is an AI-based travel app founded in 2007 by Aloke Bajpai and Rajnish Kumar, catering to over 150 million users in India. The platform enables travellers to organise, book, and track their trips through a network of more than 120 travel suppliers and online travel agencies, covering flights, trains, hotels, buses, and cabs. ixigo aims to provide trustworthy and personalised travel recommendations. It has gained recognition as one of the fastest-growing travel apps, ranking as the second most downloaded in India and the sixth globally on the Google Play Store as of 2018. The company has been at the forefront of innovation in the travel sector, leveraging advancements in AI, voice technology, and machine learning. ixigo has received multiple accolades, including the Phocuswright people's choice award for its AI-driven voice-based travel assistant, TARA, and the best UI/UX award for its flights app at the Google India App Summit in 2018.

Policybazaar Insurance Brokers Private Limited

Secondary Market in 2021
Policybazaar Insurance Brokers Private Limited operates an online insurance marketplace and software platform in India. It provides life, health, car, two-wheeler, general, travel and home insurance through its portal and mobile app, enabling consumers to compare plans based on coverage, premium, benefits and exclusions. The company aggregates information on medical, term life, travel and motor insurance products and offers tools and calculators to help users estimate their insurance requirements and expected premiums. Headquartered in Gurugram and founded in 2014, Policybazaar aims to simplify the process of selecting insurance by presenting transparent comparisons and guidance to help customers make informed decisions.

SAMCO Securities

Series B in 2018
Founded in 1993, SAMCO Securities is an Indian online stock and commodity brokerage firm. It offers trading platforms for investments in stocks, commodities, global currencies, exchange traded funds, bonds, and non-convertible debentures listed on Indian exchanges. The company aims to provide affordable access to capital markets and unique margin products to enhance capital efficiency.

WorldAPP

Private Equity Round in 2017
WorldAPP, Inc. is a Software-as-a-Service company specializing in web-based data collection and business process solutions. Established in 2002 and headquartered in Braintree, Massachusetts, with additional offices in the United Kingdom, WorldAPP provides a range of tools designed to help organizations effectively manage and utilize data. Its offerings include Key Survey for data collection and analysis, Extreme Form for extending form-based processes, Form.com for business process management, and IDEAS for integrated data engineering. The company also offers WorldAPP 360, a feedback survey solution. These products can be delivered through either on-demand (SaaS) or on-premise models, catering to various industries such as finance, manufacturing, retail, education, healthcare, and market research. WorldAPP is recognized as a trusted technology partner, focusing on flexible and modular solutions to meet the diverse needs of enterprises worldwide.

SiteOne Therapeutics

Series A in 2014
SiteOne Therapeutics is a San Francisco-based company developing innovative therapeutics and diagnostics for acute and chronic pain. Their lead candidates are selective inhibitors of the Naᵥ1.7 ion channel, aiming to treat pain safely and effectively without relying on NSAIDs or opioids.

AntFarm

Series A in 2014
AntFarm specializes in identifying disruptive business opportunities and nurturing successful companies through collaboration and knowledge sharing. With a focus on accelerating early-stage company building, AntFarm leverages its expertise, resources, and experienced team to drive growth in leading consumer verticals. Through an intensive hands-on approach, AntFarm aims to disrupt markets and create innovative solutions for the future.

WorldAPP

Debt Financing in 2014
WorldAPP, Inc. is a Software-as-a-Service company specializing in web-based data collection and business process solutions. Established in 2002 and headquartered in Braintree, Massachusetts, with additional offices in the United Kingdom, WorldAPP provides a range of tools designed to help organizations effectively manage and utilize data. Its offerings include Key Survey for data collection and analysis, Extreme Form for extending form-based processes, Form.com for business process management, and IDEAS for integrated data engineering. The company also offers WorldAPP 360, a feedback survey solution. These products can be delivered through either on-demand (SaaS) or on-premise models, catering to various industries such as finance, manufacturing, retail, education, healthcare, and market research. WorldAPP is recognized as a trusted technology partner, focusing on flexible and modular solutions to meet the diverse needs of enterprises worldwide.

V12 Data

Private Equity Round in 2014
V12 Data specializes in data quality management, offering software solutions that help businesses cleanse, standardize, match, and analyze customer and business information. Their products enable marketing and IT professionals to build clean, centralized databases, perform intelligent data analysis for targeted marketing campaigns, and measure campaign responses. V12 Data's platform combines rich data assets with robust technology to provide a seamless, omnichannel customer view, enabling personalized marketing across various channels and devices. They cater to industries such as automotive, retail, restaurants, travel, and finance.

InterAct Public Safety Systems

Debt Financing in 2013
InterAct Public Safety Systems, established in 1975, specializes in providing advanced software solutions for public safety incident response and management. The company equips first responders with tools to coordinate, communicate, and react swiftly and accurately during emergencies, enabling them to save lives effectively. InterAct's offerings include integrated multi-agency, multi-jurisdictional systems tailored for public safety, corporate security, and homeland security sectors. With over 1,450 clients across 44 states and three continents, including city, county, state, federal agencies, and private institutions like universities and hospitals, InterAct's solutions are renowned for their ease of use and comprehensive features. The company's success is reflected in its high client satisfaction and retention rates, driven by a commitment to continuous product development and improvement to meet evolving communication infrastructure demands and security requirements.

Intac International

Venture Round in 2012
Intac International, LLC, founded in 1988 and headquartered in Woburn, Massachusetts, specializes in developing software solutions tailored for HVAC, plumbing, electrical, and field service contractors. The company's flagship product, Wintac, is a comprehensive business management software designed for field service, installation, and construction companies across various sectors, including commercial, residential, and industrial. Wintac offers features such as scheduling, dispatching, work order management, customer and lead management, accounting, and inventory management, catering to the unique needs of numerous industries, from air conditioning and plumbing to landscaping and pest control. With a commitment to continuous improvement, Intac International has established a strong reputation for providing high-quality software and support, serving over 8,000 companies and more than 60,000 users globally. The company's dedication to innovation and customer service has made Wintac a leading choice in the field service software market.
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