Bengaluru-based startup Walrus provides banking solutions for teens and young adults.

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. See more

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
true
Jun | Company Incorporation
Company Incorporation
2020
Oct | Product Launch
Walrus android launched to public in partnership with RBL Bank

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

Funding

Total Funding

$300.0k

Investors

:

1.

Raghunandan G

2.

Raveen Sastry

3.

Better Capital