Whizzo To Raise $26 Mn From Aavishkaar Capital, Bertelsmann

Bengaluru-based Whizzo is reportedly in discussions to raise approximately $26 million in its Series B funding round, potentially with Aavishkaar Capital and Bertelsmann Investments as co-leaders, according to Inc42. Existing investors such as Fundamentum and Lightspeed Ventures are expected to participate as well. The startup, founded in 2024 by Shrestha Kukreja, is a contract development and manufacturing organization (CDMO) offering textile design and research and development services to clients across India, Vietnam, China, and Bangladesh.

Whizzo integrates various processes including R&D, formulation, prototyping, process engineering, and commercial-scale manufacturing. The company focuses on sustainability and advanced materials science, providing proprietary textile blends for applications in geotextiles, agriculture textiles, protective and flame-retardant materials, specialty yarns, engineered apparel textiles, and industrial composites.

This potential funding round follows Whizzo's $15 million Series A round led by Fundamentum in 2024, with additional investments from Korean investor LB Investment Fund and Lightspeed. The startup initially raised its seed round in 2025, with Lightspeed Ventures leading that round. Whizzo aims to strengthen its R&D capabilities, establish a design lab for fashion-engineered textiles, and expand its supply chain.

The move comes as investors show increasing interest in tech-driven textile manufacturing and fabric innovation to enhance product development and manufacturing processes through proprietary materials and R&D capabilities.