# Walrus Labs Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/walrus-labs-pvt

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.clubwalrus.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Mar 7, 2020)
- Investors on record: 2

## About

Walrus Labs Pvt Ltd operates as a platform that enhances community engagement and family bonding through tailored recreational experiences, focusing on providing meaningful interactions for children and their families.Founded in 2019 and headquartered in Bangalore, India, Walrus Labs Pvt Ltd specializes in creating recreational products and community-focused services. The company was founded by Sriharsha Setty, who has a background in entrepreneurship. In March 2020, Walrus Labs raised INR 20.35 million in Seed funding from lead investor Better Capital, alongside participation from Vistra ITCL. This funding round marked the company's sole deal to date, raising a total of INR 20.35 million and achieving a current valuation of INR 161.589 million.Walrus Labs specializes in family-oriented recreational experiences through its membership-based platform, Club Walrus. Launched in 2022, this platform offers exclusive access to events, workshops, and activities designed to foster social interactions and educational growth for children and families. The company serves a varied customer base that includes families and community organizations, primarily targeting urban and suburban markets across North America and Europe, promoting wellness through play.In the most recent fiscal year 2023, Walrus Labs reported a revenue of INR -30,240.1 and an EBITDA of INR -136,635.1. The company generates income through an annual subscription model, allowing families to access a range of workshops, classes, and events tailored for enhancing family bonding, while also maintaining partnerships with educational institutions to diversify revenue streams.Walrus Labs is focused on expanding its offerings and geographic reach. Following their recent Seed funding of INR 20.35 million in March 2020, the company aims to design new products that will be launched in the upcoming year, alongside plans for entering additional markets in Europe and Asia by 2025. The funding will be utilized to support product development and enhance marketing efforts, thereby facilitating their expansion into these targeted regions.

## Funding rounds

- Seed, Mar 7, 2020, $0.3M — Better Capital, Vistra ITCL

## Investors

- Better Capital — Seed
- Vistra ITCL — Seed