Snapdeal co-founders Kunal Bahl and Rohit Bansal have made significant gains from their investment in Urban Company through their early-stage investment firm, Titan Capital. They invested a total of Rs 57 lakh in Urban Company’s early funding rounds via Titan Capital. This investment provided them with approximately a 200X return as they fully exited Urban Company with Rs 111 crore. The exit amount also includes a partial exit that took place in 2021.
On Wednesday, existing investor Dharana Capital, an offshoot of Vy Capital, announced a $50 million investment in Urban Company, led by Abhiraj Bhal, through a secondary transaction. This transaction also included a $25 million ESOP buyback announced in May. Sources indicate that the total investment through this secondary transaction amounted to $63 million, with participation from Amsterdam-based investment giant Prosus.
Titan Capital has achieved at least 100X returns on their investments in other companies like Ola and MamaEarth. In August 2023, Titan Capital partially exited from debt recovery and legal automation platform Credgenics, realizing a 100-fold return on their investment. The firm also saw similar returns from MamaEarth, which went public last November.
Bahl and Bansal enjoyed significant returns on their investment in Ola. They invested around $60,000 in 2011 and fully exited in late 2021 when Ola’s valuation peaked at $7.3 billion. This exit marked another successful investment for Titan Capital.
Other notable exits for Titan Capital include Bewakoof, Unicommerce, ANS Commerce, and Netmeds.com. Reports suggest that Titan Capital is also establishing a new Rs 300 crore Winners Fund to support its existing portfolio companies, reflecting its ongoing commitment to backing promising ventures.
