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Indian technical textiles startup raises $4.2m seed funding
Whizzo, a Bengaluru-based startup specializing in engineered and technical textiles, has raised US$4.2 million in a seed funding round led by Lightspeed, with participation from Beenext.
The funding will be used to enhance research and development in materials science.
It will also help establish a design lab and strengthen supply chain infrastructure in India, Vietnam, China, Bangladesh, and Indonesia.
Founded in 2024 by Shrestha Kukreja, Whizzo creates customized textile blends using woven, non-woven, and composite technologies for various industries.
The company is currently working with over 25 clients and plans to expand its customer base to over 100 in South America, West Asia, Africa, Europe, and Japan.
Investors of Whizzo expressed confidence in the company’s potential to foster innovation and sustainability in India’s textile industry.
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