Whizzo Secures $15 Million for Technical Textiles Manufacturing

Whizzo, a pioneering startup in materials science-based manufacturing, has successfully raised $15 million in a Series A funding round led by Fundamentum. This round also saw participation from Korea-based deep-tech investor LB Investment, alongside existing supporters Lightspeed Venture Partners and BEENEXT. Notably, LB Investment marks its inaugural direct investment in India through this initiative. Previously, Whizzo secured $4.2 million during its seed funding round from Lightspeed and BEENEXT in January last year. Startup Superb had exclusively disclosed in November 2025 that Whizzo was planning to raise a new funding round at an estimated valuation of $50 million.

The new funding will facilitate investments in materials science research, the development of proprietary intellectual property, and engagement in fundamental research. Whizzo aspires to enhance its research and development capabilities as well as strengthen its supply chain across India, Vietnam, China, Bangladesh, and Indonesia. The startup intends to expand its science and engineering team with experts in non-woven technologies and composites.

Whizzo’s Vision in the Technical Textiles Market

Established in 2024 by Zetwerk alum Shrestha Kukreja, Whizzo positions itself as India’s inaugural Contract Development and Manufacturing Organisation (CDMO) platform dedicated to technical textiles. The company integrates various functions, including materials research, formulation, prototyping, process engineering, and commercial-scale manufacturing, within a single framework.

Whizzo operates within the technical textiles segment, incorporating engineered materials that find applications in infrastructure, agriculture, protective wear, and various industrial uses. The current global technical textiles market is valued at over $250 billion and is projected to exceed $400 billion by 2030, fuelled by robust growth across diverse application segments.

Expanding Global Reach and Operations

The Bengaluru-headquartered startup collaborates with more than 120 SME and MSME manufacturing partners and exports its products to over 15 countries. In the coming 12 months, Whizzo aims to double its export presence to more than 30 countries while expanding its manufacturing network. Approximately 40% of the company’s revenue is derived from exports. Whizzo boasts a dedicated team of 65 members, with around 10% focusing on research areas such as polymer science, process engineering, and cutting-edge textile technologies.