Manufacturing startup Whizzo raises $15M in Series A round

Whizzo, a Materials science-driven manufacturing startup, has raised $15 million in a Series A funding round led by Nandan Nilekani’s Fundamentum.

The round also saw participation from South Korea-based deeptech player LB Investment, and existing backers Lightspeed Venture Partners and BEENEXT.

The round marks LB Investment’s first direct investment in India and will help Whizzo strengthen its R&D capabilities, build in-house intellectual property and expand its supply-chain presence across Asia.

The startup will use the funds to grow its science and engineering teams, invest in core research and strengthen manufacturing partnerships as it scales its technical textiles platform worldwide.

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“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.

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About Whizzo 

Founded in 2024 by former Zetwerk executive Shrestha Kukreja, Bengaluru-based Whizzo works as a contract development and manufacturing company for technical textiles—high-performance materials used in areas like infrastructure, agriculture, protective clothing, and industrial products. Unlike traditional manufacturers, Whizzo brings research, design, prototyping, engineering, and large-scale manufacturing together on one platform, helping customers go from idea to production more quickly.

Whizzo works with over 120 SME and MSME manufacturers and exports to more than 15 countries. It plans to expand to 30+ countries in the next year while strengthening its supply chain across India, Vietnam, China, Bangladesh, and Indonesia. The company also plans to invest in core materials research and start filing patents as its in-house research grows.

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