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Materials science-based manufacturing startup Whizzo has raised USD 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. This investment marks LB Investment’s first direct bet in India. Whizzo had earlier raised USD 4.2 million in a seed funding round in January last year from Lightspeed Venture Partners and BEENEXT.
According to the startup, the newly raised funds will be deployed towards advancing materials science research, building in-house intellectual property and entering deeper fundamental research.
Whizzo also plans to strengthen its R&D as well as supply-chain capabilities across India and other manufacturing hubs such as Vietnam, China, Bangladesh, and Indonesia. The startup intends to expand its science and engineering team by hiring researchers with expertise in non-woven technologies and composite materials.
Founded in 2024 by former Zetwerk executive Shrestha Kukreja, Whizzo positions itself as India’s first contract development and manufacturing organisation (CDMO) focused on technical textiles. The startup brings together materials research, formulation, prototyping, process engineering and commercial-scale manufacturing within a single platform.
Whizzo works primarily with B2B manufacturers across multiple use cases, including geotextiles, agricultural textiles, protective and flame-retardant materials, specialty yarns, engineered apparel textiles and industrial composites.
The Bengaluru-based startup currently partners with more than 120 small and medium-sized enterprises and MSME manufacturers and exports its products to over 15 countries. Over the next 12 months, it aims to expand its export presence to more than 30 countries while growing its manufacturing network. The startup operates in the technical textiles segment, which covers engineered materials used in infrastructure, agriculture, protective wear and industrial applications.
Around 40% of Whizzo’s revenue comes from exports. The company has a 65-member team, with about 10% dedicated to research across polymer science, process engineering, sustainability and advanced textile technologies. Its materials science lab in Gurgaon currently anchors its R&D efforts with patent filings expected as its research pipeline develops.
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