[Funding News] Titan Capital Closes Rs 200 Cr Fund to Expand Portfolio Firms

Titan Capital, a seed-stage investor that was established by the co-founders of Snapdeal, Kunal Bahl and Rohit Bansal, has raised Rs 200 crore for its new fund. The firm intends to invest further in its current portfolio companies.

The Gurugram-based investor has raised external capital for the first time, with the Snapdeal cofounders having previously made investments.

The new fund is supported by prominent family offices, chief executives, and founders of top companies, as well as individuals from the venture capital industry. It is anticipated that a limited number of limited partners (LPs) will be included through an optional greenshoe.

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The partnership has invested in over 250 companies since 2011. Urban Company, MamaEarth, OfBusiness, Razorpay, Unicommerce, and Ola Cabs comprise Titan Capital's venture investment portfolio.

Unicommerce, an e-commerce enterprise software developer, was listed on the bourses on August 13 at a substantial premium. The promoters of Unicommerce are both Bahl and Bansal. It was listed on the National Stock Exchange (NSE) at Rs 235 per share, which is more than double the issue price of Rs 108.

About Titan Capital

Founded in 2015 by Kunal Bahl and Rohit Bansal, Titan Capital invests in world-class entrepreneurs looking to create a wide-scale positive impact on India and the World.

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