The founders of Snapdeal – Kunal Bahl and Rohit Bansal started Titan Capital – an investment vehicle – through which they will be investing in startups.
Unlike funds by institutions, the new initiative by Bahl and Bansal will not have a corpus but will invest in startups through money infused by the two founders.
One of the sources revealed that it is like a branding given in the form of this investment vehicle. So far Kunal and Rohit had been investing in their individual capacity. Now the cap-table of the portfolio companies will have the name of Titan Capital instead of the two of them.
The funding has been done by Bipin Shah, who before joining the firm, worked as the board observer for Honasa Consumer.
The people backing Titan Capital claim to have already invested across 70 startups. However, it is told that most of these companies are the ones where Bahl and Bansal invested in their individual capacity.
According to the website, their portfolio companies have raised over $4 billion from 100 institutional investors in follow-on rounds, while the amount invested by the two founders across startups so far is yet to be known.
Though, Titan Capital was launched earlier this year, there hasn’t been much activity on the investment front as of now as per the sources.
On the official website of the initiative, it is said, “We don’t need to see a functioning product or revenue. We want to get to know you and your vision for the business, and why it will matter.”
