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Bengaluru-based startup Walrus provides banking solutions for teens and young adults.
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
:
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
2019
Jun | Company Incorporation
Company Incorporation
2020
Oct | Product Launch
Walrus android launched to public in partnership with RBL Bank
B2C
Gen-z users
User Age
:
18 to 25,
Less than 18
User Income
:
High Income,
Upper-middle Income,
Lower-middle Income
Location
:
Total Funding
$300.0k
Investors
:
1.
Raghunandan G
2.
Raveen Sastry
3.
Better Capital
Frequently Asked Questions
