Bahl and Bansal are anchoring Titan Capital Winners Fund, as its largest limited partners, or sponsors.
This is the first time that the Gurugram-based investor has raised external capital, with investments so far being made by the Snapdeal cofounders.
The new fund is backed by prominent family offices, chief executives and founders of top companies, along with people from the venture capital industry. A few limited partners (LPs) are expected to be added through an optional greenshoe.
Titan Capital usually invests in startups at a very early stage.
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.
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Since 2011, the duo has invested in more than 250 companies. Titan Capital’s seed investment portfolio includes startups like Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs.On July 31, ET reported that Titan Capital made a complete exit from at-home services platform Urban Company, bagging a nearly 200 times return on their nine-year-old seed investment. The duo had invested Rs 57 lakh in 2015 and exited with total proceeds of Rs 111 crore.
Some of the other investments where Titan Capital has made returns, including unrealised, of 100 times or more include Ola Cabs, OfBusiness and Credgenics. While they fully exited Ola Cabs, they made a partial exit from Credgenics and continue to hold shares in OfBusiness.
Through the initial public offering (IPO) of Mamaearth parent Honasa Consumer, the 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 their entire gains from Mamaearth’s IPO proceeds into other startups.
Both Bahl and Bansal are also the promoters of ecommerce enterprise software developer Unicommerce, which was listed on the bourses on August 13 at a hefty premium. On the National Stock Exchange (NSE), it listed at Rs 235 per share, more than double its issue price of Rs 108.
Recently, Titan Capital invested in startups like Boba Bhai, a quick-service restaurant brand specialising in bubble tea and other food items, smart appliances startup Karban Envirotech and devotional platform DevDham.