Whizzo Raises $15 Million Led by Fundamentum to Expand Materials Science Manufacturing

Whizzo, a Bengaluru-based materials science startup founded in 2024 by former Zetwerk executive Shreshta Kukreja, has raised $15 million in a Series A round led by Nandan Nilekani's Fundamentum Partnership. The funding includes participation from South Korea's LB Investment, marking its first direct investment in India, along with existing backers Lightspeed Venture Partners and BEENEXT. Whizzo operates as India's first contract development and manufacturing organisation for technical textiles, integrating research, prototyping, and manufacturing. The capital will support materials science research, intellectual property development, and expansion across India and Southeast Asia. Fundamentum highlights Whizzo's research-driven approach and potential for better pricing power in a relatively underexplored deeptech sector.