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Whizzo, a materials science company specializing in advanced fashion and technical textiles, has raised $4.2 million (around Rs 36 crore) in seed funding led by global venture capital firm Lightspeed.
The funding round also saw participation from Beenext, a venture fund focused on South Asia and India.
The company plans to use the fresh funds for R&D in material science, setting up a design lab for fashion textiles and improving its supply chain in India, Vietnam, China, Bangladesh and Indonesia.
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Shrestha Kukreja, founder of Whizzo, said, "Our vision is to establish Whizzo as an IP-driven leader in fashion-engineered and technical textiles. By creating proprietary blends and leveraging a cross-border Contract Development and Manufacturing Organisation (CDMO) model, we aim to address critical gaps and transform the textile industry through innovation, sustainability and global connectivity."
"Technical textiles and man-made fibres represent the future of the textile market. India is poised to become a global epicentre of innovation in this sector, driven by strong government support and visionary entrepreneurs. Shrestha is a standout leader, demonstrating the ambition and expertise needed to build an ‘India to the world’ story in this space," said Romit Mehta, VP-Investments, Lightspeed.
Saksham Pant, principal, Beenext, said, “India’s textile industry is one of its oldest, and hence demands innovation to meet modern challenges like sustainability and efficiency. Whizzo is leading this transformation through advanced technology and eco-conscious practices.”
About Whizzo
Bengaluru-based Whizzo was founded in 2024 by Kukreja, it specializes in advanced textiles, using woven, non-woven and composite technologies to create solutions for industries like medical, packaging, industrial and clothing textiles.
It creates textile blends using cellulosic and polymer-based fibers, tailored for different industries.
According to Kukreja, the startup is currently working with over 25 clients and plans to add more than 100 customers from regions like South America, West Asia, Africa and is now expanding into Europe and Japan.
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