The Titan Capital Winners Fund, supported by Rohit Bansal and Kunal Bahl, co-founders of Snapdeal, has increased its target corpus to Rs 200 crore because they will serve as the fund’s primary investors.
The fund’s only investments will come from its seed portfolio’s breakthrough companies in their subsequent funding rounds.
“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.
Tech-enabled companies run by founders and management teams that create new markets are the focus of the Titan Capital Winners Fund. In less than six months, the fund’s fundraising campaign was finished, and notable family offices, CEOs, and founders of industry-leading businesses are among its leading investors.
According to Titan Capital, a limited number of LPs are anticipated to be added through the greenshoe option. Apart from Bahl and Bansal, a group led by Chetan Rana, the chief financial officer (CFO), oversees the management of the Winners Fund.
Since 2011, over 250 companies have received funding from Titan Capital. Ola Cabs, Razorpay, Unicommerce, Urban Company, MamaEarth, and OfBusiness are a few companies in its portfolio of seed investments.
Along with making significant exits from Urban Company, MamaEarth, Ola, and Credgenics, Bahl and Bansal also used the fund. In the early funding rounds of Urban Company, they had invested a total of Rs 57 lakh; they recently completed their exit with a sum of Rs 111 crore. Their initial investment in Ola was for sixty thousand dollars, and they fully withdrew from the SoftBank-backed company in 2021, at a peak valuation of $7.3 billion.
AceVector, the company that owns Snapdeal, also controls the e-commerce SaaS platform Unicommerce, which went public. One of the successful startups to list on the stock exchange was this one.
