Walrus - About the company
Walrus is a seed company based in Oakland (United States), founded in 2019 by Bhagaban Behera, Sriharsha Setty and Nakul Kelkar. It operates as a Banking platform, UPI payments, and debit card for teenagers. Walrus has raised $395K in funding from investors like Y Combinator, Wellfound and Better Capital, with a current valuation of $*****. The company has 9 active competitors, including 8 that are funded. Its top competitors include companies like Greenlight, Junio and YPay Card.
Company Details
Banking platform, UPI payments, and debit card for teenagers. It provides a mobile and debit card-based solution that features pocket money management, quick UPI payments, debit cards for online purchases, transaction & spend analysis, offers & discounts, money transfer, and more. Teens can use their Walrus Card to spend, track expenses, and earn rewards. Its app is available for Android devices.
- Website
- walrus.club
- Social
- Email ID
- *****@walrus.club
- Registered Address
- NO: 49, 12TH MAIN HSR SECTOR 6, Bangalore, BENGALURU, Karnataka, India, 560102
Key Metrics
Founded Year
2019
Location
Oakland, United States
Stage
Seed
Total Funding
$395K in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 02, 2020
Investors
Ranked
3rd among 9 active competitors
Annual Revenue
undefined as on Mar 31, 2025
Employee Count
27 as on Jul 01, 2024
Similar Companies
Legal entities associated with Walrus
Walrus is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
WALRUS LABS PRIVATE LIMITED CIN: U72900KA2019PTC125454 , India, Active | Jun 20, 2019 | $0 (As on Mar 31, 2025) | - |
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Walrus's funding and investors
Walrus has raised a total funding of $395K over 3 rounds. Its first funding round was on Mar 07, 2020. Its latest funding round was a Seed round on Sep 02, 2021 for $*****. 1 investor participated in its latest round. Walrus has 12 institutional investors and 26 angel investors.
Here is the list of recent funding rounds of Walrus:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 02, 2021 | 8865225 | Seed | 1631060 | 7277404 | 2462938 | 3706520 |
Nov 02, 2020 | 1095421 | Angel | 3099898 | 2498723 | 4354153 | 2550417 |
Mar 07, 2020 | 9584148 | Seed | 9611614 | 1509630 |
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Walrus' founders and board of directors
Founder? Claim ProfileHere are the details of Walrus' key team members:
- Bhagaban Behera: Co-Founder & CEO of Walrus and founder of 6 other companies, including RenderNet AI, Monk AI and Defy. They serve on the board of 1 company.Contact Info: 1 email address
- Sriharsha Setty: Co-Founder & CTO of Walrus and founder of 4 other companies, including RenderNet AI, Defy and Walrus Labs. They serve on the board of 1 company.
- Nakul Kelkar: Co-Founder & COO of Walrus and founder of 3 other companies, RenderNet AI, Defy and Walrus Labs. Contact Info: 2 email addresses
Walrus' Board of Directors
Walrus's board has 2 active members. Bhagaban Behera and Sriharsha Setty are part of team.Here is the list of Walrus' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 7m | |
Team | - | Current | 6y 7m |
View details of Walrus's Founder profiles and Board Members
Walrus' employee count trend
Walrus has 27 employees as of Jul 24. Here is Walrus's employee count trend over the years:
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Walrus's Competitors and alternates
Top competitors of Walrus include Greenlight, Junio and YPay Card. Here is the list of Top 10 competitors of Walrus, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Greenlight 2014, Atlanta (United States), Series D | App-based investment platform for kids and teens | $556M | 67/100 | |
2nd | Provider of pocket money and payment application for students | $8.17M | 55/100 | ||
3rd |  Walrus 2019, Oakland (United States), Seed | Banking platform, UPI payments, and debit card for teenagers | $395K | 41/100 | |
4th | Payment cards for teens | $667K | 41/100 | ||
5th | Charity cashback platform | $181K | 38/100 | ||
6th | Prepaid card and digital wallet for teenagers and students | $1.56M | 34/100 | ||
7th | Payment card and money management app for teens | $500K | 31/100 | ||
8th | App-based platform for prepaid cards | $330K | 29/100 | ||
9th | Platform offering a multi-purpose student card | - | - | 26/100 | |
10th | Online money management platform for teens | - | 22/100 |
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Walrus's Latest cap tables and shareholding
Founders (largest shareholder) own 85.42%, Funds own 7.97% and Angels own 6.62%. The net worth of Walrus's founders is INR 11.9Cr as of Nov 02, 2020.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 85.42% | 11.9Cr | 5149932 | 3122943 | 4717006 | 5300457 |
3521111 | 9131809 | 9236083 | 5485884 | 8498803 | 9602120 | |
4812108 | 2508099 | 6580335 | 7631649 | 1636812 | 1848369 | |
8150700 | 5206223 | 4543017 | 5370557 | 4447869 | 1948116 | |
Fund | 7.97% | 1.11Cr | 9731869 | 4789320 | 6770155 | 1185762 |
Angel | 6.62% | 92.3L | 535944 | 645939 | 757089 | 439446 |
0 | 0 | 0 | 0 | 0 | 0 | |
Total | 100.00% | 13.9Cr | 5739661 | 3695646 | 5709057 | 1746905 |
To unlock detailed Cap Table of Walrus Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Walrus's Shareholding
Walrus's Investments and acquisitions
Walrus has made no investments or acquisitions yet.
Reports related to Walrus
Here is the latest report on Walrus's sector:
News related to Walrus
•
Gemba Capital launches $10M micro VC Fund to invest in 24 companies in the next 2 yearsYourStory•Sep 15, 2021•Gemba Capital, ClearDekho, Zupe Technology, ClickPost and 8 others
•
Bengaluru Startup Walrus launches India's 1st Personalized Debit Card for TeensIndianWeb2•Oct 22, 2020•Walrus
•
Better Capital leads pre-seed funding round in neo-bank WalrusVCCircle•Jul 15, 2020•Walrus, Better Capital, Walrus Labs
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