Snapdeal founders Kunal Bahl and Rohit Bansal, who now run Titan Capital, have exited the services platform Urban Company with a staggering 200 times return on their investment, according to media reports. Bansal and Bahl secured these returns on their decade-old seed cheque, having invested Rs 57 lakh in 2015.
With their exit, the aggregate proceeds from this investment total Rs 111 crore, according to media reports. Titan Capital announced that all proceeds from Urban Company will be used to fund the next generation of founders.
According to media reports, the Snapdeal founders have made angel investments in over 200 startups through Titan Capital. The firm's recent investments include 91Trucks, consumer brand Boba Bhai, and software service Simplismart. Titan Capital's portfolio also features prominent companies like Ola Cabs, RazorPay, and Giva Jewellery, spanning 20 sectors such as fintech, B2B services, and consumer tech.
