India-based technical textiles startup Whizzo has closed a $15 million Series A funding round to scale its research capabilities and strengthen its international manufacturing and supply network. The investment comes as demand for advanced materials and technical textiles continues to rise across industrial and infrastructure applications.
Technical textiles manufacturer Whizzo has raised $15 million (approximately INR 136.5 crore) in a Series A funding round led by Fundamentum, with participation from LB Investment and existing investors Lightspeed and BEENEXT.
The company plans to channel the fresh capital into expanding its in-house research and development, particularly in building proprietary intellectual property in materials science. Part of the funding will also be allocated to strengthening supply-chain and R&D operations across India, Vietnam, China, Bangladesh and Indonesia, alongside hiring researchers with expertise in nonwoven technologies and composites.
Founded in 2024 by Shrestha Kukreja, Whizzo positions itself as a contract development and manufacturing organisation platform focused on technical textiles. The company integrates research, formulation, prototyping, process engineering and commercial-scale manufacturing within a single operational framework.
Whizzo works with business-to-business manufacturers and develops materials for applications including geotextiles, agro-textiles, protective and flame-retardant fabrics, specialty yarns, engineered apparel textiles and industrial composites. The company states that its product development approach combines sustainability with advanced materials science through proprietary textile blends.
The startup currently employs around 65 professionals, with core R&D activities based at its materials science laboratory in Gurugram. The Bengaluru-headquartered company was featured in Inc42’s ‘30 Startups to Watch’ list in February 2025. Earlier, it raised $4.2 million in a seed round to enhance its R&D infrastructure, establish a design lab for fashion-engineered textiles and expand its supply network.
According to the company, Whizzo has partnered with more than 120 SME and MSME manufacturers and exports products to over 15 countries. The firm now plans to extend its export footprint from 15 markets to more than 30 within the next year, while continuing to invest in upstream intellectual property, engineering teams and faster development cycles.
The funding comes amid growing policy and industry focus on manufacturing in India, with technical textiles identified as a priority sector. The launch of the National Technical Textiles Mission in 2020 has aimed to accelerate growth in this segment. Industry estimates suggest that India’s technical textiles market could exceed $28 billion by 2030.