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Kunal Bahl and Rohit Bansal book 200X return from Urban Company

Snapdeal co-founders Kunal Bahl and Rohit Bansal have made a hefty return on their investment in Urban Company via Titan Capital.

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Harsh Upadhyay
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Urban company

Snapdeal co-founders Kunal Bahl and Rohit Bansal have made a hefty return on their investment in Urban Company via their early-stage investment platform Titan Capital.

Through Titan Capital, the duo had invested Rs 57 lakh total in Urban Company’s early funding rounds, sources told Entrackr. “This investment has given them about 200X return in total as they completely exited Urban Company with Rs 111 crore, " said one of the sources close to the fund requesting anonymity.

The aforementioned amount also includes partial exit in 2021. ET first reported about Titan Capital’s upside in Urban Company.

On Wednesday, Urban Company’s existing investor Dharana Capital (offshoot of Vy Capital) said it has invested $50 million in the Abhiraj Bhal-led company through secondary. The transaction also included $25 million worth ESOP buyback announced in May. According to sources, the total investment through secondary stood at $63 million in which Amsterdam-based investment heavyweight Prosus also participated.

With this, Titan Capital has made at least 100X returns from their bets on Ola and MamaEarth, among others. In August 2023, Titan Capital took a partial exit from debt recovery and legal automation platform Credgenics with a 100-fold return on its investment. The fund also made a similar return from MamaEarth which launched an IPO last November.

Bahl and Rohit Bansal also scored bumper returns on their investment in Ola. They had invested in Ola in 2011 and exited fully in late 2021. The original investment was to the tune of $60,000 while Ola reached its peak valuation of $7.3 billion in 2021.

Titan Capital’s other notable exits include Bewakoof, Unicommerce, ANS Commerce and Netmeds.com. As per media reports, it is also setting up a new Winners Fund worth Rs 300 crore to back existing portfolio companies from Titan Capital.

Exit Kunal Bahl Rohit Bansal Urban Company
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