Whizzo, a material science manufacturing company specializing in technical textiles and engineered fashion, has secured $4.2 million in seed funding led by Lightspeed, with additional participation from BEENEXT. The funds will be utilized to advance R&D in material science, set up a design lab focused on fashion-engineered textiles, and enhance supply chain operations in India, Vietnam, China, Bangladesh, and Indonesia.
“Our vision is to establish Whizzo as an IP-driven leader in fashion-engineered and technical textiles. By creating proprietary blends and leveraging a cross-border Contract Development and Manufacturing Organisation (CDMO) model, we aim to address critical gaps and transform the textile industry through innovation, sustainability, and global connectivity,” noted Shrestha Kukreja, Founder of Whizzo.
Founded in 2024, Whizzo creates proprietary textile blends, including cellulosic and polymer-based fibres, that offer solutions across industries like medtech, pack tech, Edutech, and clothes.
“Technical textiles and man-made fibres represent the future of the textile market. India is poised to become a global epicentre of innovation in this sector, driven by strong government support and visionary entrepreneurs. Shrestha is a standout leader, demonstrating the ambition and expertise needed to build an ‘India to the world’ story in this space,” noted Romit Mehta, VP-Investments, Lightspeed.
Just a month ago, Mumbai-based solar solutions startup SolarSquare, backed by Lightspeed, raised $40 million in a Series B funding round led by the VC firm, with additional support from Lightrock.
This investment demonstrates Lightspeed’s consistent focus on backing innovative startups across emerging sectors, reinforcing its role as a key player in driving entrepreneurial growth and technological advancements.
