Nandan Nilekani’s Fundamentum leads $15 million bet on materials science startup Whizzo

Materials science-driven manufacturing startup Whizzo has raised $15 million in a round led by Nandan Nilekani’s Fundamentum, with participation from South Korea-based deeptech player LB Investment, and existing backers Lightspeed Venture Partners and BEENEXT.

This is LB Investment’s first direct deployment in India and comes as Whizzo looks to scale its research capabilities, build in-house intellectual property, and expand its global manufacturing and export footprint.