Fund News
Titan Capital logs final close of new fund at Rs.333-Cr; to invest in follow-on rounds of 20 cos
Early-stage investor Titan Capital has made the final close of its new opportunities fund at INR 333 crore. The new fund will invest exclusively in follow-on rounds of companies from Titan Capital’s seed portfolio, using high-signal data to make informed investment decisions.Through the fund, around 20 companies will be backed with an average cheque size of INR 15 crore.Titan Capital, which is led by e-commerce platform Snapdeal’s co-founders Kunal Bahl and Rohit Bansal, typically invests in startups at a seed or pre-seed stage.Titan Capital has already made three investments from the fund - including Bengaluru-based Convin, which is building an AI copilot for customer facing teams, eco-friendly direct-to-consumer home needs brand Beco, and software-as-a-service startup Simplismart. Another two to three deals are said to be in the final stages of closure.This is the first time Titan Capital has raised external capital. So far, the investments were made from Bahl and Bansal’s personal capital.
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