Technical textiles manufacturer Whizzo has raised $15 Mn (about INR 136.5 Cr) in its Series A funding round led by Fundamentum, with participation from LB Investment and existing backers Lightspeed and BEENEXT.
The startup plans to use the fresh funds for strengthening research and development of in-house IP for materials science innovation. A part of the funds will also be used for strengthening its supply-chain and R&D capabilities across India, Vietnam, China, Bangladesh, and Indonesia and hiring researchers specialising in non-woven technologies and composites.
Founded in 2024 by Shrestha Kukreja, Whizzo claims to be India’s first contract development and manufacturing organisation platform for technical textiles manufacturing. The startup claims to integrate R&D, formulation, prototyping, process engineering, and commercial-scale manufacturing under one roof.
Whizzo works with B2B manufacturers and produces a wide range of materials for applications across geotextiles, agriculture textiles, protective and flame-retardant materials, specialty yarns, engineered apparel textiles, and industrial composites. It claims to combine sustainability with advanced materials science, offering proprietary textile blends.
Whizzo has a 65-member team, with R&D being carried out at its materials science lab in Gurugram.
The Bengaluru-based startup, which featured in the February 2025 edition of Inc42’s flagship ‘30 Startups to Watch’, previously raised $4.2 Mn in its seed round to develop its advanced R&D capabilities, creation of a design lab for fashion-engineered textiles and the expansion of its supply chain.
Whizzo claimed that it has partnered with more than 120 SMEs and MSME manufacturers, and exports products to over 15 countries.
“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 Whizzo founder Kukreja.
The funding round comes at a time when manufacturing has emerged as a key focus area in India. Within this, technical textiles is an important sector as the apparel and textile industry is one of the oldest in the country. The Centre launched the National Technical Textiles Mission in 2020 to boost the sector.
At the heart of this is the Indian technical textiles market, which is expected to reach a size of over $28 Bn by 2030.
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