Titan Capital’s Winning Fund exceeds Rs 200 crore target, with Snapdeal co-founders leading the charge
Mumbai: Titan Capital, the venture capital firm backed by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has successfully raised its target corpus of Rs 200 crore for its Winners Fund. The fund, which will exclusively focus on investing in follow-on rounds of breakout companies from its seed portfolio, has seen significant interest from prominent family offices, CEOs, and founders of leading companies, as well as key figures from the VC landscape.
The Titan Capital Winners Fund, which was raised in under six months, will be led by Bahl and Bansal, who will serve as the largest investors in the fund. The duo expressed their enthusiasm for the fund in a joint press release, stating, “With the Titan Capital Winners Fund, we can more significantly support the founders of our portfolio companies in subsequent rounds of capital raises, further strengthening Titan Capital’s partnership with them.”
The fund is focused on investing in tech-enabled businesses led by founders and management teams building category creators. With its successful launch, Titan Capital has now backed over 250 companies since 2011, with a portfolio that includes notable startups such as Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs.
Notably, Bahl and Bansal have already made hefty exits from several of their investments, including Urban Company, MamaEarth, Ola, and Credgenics. In the case of Urban Company, they invested a total of Rs 57 lakh in the company’s early funding rounds and recently exited with a whopping Rs 111 crore. Their original investment in Ola was a mere $60,000, but they went on to make a significant profit when the company reached its peak valuation of $7.3 billion in 2021.
The success of the Titan Capital Winners Fund is a testament to the confidence that investors have in the duo’s investment vision and the potential of the startups in their portfolio. With the fund’s launch, Titan Capital is well-positioned to continue its support for innovative founders and companies, further strengthening its partnership with them.
