October 21, 2024: Titan Capital has announced the successful final close of its Winners Fund, totaling ₹333 crore. Initially launched with ₹200 crore in August 2024, the fund has now accommodated an over-subscription through its green shoe option. This strategic move further solidifies Titan Capital’s position in the venture capital landscape.
Anchoring the new fund are Snapdeal co-founders Kunal Bahl and Rohit Bansal, who have collectively invested in nearly 280 startups since Titan Capital’s inception in 2011. The fund also includes contributions from a diverse group of Limited Partners, comprising family offices, CEOs, founders of leading companies, and notable figures within the venture capital space. Specific identities were not disclosed.
Titan Capital Kunal Bahl and Rohit Bansal Lead ₹333 Crore “Winners Fund” to Cut Average Cheque Size of ₹15Cr
The Fund will invest in follow-on rounds for approximately 20 startups in its portfolio, with an average cheque size of ₹15 crore. The sectors targeted include marketplaces, direct-to-consumer (D2C) brands, B2B SaaS offerings, and commerce. In a joint statement, Bahl and Bansal expressed gratitude for the overwhelming interest from investors, stating, “This further strengthens our existing partnership with founders and gives a strong positive signal to new investors in their company.”
To enhance its operational capabilities, Titan Capital has made key appointments, including Chetan Rana from WestBridge Capital as CFO and Shiv Kapoor, former Associate Director of Product Management at Urban Company, who will serve as Vice President.
The Winners Fund has already made its mark by investing in three innovative companies: Convin, an AI-based conversation intelligence platform; Beco, an eco-friendly homecare brand; and Simplismart, a cloud-based MLOps workflow orchestration platform. Currently, the fund is evaluating additional investment opportunities.
Over the next three years, the Fund will target investments in companies at pre-Series A, Series A, and Series B stages. The venture capital firm has established a strong track record of supporting high-growth companies across various sectors, including Urban Company, Mamaearth, Ofbusiness, Razorpay, Unicommerce, Credgenics, and Ola.
With a diverse portfolio of over 280 startups, the venture capital firm has recorded 13 successful exits, the most recent being a remarkable 200X return from Urban Company, according to reports from research platform CBInsights.
