Manufacturing startup Whizzo raises $15 Mn in a Series A led by Fundamentum

Materials science–based manufacturing startup Whizzo has raised $15 million in a Series A funding round led by Fundamentum, with participation from Korea-based deep-tech investor LB Investment and existing backers Lightspeed Venture Partners and BEENEXT.

This marks LB Investment’s first direct investment in India, while Whizzo had previously secured $4.2 million in its seed round from Lightspeed and BEENEXT in January last year.

Entrackr had exclusively reported in November 2025 that Whizzo was in process to raise a new funding round at around $50 million valuation.

The fresh capital will be used to invest in materials science research, develop in-house intellectual property, and enter fundamental research. Whizzo also plans to strengthen its R&D and supply-chain capabilities across India, Vietnam, China, Bangladesh, and Indonesia, while expanding its science and engineering team with researchers specialising in non-woven technologies and composites.

Founded in 2024 by Zetwerk alum Shrestha Kukreja, Whizzo positions itself as India’s first Contract Development and Manufacturing Organisation (CDMO) platform for technical textiles. The company integrates materials research, formulation, prototyping, process engineering, and commercial-scale manufacturing under one roof.

Whizzo operates in the technical textiles segment, which includes engineered materials used across infrastructure, agriculture, protective wear, and industrial applications. The global technical textiles market is currently valued at over $250 billion and is expected to cross $400 billion by 2030, driven by strong growth across application segments.

The Bengaluru-headquartered startup currently works with more than 120 SME and MSME manufacturing partners and exports to over 15 countries. Over the next 12 months, Whizzo plans to double its export footprint to more than 30 countries and expand its manufacturing network.

Around 40% of the company’s revenue comes from exports. Whizzo is backed by a 65-member team, with about 10% focused on research, including polymer science, process engineering, and advanced textile technologies.