Snapdeal founders, Kunal Bahl and Rohit Bansal, recently exited Urban Company with a 200x return on their decade-old seed investment of Rs 57 lakh in 2015, which is now valued at Rs 111 crore.
Urban Company will use all proceeds to support the next generation of founders, as stated by Titan Capital. The Snapdeal founders have made angel investments in over 200 startups through Titan Capital.
The company's recent investments include 91Trucks, Boba Bhai, and Simplismart, Ola Cabs, RazorPay, and Giva Jewelry. The company has invested across 20 sectors such as fintech, B2B services, and consumer tech.
On the other hand, Vy Capital's subsidiary, Dharana Capital, has acquired shares worth Rs 400 crore in Urban Company as part of a secondary investment.
The shares have been bought from the company’s employees and other shareholders.
Titan Capital:
The founders of Snapdeal made angel investments in 300 startups through Titan Capital. They raised Rs 200 crore from limited partners to further invest in big opportunities. They also sold shares worth around ₹ 78 crore through the IPO of Honasa Consumer, with a return multiple of over 100 times on the acquisition cost.
The duo plans to reinvest their gains into other startups. Titan Capital now has an executive team that searches for investments in early-stage startups.
Additionally, they are promoters of Unicommerce, an e-commerce enterprise software developer set to go public after securing regulatory approval.
Social Media Reaction:
Online users have shown mixed reactions upon seeing the news.
One user wrote, "Just build for another 4 years without worrying about investors. After 7 years investors expect an exit. Till then they will find the answer. Learn from Snapdeal."
Another user wrote, "Sidehustles are important Proof: Compare the success of Snapdeal vs Titan Capital. Imagine if someone told them to focus on only one thing and they listened. . . ."
A third user commented, "Exciting times ahead for new founders."
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