Seed-stage investor Titan Capital, established by Snapdeal cofounders Kunal Bahl and Rohit Bansal, has successfully raised Rs 200 crore for a new fund aimed at bolstering its existing portfolio companies. This fund, known as the Titan Capital Winners Fund, marks the first time the Gurugram-based firm has raised external capital, having previously relied on investments from its founders.
Bahl and Bansal, who are anchoring the fund as its largest limited partners, have attracted backing from prominent family offices, top company executives, and venture capital industry leaders. The fund also allows for an optional greenshoe, with a few more limited partners expected to join.
Titan Capital is renowned for its early-stage investments in startups. With the newly secured capital, the firm aims to provide more substantial support to the founders of its portfolio companies during subsequent funding rounds, further solidifying its partnerships with these ventures. Since its inception in 2011, Titan Capital has invested in over 250 companies, including well-known startups like Urban Company, MamaEarth, OfBusiness, Razor, Unicommerce, and Ola Cabs.
More recent exits include an exit from Titan Capital’s portfolio company Urban Company – a brokerage platform for at home services – where it received nearly 200 times of its invested capital back. An early investor in the firm, it had invested Rs 57 lakh in Urban Company in 2015, and exited with Rs 111 crore in total proceeds. Out of the announcements, Titan Capital has also tasted success of 100x or more in Ola Cabs, OfBusiness and Credgenics. While they have completely sold out Ola Cabs, they had a partial sell of Credgenics and still retains share in OfBusiness.
During IPO of MamaEarth parent company Honasa Consumer Titan Capital raised up to Rs 78 crore and currently has stakes of approximately Rs 80 crore in Gurugram based omnichannel retailer. Bahl and Bansal have promised to plough back every bit of their gains from MamaEarth’s IPO towards other exciting ventures.