Titan Capital Winners Fund, spearheaded by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has successfully met its ambitious target of raising Rs 200 crore. The fund is notable for its strategic focus on investing in follow-on rounds for high-potential companies within its seed portfolio.
Bahl and Bansal, who anchor the fund as its largest investors, expressed their enthusiasm in a joint statement: “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 Titan Capital Winners Fund is dedicated to tech-enabled businesses led by visionary founders and management teams. The fund’s rapid capital raise was completed in less than six months, with its Limited Partners (LPs) including distinguished family offices, CEOs, founders of leading companies, and prominent figures from the venture capital sector.
In addition to the core investments from Bahl and Bansal, the fund is managed by a team led by Chetan Rana, serving as the Chief Financial Officer (CFO). Titan Capital has a robust track record, having backed over 250 companies since its inception in 2011. Notable investments from its seed portfolio include Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs.
The Titan Capital Winners Fund has also seen significant exits, including from Urban Company, MamaEarth, Ola, and Credgenics. For example, an initial investment of Rs 57 lakh in Urban Company’s early rounds recently yielded an impressive exit of Rs 111 crore. Similarly, their early investment of $60,000 in Ola saw a return when the company’s valuation peaked at $7.3 billion in 2021.
Unicommerce, another portfolio company, went public and became one of the most profitable startups listed on the stock exchange, further showcasing the fund’s successful investment strategy.
Titan Capital’s latest fund continues to build on its legacy of identifying and nurturing high-growth potential companies, reinforcing its commitment to fostering innovation and growth in the tech-enabled business sector.
