Wallter Systems raises undisclosed amount in a seed round
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- Wallter Systems raises undisclosed amount in a seed round
Bengaluru-based space-saving furniture brand ‘Wallter Systems’ has secured an undisclosed amount in a seed funding round, with Inflection Point Ventures leading the investment. The infusion of funds will play a pivotal role in bolstering the brand’s recognition and expanding its operations.
Wallter Systems has achieved significant milestones by adding over 50,000 net usable square feet to homes at a cost that is only 1/10th of the typical expenses. This achievement underscores the company’s prowess in delivering cost-effective solutions to expand living spaces and optimise the use of limited home areas. Alongside its unique selling point of space-saving furniture, the company also distinguishes itself by offering an extended warranty of up to 10 years on its products.
We Founder Circle (WFC), a global community of successful founders and strategic angels, has made an investment in Indian startup UcliQ—a B2B marketplace for chicken and seafood. UcliQ gained recognition as a startup from EvolveX Accelerator’s Cohort 2.
In this angel investment round, EvolveX took the lead, and Vamsi Udayagiri, Founder of HESA, also participated. The total funds raised for UcliQ amounted to approximately Rs 70 lakh. This investment will fuel UcliQ’s expansion plans as it aims to increase its reach and impact.
Initially targeting around 1,200-1,400 HoReCa (Hotel/Restaurant/Café) businesses in Delhi-NCR, UcliQ has now set goals to reach 20,000-25,000 businesses across Delhi-NCR, Bengaluru, and Hyderabad within the next 12 months.
Their objective is to achieve an estimated revenue of Rs 15 crore during this period. Commenting on the investment, Bhawna Bhatnagar, Co-founder of EvolveX, stated, “Having closely evaluated UcliQ’s potential, we are confident by their unique approach to reshaping the B2B meat supply chain in India.”