Whizzo, a materials science startup based in Bengaluru, has raised $15 million in Series A funding led by Fundamentum, Nandan Nilekani’s deep-tech venture fund. LB Investment from South Korea also joined, making its first direct investment in India. Lightspeed Venture Partners and BEENEXT continued their support. With this funding, Whizzo plans to boost research, develop more intellectual property, and grow its global operations.
Whizzo brings together research, product development, prototyping, and large-scale manufacturing on one platform. This approach helps clients in industries like industrial, protective, agricultural, and specialty textiles get faster results.
Founders and Leadership
Shrestha Kukreja, Whizzo’s founder and CEO, started the company in 2024 after working as an executive at Zetwerk. Kukreja focuses on a science-first approach, building the business around high-performance materials that meet industrial needs, provide useful features, and follow global standards.
The leadership team includes 65 professionals, such as materials scientists, process engineers, and operations experts. About 10 percent of the staff works in R&D, showing a strong focus on developing new technology and intellectual property. Kukreja also manages Whizzo’s R&D lab in Gurugram, which is the main center for creating advanced polymer and fiber solutions.
Funding Round Details
The Series A round led by Fundamentum signals strong confidence in Whizzo’s business model. Ashish Kumar, co-founder and general partner at Fundamentum, highlighted that the startup’s integrated research and manufacturing approach represents a long-term competitive advantage.
LB Investment’s involvement is notable as it is their first investment in an Indian startup. Their interest shows that Whizzo’s technology has global appeal and can reach markets outside India. Lightspeed Venture Partners and BEENEXT, who led the $4.2 million seed round in January 2025, also continued their support. That seed round helped Whizzo set up key R&D facilities, start manufacturing partnerships, and build a supply chain across Asia.
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Products, Clients, and Market Reach
Whizzo works with over 120 SME Whizzo partners with over 120 SME and MSME manufacturers and serves more than 130 clients in India and abroad. Its products include geotextiles, industrial composites, specialty yarns, protective fabrics, agricultural textiles, and engineered apparel materials, all made to meet strict performance standards.revenue comes from exports, with a presence in 15 countries. With Series A funding, Whizzo plans to expand to over 30 countries and increase its manufacturing partner network from 120 to 200 by the end of the year. These moves position the company strongly in the $250 billion global technical textiles market, projected to exceed $400 billion by 2030.
Growth, Exports, and Future Plans
Whizzo plans to use the new funding to grow its R&D operations, file patents for its own technologies, and improve its supply chain in Vietnam, China, Bangladesh, and Indonesia. The company is also hiring more science and engineering experts, especially in non-woven fabrics and composites, to build its technical skills.
Kukreja wants Whizzo to be a trusted partner for B2B clients around the world by shortening product development times and providing complete solutions that blend innovation, quality, and speed.
Investor Perspectives
Fundamentum sees Whizzo as a deep-tech leader with strong long-term growth potential, highlighting its focus on intellectual property and scalable manufacturing. LB Investment pointed out that Whizzo’s integrated model sets it apart in a field where R&D and production are often separate, giving the company an advantage in speed and innovation.
Market Context
The technical textiles sector is experiencing rapid growth, driven by The technical textiles industry is growing quickly, thanks to demand from industrial, agricultural, and protective uses. Startups like Whizzo, which combine advanced material research with strong operations, are well placed to meet this demand. Whizzo’s export growth and global investor support also show rising confidence in India’s high-tech manufacturing sector. global investor backing, Whizzo is set to scale its research and manufacturing operations, expand its international footprint, and reinforce India’s position in the deep-tech textiles space.
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