About Bay Cap
Bay Cap is a Financial Services company based in Mumbai (India) founded in 2006 by Siddharth Mehta. Multiple strategies are employed in hedge fund equity management. Bay Cap has raised $2.29 million across 4 funding rounds from investors including Vivea Holdings and Service, Hank Uberoi and Alok Oberoi. Bay Cap was last valued at $1.95 million in March 2023. Its chief executive, as recorded, is Leo Dunn. Its Indian entity Bay Capital Advisors Private Limited reported revenue of ₹2.89 Cr. Its focus areas include Investment Industry, Hedge Funds, Funds and Limited Partners.
Company details
Bay Capital was established in 2006 in Mumbai, India, as a hedge fund manager. Operations center on a long-only, buy-and-hold equity strategy informed by bottom-up analysis. Multiple investment approaches are applied across portfolios. Institutional clients, including endowments, foundations, family offices, and corporate pension funds, are served through these managed funds.
- Headquarters Mumbai, India
- Founders Siddharth Mehta
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website bay-cap.com
- Social LinkedIn X
- Legal Name Bay Capital Advisors Private Limited
- Date of Incorporation 25 Aug, 2009
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.89 Cr
FY 2017 · +359% YoY
- Net Loss-₹1.42 Cr
FY 2017 · -49% margin
- EBITDA-₹1.11 Cr
FY 2017 · -38% margin
- Total Equity Funding$2.29M (USD)
in 4 rounds
- Latest Funding Round$778.09K (USD), Seed
Mar 2023
Associated legal entities of Bay Cap
Bay Cap is associated with 2 registered companies on The Company Check; the primary company is Bay Capital Advisors Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bay Capital Advisors Private Limited CIN U65100MH2009PTC195209 | Amalgamated | 25 Aug 2009 | Mumbai, Maharashtra | ₹2.9 Cr | 2 | View details | |
| Bay Capital Investment Advisors Private Limited CIN U74140MH2006PTC166367 | Active | 20 Dec 2006 | Mumbai, Maharashtra | ₹14.9 Cr | 18 | 3 | View details |
Funding Insights of Bay Cap
Bay Cap has successfully raised a total of $2.29M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $778.09 thousand completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.29M
- Total Rounds 4
- Last Round Seed — $778,093
- First Round $337,310
(Feb 2007)
- Investors Count 6
All 4 funding rounds of Bay Cap with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2023 | $778,093 | Seed | $1.95M | Vivea Holdings and Service | – |
| Jul 2008 | $1.11M | Angel Round | $8.52M | Hank Uberoi, Hank Uberoi | |
| Aug 2007 | $67,355 | Angel Round | $••••• | Hank Uberoi, Hank Uberoi | |
| Feb 2007 | $337,310 | Angel Round | $••••• | Hank Uberoi, Hank Uberoi |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $1.95M | •••••••• |
| Jul 2008 | $8.52M | •••••••• |
Last known valuation $1.95M (Mar 2023). 6 investors in total: 1 institutional and 5 angel.
Investors in Bay Cap
Bay Cap has secured backing from 6 investors, including angel investors. Prominent investors backing the company include Vivea Holdings and Service, Hank Uberoi and Alok Oberoi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
HU Hank Uberoi | unknown_472c540f813147c0a | |||
AO Alok Oberoi | unknown_31adb95150b24fa78 | |||
GT Gunnar Torsten Palm | unknown_0da75995259d475a9 | |||
HU Hank Uberoi | unknown_4c8d8dd003c946daa | |||
HU Hank Uberoi | Indian angel investor, Chairman of Earthport, focused on fintech and tech startups. | unknown_301790b690ee42298 | ||
Investor details for Bay Cap
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Bay Capital Advisors Private Limited (Bay Cap)
Bay Capital Advisors Private Limited is the primary company behind Bay Cap. The boards of the 2 registered companies of Bay Cap currently have 3 directors; the longest-serving is Nikunj Champaklal Doshi, appointed in 2010. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nikunj Champaklal Doshi DIN 02896947 | Director | 04 Jan 2010 | 16 yrs 10 mo | Bay Capital Advisors Private Limited, Bay Capital Investment Advisors Private Limited |
| Keyur Majmudar DIN 03039714 | Director | 30 Jul 2010 | 16 yrs 3 mo | Bay Capital Investment Advisors Private Limited |
| Sushma Ravindranath Amin DIN 06906997 | Director | 28 Jul 2016 | 10 yrs 3 mo | Bay Capital Advisors Private Limited |
People of Bay Cap
3 people are tracked at Bay Cap (3 in leadership).
| Name | Role | Group |
|---|---|---|
Siddharth Mehta | Founder & CIO | Leadership |
Leo Dunn | CEO | Leadership |
| Managing Director | Leadership |
Complete people profiles for Bay Cap
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Bay Cap
Figures of Bay Capital Advisors Private Limited, the primary company behind Bay Cap, for FY 2017. Revenue was ₹2.89 Cr (+359% year on year). Net loss was -₹1.42 Cr (-49% margin). EBITDA was -₹1.11 Cr (-38% margin).
- ₹2.89 CrRevenue · FY 2017 · +359% YoY
- -₹1.42 CrNet loss · -49% margin
- -₹1.11 CrEBITDA · -38% margin
- ₹8.50 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Bay Capital Advisors Private Limited are on its company page.
Detailed financial statements for Bay Cap
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Bay Cap
4 dated milestones of Bay Cap across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Bay Cap is founded.
- Funding First funding round of $337K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $778K.
Web traffic of Bay Cap
The website of Bay Cap (bay-cap.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 45% vs previous month
Top companies in Investment & Wealth Tech
3 companies that operate in the same segment as Bay Cap (Investment & Wealth Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment consultant for future & options and commodities | 1987 | Kochi, Kerala, India | USD 71.52 M | 2,690 | ||
Technology-led financial products and infrastructure services are provided for consumers. | 2021 | Mumbai, Maharashtra, India | USD 145.66 M | USD 1.98 M | 376 |
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Related news about Bay Cap
Complete news archive for Bay Cap
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Frequently Asked Questions about Bay Cap
Bay Cap was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Bay Cap is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Leo Dunn is the CEO of Bay Cap, as recorded in our data.
Bay Cap is a funded company, having raised a total of $2.29M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $337.31K, raised on Feb 2007.
The primary company behind Bay Cap, Bay Capital Advisors Private Limited, reported revenue of ₹2.89 Cr for FY 2017, up 359% year on year.
Bay Capital was established in 2006 in Mumbai, India, as a hedge fund manager. Operations center on a long-only, buy-and-hold equity strategy informed by bottom-up analysis. Multiple investment approaches are applied across portfolios. Institutional clients, including endowments, foundations, family offices, and corporate pension funds, are served through these managed funds.
Bay Cap has 6 investors. Key investors include Vivea Holdings and Service, Hank Uberoi, Alok Oberoi, Gunnar Torsten Palm, and Hank Uberoi.
The valuation of Bay Cap is $1.95M as of Mar 2023.
Bay Cap is associated with 2 legal entities: Bay Capital Advisors Private Limited, Bay Capital Investment Advisors Private Limited.
The legal entities of Bay Cap currently have 3 directors, including Sushma Ravindranath Amin, Nikunj Champaklal Doshi, Keyur Majmudar.