Materials science–based manufacturing startup Whizzo has raised US $ 15 million in a Series A funding round led by Fundamentum, with participation from Korea-based deep-tech investor LB Investment and existing investors Lightspeed Venture Partners and BEENEXT.
The round marks LB Investment’s first direct investment in India. Whizzo had previously raised US $ 4.2 million in a seed funding round from Lightspeed and BEENEXT in January last year. In November 2025, reports said that the company was in the process of raising a new round at an approximate valuation of US $ 50 million.
The newly raised capital will be deployed towards advancing materials science research, developing in-house intellectual property, and expanding into fundamental research initiatives. The company also plans to strengthen its research and development and supply-chain capabilities across India, Vietnam, China, Bangladesh, and Indonesia. In parallel, Whizzo intends to expand its science and engineering team, with a focus on researchers specialising in non-woven technologies and advanced composites.
Founded in 2024 by Shrestha Kukreja, Whizzo positions itself as India’s first Contract Development and Manufacturing Organisation (CDMO) platform dedicated to technical textiles. The company integrates materials research, formulation, prototyping, process engineering, and commercial-scale manufacturing within a single platform.
Whizzo operates in the technical textiles segment, which comprises engineered materials used in infrastructure, agriculture, protective apparel, and a range of industrial applications. The global technical textiles market is currently valued at more than US $ 250 billion and is projected to exceed US $ 400 billion by 2030, supported by sustained growth across multiple end-use sectors.
Headquartered in Bengaluru, Whizzo currently works with more than 120 small and medium-sized manufacturing partners and exports products to over 15 countries. Over the next 12 months, the company plans to expand its manufacturing network and double its export footprint to more than 30 countries.
Exports account for approximately 40% of Whizzo’s revenue. The company employs a 65-member team, with around 10% dedicated to research functions spanning polymer science, process engineering, and advanced textile technologies.
