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). The fund, which had initially targeted Rs 200 crore, expanded through a green-shoe option to accommodate additional commitments, according to a press release by the firm.
The capital raised will be channeled into later-stage investments for companies already within Titan Capital’s portfolio, which includes notable names like Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs. Since its inception in 2011, Titan Capital has invested in more than 250 startups across various sectors.
Earlier in August 2024, Titan Capital achieved its initial funding target of Rs 200 crore and has since made significant exits from key investments. The firm notably turned its Rs 57 lakh investment in Urban Company into a complete exit worth Rs 111 crore. Similarly, an initial $60,000 investment in Ola grew exponentially, with the firm exiting when the ride-hailing company reached a valuation of $7.3 billion in 2021.
Additionally, Titan Capital recently launched Indicorns, an index spotlighting profitable startups generating over Rs 100 crore in revenue. The list features prominent names such as Groww, Infra.Market, Indifi, ConfirmTkt, CashE, Fibe, Everest Fleet, Fynd, Indiqube, Karza, Lendingkart, Oxyzo, and Nodwin.
With this fresh capital, Titan Capital aims to continue its strategic support of high-potential startups, providing a boost to India’s vibrant entrepreneurial ecosystem.
