Whizzo Secures $4.2 Million Seed Funding for Innovative Materials Science
Whizzo, a pioneering company in materials science manufacturing, has successfully raised $4.2 million in its seed funding round, spearheaded by Lightspeed and with contributions from BEENEXT.
The funding will be allocated towards:
- Enhancing research and development in materials science
- Establishing a design laboratory focused on fashion-engineered textiles
- Strengthening supply chain infrastructure across key regions including India, Vietnam, China, Bangladesh, and Indonesia
Founded in 2024 by former Zetwerk executive Shrestha Kukreja, Whizzo develops proprietary textile blends, such as cellulosic and polymer-based fibres, specifically designed to meet the diverse needs of various industries, greatly improving time-to-market.
Innovation Through Proprietary Blends
Shrestha Kukreja remarked that the goal is to create proprietary blends and utilise a cross-border Contract Development and Manufacturing Organization (CDMO) model to fill critical industry gaps and revolutionise the textile sector through:
- Innovation
- Sustainability
- Global connectivity
In related news, Sanlayan Technologies, a startup started by former Zetwerk employees, has taken a majority stake in Dexcel Electronics.