Investor Profile: Titan Capital — The seed fund that backed 280 startups

Titan Capital is the early-stage investment platform of Snapdeal co-founders Kunal Bahl and Rohit Bansal. A self-described "founder-first, operator-led" firm, it has backed startups since 2011 — first with the duo's own capital — and says it has invested in nearly 280 companies. In 2024 it raised its first external vehicle, the Titan Capital Winners Fund, closing it at ₹333 crore to double down on breakout seed bets.

Thesis and focus areas

Titan Capital is unapologetically seed-first: its site says "we partner with entrepreneurs from day one," and its historic pitch has been that it doesn't need to see a working product or revenue — the founders' vision is what matters. Sectors span consumer internet, SaaS, fintech, D2C brands, enterprise applications and retail, with newer pushes into AI and marketplaces. In May 2025 it launched a dedicated defence-tech vertical, and it champions "Indicorns" — profitable startups with ₹100 crore+ revenue — over the unicorn obsession, citing portfolio names such as Razorpay, Unicommerce and OfBusiness.

Fund size and cheque size

Total corpus is not publicly disclosed — seed investing has historically run off Bahl and Bansal's own balance sheet. The SEBI-registered Category-II AIF Titan Capital Winners Fund raised ₹200 crore in August 2024 and closed at ₹333 crore via a greenshoe, anchored by Bahl and Bansal as its largest investors. It targets roughly 20 follow-on rounds at an average cheque size of ₹15 crore each. At seed, the firm historically writes cheques from around ₹50 lakh to a few crores, and says it was the first investor in roughly 90% of its deals.

Notable portfolio

The seed book includes Urban Company, Mamaearth, Ola, Razorpay, OfBusiness, Unicommerce, Credgenics, Shadowfax, Bira 91, Khatabook, Dealshare, Cart.com, AgroStar and DotPe. Exit highlights include Urban Company — a ~200x return on ₹57 lakh invested — plus Mamaearth, Ola and Credgenics. The Winners Fund's first deployments went to Convin, Beco and Simplismart.

Partners

Kunal Bahl and Rohit Bansal are the co-founders of Titan Capital — Bahl is Snapdeal's CEO and a Shark Tank India investor, Bansal its former COO. They personally anchor both the seed programme and the Winners Fund. The fund's professional team includes CFO Chetan Rana (ex-WestBridge Capital) and Vice President Shiv Kapoor (ex-Urban Company), backed by a 650+-strong founder and expert network.

Programs, credits and perks

The flagship vehicle is the Titan Capital Winners Fund — a follow-on-only pool for breakout seed portfolio companies at pre-Series A to Series B. The firm also rolled out a startup support programme offering seed funding, mentorship and access to a 500+-strong founder network, aimed at professionals and students rethinking careers amid US H-1B visa uncertainty. No standalone founder credits or perks programme is publicly advertised.

How founders can approach them

Titan Capital invites early founders directly — no revenue or working product needed to start the conversation; conviction in the team and the vision matters most. Defence-tech founders get a dedicated lane through the new vertical. If you're already in the seed portfolio and breaking out, the Winners Fund is committed follow-on capital designed to signal confidence to new investors.