Kunal Bahl and Rohit Bansal exit Urban Company with 200 times return
Kunal Bahl and Rohit Bansal, founders of ecommerce firm Snapdeal and investment fund Titan Capital, have exited at-home services platform Urban Company, bagging a nearly 200 times return on their nine-year-old seed cheque. They sold their stake to Vy Capital’s offshoot Dharana Capital which made a $50 million secondary transaction at the Gurugram-based firm.
Bahl and Bansal, who had invested Rs 57 lakh in 2015, made the full exit that closed earlier this month with aggregate proceeds of Rs 111 crore, according to people aware of the transaction.
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Bahl confirmed the exit from Urban Company to ET, without divulging details.
Some of the other investments where Titan Capital has made returns, including unrealised, of 100 times or more include Ola Cabs, OfBusiness and Credgenics. While the duo fully exited Ola Cabs, they made a part-exit from Credgenic and continue to hold shares in OfBusiness.
“Urban Company has built an enduring and growing business with a strong foundation. We have been fortunate to be part of
