Textile R&D Startup Whizzo in Talks to Raise $26 Million Series B

12 Oct 2026, 9:02 pm · 3h ago · 1 min read · Inc42New

Amount

$26M

Stage

Series B

Lead

Aavishkaar Capital and Bertelsmann Investments

Bengaluru-based textile CDMO startup Whizzo is in discussions to secure around $26 million in a Series B funding round co-led by Aavishkaar Capital and Bertelsmann Investments. Existing backers Fundamentum and Lightspeed Ventures are also expected to participate. Founded in 2024 by Shrestha Kukreja, Whizzo provides textile design, research, formulation, and commercial manufacturing across India, Vietnam, China, and Bangladesh. The talks follow its $15 million Series A round raised six months earlier from Fundamentum, LB Investment Fund, and Lightspeed to strengthen in-house material science IP and advanced R&D labs.