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Snapdeal founders set up venture fund

Sep 3, 2019 by The Passage Team
Snapdeal founders set up venture fund

Snapdeal's founders Kunal Bahl and Rohit Bansal have set up an investment vehicle called Titan Capital through which they will be making their future investments in startups, a source familiar with the development told Moneycontrol.

"It is like a branding given in the form of this investment vehicle. So far Kunal and Rohit had been investing in their individual capacity. Now the cap-table of the portfolio companies will have the name of Titan Capital instead of the two of them," said the source.

The fund is being managed by Bipin Shah, who used to be a board observer for Honasa Consumer.

Titan Capital claims to have invested across 70 startups. While the amount invested by the two founders across startups so far is yet to be ascertained, according to the website, their portfolio companies have raised over USD 4 billion from 100 institutional investors in follow-on rounds.

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