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Walrus

Bengaluru-based startup Walrus provides banking solutions for teens and young adults.
Community,  Technology,  FinTech  
Products and Services
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Basic Information
Founded in 2019 by Bhagaban Behera, Sriharsha Setty, and Nakul Kelkar, Walrus is a digital-only banking platform for Gen-Z. The platform claims to provide them a secure and gamified banking solution that helps them to manage their money smartly and inculcate good financial habits. Parents can transfer money to their kids instantly via UPI, who can then spend the money hassle-free. Users do not need to open a bank account to use Walrus. They would be able to install the app, load money, and pay any merchant via UPI QR code or using the debit card for ecommerce purchases. In July 2020, Walrus raised an undisclosed amount from a pre-seed funding round led by Better Capital.
Legal Name
:
Walrus Labs Pvt Ltd
Headquarters
:
Bangalore, Karnataka, India
Business Model
:
B2C  
Founding Date
:
2019
No. of Employees
:
11 to 20
Core Team
:
1.  
Bhagaban Behera
Co-Founder & CEO
2.  
Sriharsha Setty
Co-Founder & CTO
3.  
Nakul Kelkar
Co-Founder & COO
Timeline

2019

Company Incorporation

Jun | Company Incorporation

Company Incorporation

2020

Product Launch

Oct | Product Launch

Walrus android launched to public in partnership with RBL Bank

Revenue Stream
Commission on transaction
Lending
Subscription
Fee-For-Service
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Target Market
B2C
Gen-z users
User Age
:
18 to 25,  Less than 18  
User Income
:
High Income,  Upper-middle Income,  Lower-middle Income  
Location
:
India  
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Funding

Total Funding

$300.0k

Investors
:
1.  
Raghunandan G
2.  
Raveen Sastry
3.  
Better Capital
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Neobanking startup Walrus aims to help the ‘Instagram generation’ learn financial management

[Funding alert] Neobank Walrus raises undisclosed amount from Better Capital

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