Investment

Titan Capital Winners Fund Closes at INR 333 Crore, Announces Three Initial Investments

• ByStartupStory     |    October 21, 2024

Titan Capital Winners Fund, a SEBI-registered Category-II Alternative Investment Fund (AIF), has successfully closed its fund at INR 333 crore, surpassing its initial target of INR 200 crore. Launched in August 2024, the fund saw substantial investor interest, prompting the firm to exercise its greenshoe option and raise additional commitments.

The fund is co-anchored by Kunal Bahl and Rohit Bansal, prominent figures in India’s startup ecosystem, who have been actively investing in over 280 startups since 2011. As the largest investors in the fund, Bahl and Bansal continue to support founders in scaling their ventures, strengthening their influence in the Indian startup landscape.

“We are grateful for the overwhelming interest we’ve received from investors for the Titan Capital Winners Fund. Through this fund, we will back about 20 tech-enabled businesses with an average cheque size of Rs 15 crores. This further strengthens our existing partnership with the founders and gives a strong positive signal to new investors in their company,” said Kunal Bahl and Rohit Bansal in a joint statement.

The fund’s management team includes seasoned professionals like Chetan Rana, the CFO of the fund, who brings vast experience from his roles at WestBridge Capital and Edelweiss Financial Group. Shiv Kapoor, Vice President of the fund, has over a decade of experience working with startups, including stints at Dropbox in the US and Urban Company in India.

Strategic Focus on Follow-On Rounds for Breakout Startups

The Titan Capital Winners Fund will focus on follow-on rounds for breakout companies from its seed portfolio, leveraging high-signal data to make informed, strategic investments. The fund plans to invest in approximately 20 tech-enabled businesses, with an average cheque size of Rs 15 crore.

The fund has already made its first three investments. Convin, a Bengaluru-based startup, is building an AI co-pilot for customer-facing teams and serves major clients such as Flipkart and ICICI Bank. Mumbai-based Beco focuses on eco-friendly homecare products, including cleaning solutions and paper-based items. Additionally, Simplismart, a platform that accelerates the implementation of machine learning models for organisations of all sizes, has also secured funding from Titan Capital.

Several other potential deals are currently being evaluated.

Strong Portfolio and Diverse Investor Base

Titan Capital’s seed portfolio includes some of India’s most successful startups, such as Urban Company, Mamaearth, Ola Cabs, Razorpay, Credgenics, and OfBusiness. The Winners Fund’s Limited Partners (LPs) include a diverse mix of family offices, CEOs, founders, and notable figures from the venture capital industry.

Since its inception, Titan Capital has been a key player in early-stage investments, supporting over 250 startups and contributing to the growth of India’s startup ecosystem. With the close of the Titan Capital Winners Fund, Bahl, Bansal, and their team are well-positioned to continue backing the next generation of high-potential, tech-enabled startups in India.

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