Snapdeal co-founders Kunal Bahl and Rohit Bansal have achieved significant returns on their investment in Urban Company through their early-stage investment platform, Titan Capital.
According to sources, Bahl and Bansal invested a total of Rs 57 lakh in Urban Company’s early funding rounds via Titan Capital. This investment has yielded an impressive 200X return, as they exited Urban Company with Rs 111 crore. This amount also includes a partial exit in 2021. The Economic Times first reported on Titan Capital’s gains from its Urban Company investment.
On Wednesday, Urban Company’s existing investor Dharana Capital (an offshoot of Vy Capital) announced a $50 million investment in the company through a secondary transaction. This transaction also included a $25 million ESOP buyback announced in May, bringing the total secondary investment to $63 million, with Amsterdam-based Prosus also participating.
With these exits, Titan Capital has realized at least 100X returns on investments in companies such as Ola and MamaEarth. In August 2023, Titan Capital achieved a 100-fold return from a partial exit in Credgenics, a debt recovery and legal automation platform. They also saw similar returns from MamaEarth, which went public in November.
Bahl and Bansal also reaped substantial rewards from their investment in Ola. They invested $60,000 in Ola in 2011 and exited in late 2021 when the company reached a peak valuation of $7.3 billion.
Other notable exits from Titan Capital include Bewakoof, Unicommerce, ANS Commerce, and Netmeds.com. Reports indicate that Titan Capital is now establishing a new Winners Fund worth Rs 300 crore to support its existing portfolio companies.
