Manufacturing startup Whizzo to raise $11 Mn at 3.5x valuation jump

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Whizzo, a materials science manufacturing company, has begun its Series A round by raising Rs 97.36 crore ($11 million), led by The Fundamentum Partnership with participation from existing investors Lightspeed India and BEENEXT.

This is the company’s second fundraise in 2025. It previously secured $4.2 million in its seed round from Lightspeed and BEENEXT in January.

The board at Whizzo passed a resolution to approve the issue of 60,317 Series A compulsory convertible preference shares (CCPS) at an issue price of Rs 16,140 each to raise the…



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Manufacturing startup Whizzo to raise $11 Mn at 3.5x valuation jump


Whizzo, a materials science manufacturing company, has begun its Series A round by raising Rs 97.36 crore ($11 million), led by The Fundamentum Partnership with participation from existing investors Lightspeed India and BEENEXT.

This is the company’s second fundraise in 2025. It previously secured $4.2 million in its seed round from Lightspeed and BEENEXT in January.

The board at Whizzo passed a resolution to approve the issue of 60,317 Series A compulsory convertible preference shares (CCPS) at an issue price of Rs 16,140 each to raise the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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