Bengaluru-based space-saving furniture brand Wallter Systems today said it has raised an undisclosed amount in a seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.
According to the startup, the raised funds will be utilized for brand building and scaling up the operations of Wallter Systems.
Founded by Bhanushree Natekar, Wallter System said it addresses the growing need for innovative solutions in the face of shrinking living spaces caused by urbanization and population growth.
Ivy Chin, Partner, Inflection Point Ventures, said, “Owning a beautiful space with optimum functionality and space utilization is every person's dream living in urban areas where homes are small in size. Having a well-designed home with multi-functional furniture eliminates the clutter and makes the house looks spacious and visually appealing. This is exactly what Wallter Systems offers, its innovative furniture solutions will enable homemakers to achieve their beautiful homes”.
Bhanushree Natekar, said, “We are driven by a deep passion to empower people, enabling them to create more space in their homes and experience genuine freedom. With unwavering dedication to excellence, we endeavor to establish a world-class product brand that redefines space-saving furniture and fundamentally transforms the way people live their lives. IPV has not just helped us raised funds but has been a guiding force that has impacted not just the company, but customers and employees positively.”
The startup claimed it has added over 50,000 net usable square feet to homes at a cost that is only 1/10th of the typical expenses.