Kunal Bahl and Rohit Bansal, founders of Snapdeal and now leading Titan Capital, have achieved a remarkable exit from the services platform Urban Company with a staggering 200 times return on their investment.
According to The Economic Times, the duo had invested Rs 57 lakh in 2015, and with their exit, the total proceeds from this investment amount to Rs 111 crore.
This exit marks a significant milestone for Bahl and Bansal, who have been involved with Urban Company for nearly a decade. Titan Capital announced that all the proceeds from this successful exit will be used to fund the next generation of founders. The Snapdeal founders have already made angel investments in over 200 startups through Titan Capital.
Titan Capital, led by Bahl and Bansal, has been instrumental in supporting a wide array of startups across various sectors. Recent investments include companies like 91Trucks, consumer brand Boba Bhai, and software service Simplismart. The firm’s portfolio also boasts popular names such as Ola Cabs, RazorPay, and Giva Jewellery.
The company has strategically invested across 20 sectors, including fintech, B2B services, and consumer tech. Titan Capital continues to identify and support innovative startups, leveraging its extensive experience and successful track record in the startup ecosystem.
The successful exit from Urban Company underscores Titan Capital’s commitment to nurturing startups and driving growth in the industry. By reinvesting the proceeds into new ventures, Bahl and Bansal aim to foster innovation and support emerging entrepreneurs, thereby contributing to the overall development of the startup ecosystem.
Their strategic investments and exits demonstrate Titan Capital’s ability to identify high-potential startups and generate substantial returns, further solidifying its reputation as a leading venture capital firm in India.
