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START-UP NEWS: SNAPDEAL CO-FOUNDERS LEAVE URBAN COMPANY
August 2024
|Exhibit
Snapdeal co-founders Kunal Bahl and Rohit Bansal, who also manage the investment firm Titan Capital, have exited from the Gurugram-based services platform Urban Company, achieving a remarkable return of more than 200 times on their initial investment.
They had invested Rs 57 lakh in the at-home services platform in 2015. Upon their exit, the total proceeds from this investment amounted to Rs 111 crore, as reported by Economic Times.
WHO ARE THE SNAPDEAL COFOUNDERS, KUNAL BAHL AND ROHIT BANSAL?
Kunal Bahl is an Indian entrepreneur who graduated from the Wharton School of the University of Pennsylvania. Before founding Snapdeal, Bahl worked with various firms, gaining experience in business development and strategy.
He is known for his vision and strategic thinking, which have been critical in shaping Snapdeal's trajectory. Under his leadership, Snapdeal grew rapidly and became one of India's leading online marketplaces, offering a wide range of products from electronics to clothing.
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