Titan Capital

Titan Capital is an Indian venture capital firm headquartered in Gurugram, Haryana, founded in 2015 by Kunal Bahl and Rohit Bansal, co-founders of Snapdeal. The firm focuses on early-stage investments in technology-enabled startups, with a portfolio of over 280 companies across sectors like D2C, Fintech, SaaS, and consumer internet. Titan Capital is known for its founder-centric approach, often acting as the first institutional investor and providing mentorship and strategic support. The firm has backed 10 unicorns and facilitated multiple IPOs and acquisitions. In 2024, it launched the Winners Fund, a ₹333 crore (US$38 million) fund to support follow-on rounds for high-performing portfolio companies.

Titan Capital

Company type	Venture capital
Industry	Venture capital, Private equity
Founded	2015 (2015)
Founder	Kunal Bahl, Rohit Bansal
Headquarters	Gurugram, Haryana, India
Key people	Kunal Bahl (Founding Partner), Rohit Bansal (Founding Partner), Chetan Rana (CFO), Shiv Kapoor (VP)
AUM	₹333 crore (US$38 million) (Winners Fund, 2024)
Website	www.titancapital.vc

Founders & Leadership

Titan Capital was co-founded by Kunal Bahl and Rohit Bansal, both of whom previously co-founded Snapdeal, an Indian e-commerce platform. Kunal Bahl, a graduate of the University of Pennsylvania with a degree in engineering and business, worked at Microsoft before launching Snapdeal. Rohit Bansal, an IIT Delhi alumnus with a degree in computer science, also served in leadership roles at Snapdeal. Their entrepreneurial experience shapes Titan Capital’s investment philosophy, emphasizing founder support and long-term sustainability. The leadership team includes Chetan Rana (CFO) and Shiv Kapoor (VP), with a total of 11 team members, including four partners, as of 2025.

Investment Thesis

Titan Capital focuses on early-stage investments, primarily at the seed and Series A stages, with cheque sizes ranging from $300,000 to $500,000 for seed investments and up to ₹15 crore (US$1.7 million) for follow-on rounds. The firm is sector-agnostic but prioritizes technology-enabled startups in D2C, Fintech, SaaS, consumer internet, and healthtech. It seeks passionate founders with a strong track record, targeting niche markets with small TAM for initial dominance before broader expansion. Titan emphasizes sustainable unit economics and long-term business viability.

Timeline

Year	Milestone
2015	Titan Capital founded by Kunal Bahl and Rohit Bansal.
2019	Formalized as Titan Capital, consolidating prior angel investments by founders.
2021	Portfolio exceeds 200 companies, including Ola, Mamaearth, and Razorpay.
2023	Portfolio companies recognized as Indicorns, generating ₹1.06 lakh crore (US$12 billion) in revenue.
2024	Launched Winners Fund at ₹333 crore (US$38 million) for follow-on investments.
2025	Named sole India-focused VC in Business Insider’s Top 100 Early-Stage Investors list.

Portfolio/Featured Startups

As of May 2025, Titan Capital has invested in 287 startups, including 10 unicorns, with 26 acquisitions and 2 IPOs. Below is a selection of notable investments:

Startup	Sector	Investment Stage	First Invested	Notable Outcomes
Ola	Mobility	Seed	2011	Unicorn, partial exit
Mamaearth	D2C, Beauty	Seed	2016	IPO (2023)
Razorpay	Fintech	Seed	2014	Unicorn
Urban Company	Consumer services	Seed	2015	Unicorn
OfBusiness	B2B, Fintech	Seed	2016	Unicorn, partial exit
Credgenics	Fintech	Seed	2019	Partial exit
Krvvy	D2C, Fashion	Pre-Seed	2024	Raised $705K pre-seed
Fashinza	B2B, Fashion	Seed	2020	Raised $30M (2022)

Notable Exits

Titan Capital has facilitated several high-profile exits:

• Mamaearth: IPO in November 2023, raising ₹78 crore (US$9.0 million) for Titan Capital, with remaining stakes valued at ₹80 crore (US$9.2 million).
• Unicommerce: IPO in August 2024, listed at ₹235 (US$2.70) per share, doubling its issue price.
• Ola: Full exit from Ola Cabs.
• Credgenics: Partial exit, with continued shareholding.

Fund Details

Titan Capital operates two primary funds:

• Titan Seed Fund: Launched in 2015, funded by proprietary capital from Kunal Bahl and Rohit Bansal, focusing on seed-stage investments.
• Winners Fund: Launched in 2024, a ₹333 crore (US$38 million) AIF (Category II, SEBI-registered) for follow-on investments in Series A and Series B rounds, with an average cheque size of ₹15 crore (US$1.7 million).

Accelerator / Program Details

Titan Capital does not operate a formal accelerator program but provides extensive mentorship and networking support to portfolio companies. The firm connects founders with its network of over 1,000 founders and investors for hiring, partnerships, and fundraising.

Application Process

Startups seeking investment from Titan Capital should submit their pitch via email. The pitch should include three key points about the team, traction, and market, with a clear call-to-action. Titan Capital typically makes investment decisions within two meetings, prioritizing founder passion and vision.

Key Co-investors

Titan Capital frequently co-invests with:

• AngelList (12 companies)
• Kunal Bahl (individual investments in 60 companies)
• All In Capital
• WEH Ventures
• DSG Consumer Partners
• Force Ventures

Impact Investments or CSR

Titan Capital supports startups with positive social impact, such as P-TAL, which promotes traditional craftsmanship, and Supertails, a pet care platform. The firm emphasizes sustainable business models but does not have a dedicated CSR program.

Media & Recognition

• Named the only India-focused venture capital firm in Business Insider’s Top 100 Early-Stage Investors list (2025).
• Kunal Bahl featured on The NextLevel Podcast, discussing startup trends and brand-building (2024).
• Rohit Bansal on The Neon Show, sharing insights on early-stage investing (2022).

FAQs

What is Titan Capital’s investment focus?

Titan Capital invests in early-stage, technology-enabled startups in D2C, Fintech, SaaS, and consumer internet, prioritizing passionate founders and sustainable unit economics.

How can startups pitch to Titan Capital?

Startups should email a concise pitch with a personalized greeting, a clear subject line, and three key points about team, traction, and market. Decisions are typically made within two meetings.

What is the Winners Fund?

Launched in 2024, the Winners Fund is a ₹333 crore (US$38 million) AIF focused on follow-on investments in high-performing portfolio companies at Series A and Series B stages.

Does Titan Capital invest globally?

While primarily focused on India, Titan Capital also invests in U.S.-based startups, particularly in SaaS and Fintech.

External Links

• Official website
• LinkedIn
• X profile

Related Investors

• Sequoia Capital India
• Accel Partners
• Blume Ventures
• Chiratae Ventures