Whizzo in talks to raise $25 Mn
By Abha Lohia ·
Whizzo: funding and every story →
- Whizzo is a Bengaluru startup that develops and makes technical textiles, fabrics, yarns and sustainable fibres for other companies
- It is in talks to raise about $25 million from Bertelsmann India Investments at a valuation near $110-120 million
- The valuation would be more than double the roughly $50 million set in its Series A round in November 2025
What happened
- Whizzo is negotiating a $25 million round.
- Bertelsmann India Investments would be the investor.
- Talks value it near $110-120 million.
Why it matters
- The valuation would more than double in under a year.
- The deal is not yet confirmed by either side.
The business
- Whizzo is a CDMO (contract development and manufacturing organisation) for technical textiles.
- It combines research, prototyping and large-scale production.
- It was founded in October 2024.
The founders
- Former head of textiles at Zetwerk
Who put in money
- Bertelsmann India Investments Prospective investor
- Lightspeed Venture Partners Seed investor
- Fundamentum Series A lead
In numbers
$15MSeries A · 2025
$3MSeed · 2024
Earlier rounds
- Seed ~$3M (2024)
- Series A ~$15M (Nov 2025)
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
- Valuation: A startup's valuation is the price investors agree the whole company is worth. For young companies it is set by negotiation and comparison, not by a formula.
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