Whizzo Series B Funding Talks with Aavishkaar, Bertelsmann
Whizzo is in talks to raise around $26 Mn in a Series B funding round, which could be co-led by Aavishkaar Capital and Bertelsmann Investments. Existing backers Fundamentum, Lightspeed Ventures, among others, are also likely to participate.
The fresh round comes almost six months after the Bengaluru-based startup raised around $15 Mn in its Series A round led by Fundamentum, with participation from LB Investment Fund and Lightspeed.
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What Whizzo Does
Whizzo is a contract development and manufacturing organisation for technical textiles. It integrates R&D, formulation, prototyping, process engineering, and commercial-scale manufacturing under one roof.
The startup works with B2B manufacturers and produces materials for applications across geotextiles, agriculture textiles, protective and flame-retardant materials, specialty yarns, engineered apparel textiles, and industrial composites. It offers textile design and textile research and development services to clients across India, Vietnam, China, and Bangladesh.
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