Bahl and Bansal are the pillars of Titan Capital Winners Fund, as its largest limited partners or sponsors.
This is the first time that the Gurugram-based investor has raised outside capital; so far, the investments have been made by Snapdeal’s co-founders.
The new fund is backed by leading family offices, CEOs and founders of leading companies, along with individuals from the… venture capital industry. Some limited partners (LPs) are expected to be added through an optional greenshoe.
Titan Capital typically invests in startups at a very early stage.
“With the Titan Capital Winners Fund, we can more meaningfully support the founders of our portfolio companies in subsequent rounds of capital raising, further strengthening Titan Capital’s partnership with them,” Bahl and Bansal said in a joint statement.
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Since 2011, the duo has invested in over 250 companies. Titan Capital’s early-stage investment portfolio includes startups such as Urban Company, Mother EarthOfBusiness, Razorpay, Unicommerce and Ola Cabs.On July 31, ET reported that Titan Capital made a complete exit from the home services platform Urban Companyearning a return of nearly 200 times their initial investment over nine years. The duo had invested Rs 57 lakh in 2015 and emerged with total profits of Rs 111 crore.
Other investments where Titan Capital has earned returns, including unrealised returns, of 100 times or more include Ola Cabs, OfBusiness and Credgenics. While they have fully exited Ola Cabs, they have made a partial exit from Credgenics and continue to hold shares in OfBusiness.
Through the initial public offering (IPO) of the parent company Mamaearth Honasa ConsumerThe duo raised around Rs 78 crore. They still own stakes worth around Rs 80 crore in the Gurugram-based omnichannel retailer. On November 8, ET reported that Bahl and Bansal said They will reinvest all their profits from the Mamaearth IPO into other startups.
Both Bahl and Bansal are also promoters of e-commerce software developer Unicommerce, which went public on August 13 at a hefty premium. On the National Stock Exchange (NSE), it was listed at Rs 235 per share, more than double its issue price of Rs 108.
Recently, Titan Capital invested in startups such as Boba Bhai, a quick-service restaurant brand specializing in bubble tea and other food, smart appliance startup Karban Envirotech, and devotional platform DevDham.
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