Whizzo, a startup that makes advanced materials, has raised $15 million in a Series A funding round. The round was led by Nandan Nilekani’s Fundamentum.
Other investors included LB Investment from South Korea, and existing backers Lightspeed Venture Partners and BEENEXT. This is LB Investment’s first direct investment in India.
Whizzo will use the money to improve its research and development, create its own technologies, and expand its supply chain across Asia. The startup also plans to grow its science and engineering teams, invest in core research, and strengthen manufacturing partnerships as it grows its technical textiles business worldwide.
“Whizzo is a CDMO platform built with materials science at its core, bringing research, formulation, prototyping, and manufacturing together within a single structure. This integrated approach helps shorten development cycles and improve execution in technical textiles. As a Korea-based deeptech investor, we see Whizzo’s growing materials science capabilities and IP focused mindset as important foundations for building differentiation over time. Whizzo reflects how technology-enabled manufacturing can evolve into a competitive global business,” said, Alex Lee, Head of Global Investment at LB Investment.
“With nearly 40% of our revenue already coming from exports, this funding will enable us to further accelerate our materials science initiatives and scale our manufacturing network to meet global demand. Today, we work with over 120 SME and MSME manufacturers and expect to expand this to 200+ by the end of the financial year. We are also doubling down on our exports, moving from 15 markets to 30+ in the next 12 months. Alongside strengthening our supply chain, we will invest in upstream IP, expand our science and engineering teams, and build for faster development cycles with predictable quality,” said Shrestha Kukreja, Founder of Whizzo.
Founded in 2024 by former Zetwerk executive Shrestha Kukreja, Whizzo is a Bengaluru-based company. It works as a contract development and manufacturing firm for technical textiles. These are high-performance materials used in areas such as infrastructure, agriculture, safety clothing and industrial products.
Unlike traditional manufacturers, Whizzo offers everything on one platform. It combines research, design, prototyping, engineering, and large-scale manufacturing, helping customers turn ideas into finished products faster.
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