India, Jan. 20 -- Technical textiles manufacturer Whizzo has raised $15 Mn (about INR 136.5 Cr) in its Series A funding round led by Fundamentum, with participation from LB Investment and existing backers Lightspeed and BEENEXT.

The startup plans to use the fresh funds for strengthening research and development of in-house IP for materials science innovation. A part of the funds will also be used for strengthening its supply-chain and R&D capabilities across India, Vietnam, China, Bangladesh, and Indonesia and hiring researchers specialising in non-woven technologies and composites.

Founded in 2024 by Shrestha Kukreja, Whizzo claims to be India's first contract development and manufacturing organisation platform for technical textiles m...