Technical textiles player Whizzo in talks to raise $26-M led by Aavishkaar Capital, Bertelsmann

Bengaluru-based materials science and manufacturing startup Whizzo is in talks to raise approximately USD 26-M in a Series B funding round. The transaction is expected to be co-led by Aavishkaar Capital and Bertelsmann Investments. Existing backers, including Fundamentum and Lightspeed Ventures, are also expected to participate in the round.Founded in 2024 by Shrestha Kukreja, Whizzo operates as a contract development and manufacturing organisation (CDMO) that provides textile design, research, and development services. It serves B2B (business-to-business) manufacturers across India, Vietnam, China, and Bangladesh, producing materials for applications such as geotextiles, agriculture textiles, and industrial composites.The firm intends to use the capital to strengthen its research and development of in-house intellectual property for materials science innovation.