Titan Capital Winners Fund Hits Rs 200 Crore Target, Anchored by Snapdeal Co-founders Kunal Bahl and Rohit Bansal
- ByStartupStory | August 22, 2024
Titan Capital Winners Fund, a SEBI-registered Category-II Alternative Investment Fund (AIF) backed by Snapdeal Co-founders Kunal Bahl and Rohit Bansal, has successfully raised its target corpus of Rs 200 crore. The fund, which closed its raise in under six months, will primarily focus on follow-on investments in Titan Capital’s seed portfolio companies.
Bahl and Bansal, known for their early and significant contributions to the Indian startup ecosystem, have personally anchored the fund as its largest investors. Since 2011, they have invested in over 250 companies, with a portfolio that includes well-known startups such as Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs.
“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 statement.
The Titan Capital Winners Fund will be managed by an experienced team, including CFO Chetan Rana, who brings a wealth of experience from the PE/VC industry, having worked with WestBridge Capital, Edelweiss Financial Group, and Big 4 firms. Vice President Shiv Kapoor, who has over a decade of experience with companies like Dropbox and Urban Company, will also play a key role in managing the fund.
Sanctum Wealth served as the placement agent for the fundraise, which saw participation from prominent family offices, CEOs, founders of leading companies, and key figures in the venture capital landscape. The fund also anticipates additional Limited Partners (LPs) through an optional greenshoe provision.
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