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Titan Capital marks final close of winners fund at $40 Mn

EntrackrEntrackr · 1y ago
Titan Capital marks final close of winners fund at $40 Mn
Medial

Titan Capital Winners Fund, which is backed by Snapdeal co-founders Kunal Bahl and Rohit Bansal, has announced its final close at Rs 333 crores (around $40 million). Earlier in August 2024 the Fund had achieved its initial target raise of Rs 200 crore and now decided to accommodate additional commitments by subscribing to the green-shoe option. This capital will be deployed in the firm’s existing portfolio companies in later stages, the company said in a press release. Since 2011, Titan Capital has backed more than 250 companies. Some notable seed investments include Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs. In August, Titan Capital’s Winners Fund reached its target corpus of Rs 200 crore. Through this fund, it made significant exits from companies like Urban Company, MamaEarth, Ola, and Credgenics. Notably, Titan Capital’s early investment of Rs 57 lakh in Urban Company resulted in a complete exit worth Rs 111 crore. In Ola, an initial $60,000 investment grew substantially, with the duo fully exiting when the company reached a peak valuation of $7.3 billion in 2021. Recently, Titan Capital launched Indicorns, a new index that highlights profitable startups with over Rs 100 crore in revenue. Groww, Infra.Market, Indifi, ConfirmTkt, CashE, Fibe, Everest Fleet, Fynd, Indiqube, Karza, Lendingkart, Oxyzo, and Nodwin are among the startups included in the Indicorns list.

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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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