Whizzo is in talks to raise $25 million from Bertelsmann India Investments at a reported valuation of $110-120 million, according to people cited by Moneycontrol. The negotiations are not a completed fundraise. Moneycontrol says Whizzo and Bertelsmann did not immediately respond to its queries. Founded by former Zetwerk textiles executive Shrestha Kukreja, Whizzo develops technical textiles through a contract development and manufacturing model covering materials research, formulation, prototyping, process engineering and production. Applications include geotextiles, protective and flame-retardant materials, specialty yarns and industrial composites. Its own R&D site describes polymer formulation and characterisation, fibre-property optimisation and performance validation at its Gurugram laboratory. That materials-development work fits DeepTechTracker's advanced-materials coverage. This does not independently establish a patented breakthrough or validate the company's speed and IP claims. Prior reporting describes a $15 million Series A led by Fundamentum, with LB Investment, Lightspeed and BEENEXT. Those are earlier backers, not confirmed investors in the proposed $25 million round.

DTT summary based on Moneycontrol's report. The full article is on the publisher's site.