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Titan Capital launches investment vertical to back Indian defence-tech startups

EntrackrEntrackr · 3m ago
Titan Capital launches investment vertical to back Indian defence-tech startups
Medial

Titan Capital launches investment vertical to back Indian defence-tech startups Seed-stage venture capital firm Titan Capital has launched a specialised investment vertical to fund startups innovating in India’s defence and strategic technology space. With this program, Titan Capital is looking to invest in startups working in hardware, aerospace, cybersecurity, and manufacturing. The focus is on national security, supporting deep-tech innovation, generating jobs, and helping India become an exporter of strategic technologies. Kunal Bahl, Co-founder of Titan Capital, said, “We need to back our brightest minds—engineers, researchers, and builders—to create sovereign, dual-use technologies that can shape not just India’s future, but the future of global defence…” As part of this initiative, Titan Capital is also looking to collaborate with veterans from the armed forces, scientists, and experienced technologists who can help assess and guide these investments with strategic insight and domain expertise. Titan Capital has backed over 250 startups to date, including Ola, Razorpay, Urban Company, OfBusiness and Giva. With this new initiative, it hopes to shape the next generation of strategic innovation at the intersection of purpose, tech, and nation-building.

Investment in Mamaearth happened by chance: Titan Capital’s Kunal Bahl

Economic TimesEconomic Times · 1y ago
Investment in Mamaearth happened by chance: Titan Capital’s Kunal Bahl
Medial

Kunal Bahl, co-founder of Titan Capital and former Snapdeal founder, revealed that he decided to invest in Mamaearth after a bathroom encounter with the brand's shampoo bottle. His wife's recommendation from a moms' group on Facebook and a phone call to Mamaearth's founder, Varun Alagh, led to the investment. Bahl praised Mamaearth for its inspiring journey and profitability, noting that they built the company without the typical startup backgrounds and are beloved by consumers. Bahl and his Snapdeal co-founder are set to make a remarkable 100x return on their 2017 investment in Mamaearth through its IPO. The IPO received strong subscription from institutional buyers and retail investors.

Titan Capital Winners Fund raises target corpus of Rs 200 Cr

EntrackrEntrackr · 1y ago
Titan Capital Winners Fund raises target corpus of Rs 200 Cr
Medial

Titan Capital Winners Fund, which is backed by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has raised its target corpus of Rs 200 crore as the duo will anchor this fund as its largest investors. The fund will invest exclusively in follow-on rounds of breakout companies from its seed portfolio. “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,” Bahl and Bansal said in a joint press release. The Titan Capital Winners Fund focuses on tech-enabled businesses led by founders and management teams building category creators. The fundraise was completed in less than six months and the fund’s LPs include prominent family offices, CEOs and founders of leading companies, and key figures from the VC landscape. Titan Capital said that a select number of LPs are expected to be added via the optional greenshoe. In addition to Bahl and Bansal, the Winners Fund is managed by a team including Chetan Rana, who is serving as the chief financial officer (CFO). Titan Capital has backed more than 250 companies since 2011. Some of its seed investment portfolio includes Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs. Through the fund, Bahl and Bansal also made hefty exits from Urban Company, MamaEarth, Ola and Credgenics. For context, they had invested Rs 57 lakh total in Urban Company’s early funding rounds and recently took complete exit with Rs 111 crore. In Ola, their original investment was to the tune of $60,000 while the SoftBank-backed company reached its peak valuation of $7.3 billion in 2021 when they exited fully. E-commerce SaaS platform Unicommerce, which also comes under the umbrella of Snapdeal owner AceVector, went public. It was one of the profitable startups to get listed on the stock exchange.

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