Whizzo Raises $11 Million in Series A at 3.5x Valuation Surge
- Whizzo secures $11 Million in Series A round led by Fundamentum Partnership
- Valuation jumps 3.5x to nearly $50M post-money
- Funding to support expansion, capex, and new product development
Manufacturing startup Whizzo has kicked off its Series A fundraising with a fresh $11 million infusion, marking a major milestone for the one-year-old materials science company. The round is led by The Fundamentum Partnership, with continued support from existing investors Lightspeed India and BEENEXT.
This is Whizzo’s second raise in 2025. The company previously secured $4.2 million in its seed round in January from the same existing backers. According to its latest filing with the Registrar of Companies, Whizzo’s board approved issuing 60,317 Series A CCPS at Rs 16,140 each to close the new funding.
The Fundamentum Partnership is contributing Rs 70 crore to the round, while Lightspeed India is investing Rs 19 crore and BEENEXT Rs 8.3 crore. Whizzo plans to use the capital for capital expenditure, marketing, working capital, and general corporate requirements as it scales manufacturing capabilities.
A report analysis shows Whizzo’s valuation has climbed nearly 3.5x, reaching approximately Rs 435 crore ($49.4 million) post-money, compared to about Rs 125 crore during its seed round.
Founded in 2024 by former Zetwerk executive Shrestha Kukreja, Whizzo develops proprietary textile blends, including cellulosic and polymer-based fibers designed for faster production cycles and wider industrial use.
Also Read: Zerodha Invests $5 Million in Tijori to Boost AI-Led Market Intelligence
Shareholding data shows Lightspeed India will remain the largest external investor with a 19.5% stake after this round. Fundamentum will hold 16.11%, BEENEXT will own 8.48%, and founder Shrestha Kukreja will retain a strong majority with 48.22%. The company also maintains an ESOP pool of 7.52%.
Whizzo has not yet disclosed its financials for FY25, but the latest funding signals strong investor confidence in its early growth and technology roadmap.
