The co-founders of Snapdeal, Kunal Bahl and Rohit Bansal, have seen a significant return on their investment through Urban Company through Titan Capital, their early-stage investment platform.
According to sources, the two had contributed a total of Rs 57 lakh through Titan Capital to Urban Company’s initial fundraising rounds.
“This investment has given them about 200X return in total as they completely exited Urban Company with Rs 111 crore,” said one of the sources.
The sum mentioned above also accounts for a partial departure in 2021. The Titan Capital upside in Urban Company was first reported by ET.
Dharana Capital, a division of Vy Capital that it has made a $50 million secondary investment in the Abhiraj Bhal-led Urban Company. The deal also included the $25 million ESOP buyback that was previously announced in May. Sources claim that a total of $63 million was invested through secondary, with Prosus, a major Amsterdam investor, taking part as well.
Titan Capital has profited at least 100 times from their wagers on MamaEarth and Ola, among other things, as a result of this. Titan Capital withdrew partially from the debt recovery and legal automation platform Credgenics in August 2023, realizing a 100-fold return on its investment. When MamaEarth held its IPO in November of last year, the fund also saw a comparable return.
With their investments in Ola, Bahl and Rohit Bansal likewise made enormous profits. They began making investments in Ola in 2011 and withdrew completely in late 2021. While Ola’s peak valuation of $7.3 billion was reached in 2021, the initial investment was only $60,000.
ANS Commerce, Netmeds.com, Bewakoof, and Unicommerce are among the other noteworthy exits made by Titan Capital. According to media reports, it is also establishing a new Rs 300 crore Winners Fund to support Titan Capital’s current portfolio companies.
