Bangalore-Based Wallter Systems Raises Undisclosed Amount in Seed Round Led by Inflection Point Ventures
- ByStartupStory | August 4, 2023
Wallter Systems, a pioneering space-saving furniture brand based in Bangalore, has successfully secured an undisclosed amount in a seed funding round led by Inflection Point Ventures (IPV). The company, known for its innovative approach to addressing the challenges of shrinking living spaces due to urbanization and population growth, plans to utilize the funds to further strengthen its brand presence and expand its operational capabilities.
Wallter Systems has quickly gained recognition as a standout player in the furniture industry, offering multifunctional and stylish solutions tailored to the modern lifestyle. With urban dwellers seeking practical yet aesthetically pleasing options, the brand has successfully carved a niche by providing versatile and durable furniture that seamlessly combines functionality and design.
Engineer by profession and visionary founder, Bhanushree Natekar, has been the driving force behind Wallter Systems. With a profound understanding of the limitations posed by limited living spaces, Natekar’s experience at Shapoorji played a pivotal role in shaping her innovative mindset. Her passion for creating functional and stylish furniture has led to the establishment of Wallter Systems.
Ivy Chin, Partner at Inflection Point Ventures, expressed her enthusiasm about the collaboration, stating, “In urban living, where space is a precious commodity, the dream of having a beautifully designed and efficiently utilized home is paramount. Wallter Systems aligns perfectly with this aspiration, offering innovative furniture solutions that not only optimize space but also enhance the overall aesthetics. Their approach resonates with modern homemakers.”
Natekar shared her vision for the company, stating, “We are dedicated to empowering individuals to maximize their living spaces, enabling a sense of freedom and comfort. Our commitment to excellence drives us to redefine space-saving furniture and revolutionize the way people experience their living environments. The support from IPV has been instrumental in our journey, impacting not only our company’s growth but also positively influencing our customers and team.”
Wallter Systems has proven its expertise by adding more than 50,000 net usable square feet to homes, achieving this feat at a fraction of the usual cost. Furthermore, the brand offers an impressive warranty period of up to 10 years on its products, demonstrating its commitment to quality and customer satisfaction.
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