Whizzo, a contract development and manufacturing organization specializing in advanced textile materials, is in advanced talks to secure $26 million in its Series B funding round. The round may be co-led by Aavishkaar Capital and Bertelsmann Investments, following strong backing from existing investors.
- Whizzo targets $26M Series B co-led by Aavishkaar and Bertelsmann
- Previous $15M Series A boosted R&D and supply chain growth
- Focus on sustainable, engineered textile materials for multiple industries
What happened
Whizzo, a Bengaluru-based contract development and manufacturing organization (CDMO) focused on textile innovation, is reportedly in talks to raise approximately $26 million in its Series B funding round. The round is expected to be co-led by Aavishkaar Capital and Bertelsmann Investments. Existing investors such as Fundamentum and Lightspeed Ventures are also anticipated to participate.
This funding round follows a $15 million Series A raise about six months ago which was led by Fundamentum with participation from Lightspeed and a Korean investment fund. Whizzo’s previous financing rounds have supported the development of their R&D capabilities, design labs for fashion textiles, and supply chain expansion.
Why it matters
Whizzo operates at the intersection of materials science and textile manufacturing, providing services that integrate research, prototyping, process engineering, and commercial-scale production. The company develops a range of advanced and sustainable textile materials utilized across sectors including geotextiles, agriculture, protective apparel, specialty yarns, and industrial composites.
The planned capital raise reflects sustained investor confidence in technology-driven innovation within the textile industry, particularly in India and Asia. By expanding its proprietary formulations and scalable manufacturing, Whizzo aims to meet growing demand for specialized, environmentally conscious fabric solutions.
What to watch next
Market observers will be keen to see the formal confirmation of Whizzo’s Series B raise and the final investor lineup. The startup’s success in closing this round could enable accelerated R&D efforts and further expansion into key textile manufacturing hubs like Vietnam, China, and Bangladesh, where it currently serves clients.
Additionally, tracking Whizzo’s progress in developing proprietary sustainable textile blends and scaling their design and manufacturing infrastructure will provide insight into how Indian startups are advancing materials innovation in a traditionally commodity-driven sector.