Titan Capital, backed by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has successfully closed its Winners Fund at Rs 333 crore (approximately $40 million). Initially, the fund had achieved its target raise of Rs 200 crore by August 2024 but later opted to increase commitments through the green-shoe option.
The raised capital will be primarily used to support the firm’s existing portfolio companies as they scale through later stages of growth, according to the company’s official statement.
Titan Capital, since its inception in 2011, has invested in over 250 startups, with notable seed investments in companies like Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs.
The Winners Fund, which hit its Rs 200 crore target earlier this year, has seen successful exits from companies like Urban Company, MamaEarth, Ola, and Credgenics. One of its standout exits includes an investment of Rs 57 lakh in Urban Company, which resulted in a full exit valued at Rs 111 crore. Similarly, an early $60,000 investment in Ola yielded substantial returns as the company reached a peak valuation of $7.3 billion in 2021.
Additionally, Titan Capital recently introduced the Indicorns Index, which highlights profitable startups with revenue surpassing Rs 100 crore. The list includes companies like Groww, Infra.Market, Indifi, ConfirmTkt, CashE, Fibe, Everest Fleet, Fynd, Indiqube, Karza, Lendingkart, Oxyzo, and Nodwin.