Bhavin Turakhia’s Titan raises $30 million from Automattic

Titan, the professional email startup founded by serial entrepreneur Bhavin Turakhia, has raised $30 million from Automattic, the parent company of WordPress.com, valuing it at $300 million, a senior company official said.

This is the first external funding round for the company. “We are not looking at raising any more capital immediately,” said Turakhia, founder and CEO, Titan NSE -0.97 %.