Whizzo, a materials science–based manufacturing startup, has raised USD 15 million in a Series A funding round led by Fundamentum, with participation from South Korea–based deep-technology investor LB Investment and existing backers Lightspeed Venture Partners and Beenext. The funding supports the company’s plans to scale research, intellectual property development, and global manufacturing operations.
The round marks LB Investment’s first direct investment in India. Whizzo had earlier raised USD 4.2 million in a seed funding round from Lightspeed Venture Partners and Beenext in January 2025.
The fresh capital will be deployed towards materials science research, in-house intellectual property creation, and entry into fundamental research. Whizzo also plans to expand its research and development and supply-chain capabilities across India, Vietnam, China, Bangladesh, and Indonesia, while growing its science and engineering workforce with specialists in non-woven technologies and composites.
Founded in 2024 by Shrestha Kukreja, Whizzo positions itself as India’s first contract development and manufacturing organisation (CDMO) platform focused on technical textiles. The company integrates materials research, formulation, prototyping, process engineering, and commercial-scale manufacturing within a single operating model.
Whizzo operates in the technical textiles segment, which covers engineered materials used in infrastructure, agriculture, protective equipment, and industrial applications. The global technical textiles market is currently valued at more than USD 250 billion and is projected to exceed USD 400 billion by 2030, driven by growth across multiple end-use sectors.
Headquartered in Bengaluru, the startup currently works with more than 120 small and medium-sized manufacturing partners and exports to over 15 countries. Over the next 12 months, Whizzo plans to expand its export presence to more than 30 countries and further broaden its manufacturing network.
Exports account for around 40 percent of Whizzo’s revenue. The company employs a team of about 65 people, with approximately 10 percent focused on research activities spanning polymer science, process engineering, and advanced textile technologies.
