Hero Electronix’s semiconductor firm Tessolve raises $150 Mn from TPG

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Tessolve, part of Hero Electronix, has secured $150 million in funding from global investment firm TPG. The deal marks the largest fundraise by a semiconductor engineering services company in India. The investment comes through TPG Growth, the firm’s middle-market and growth equity platform.

The proceeds will be used to scale global delivery centers, expand advanced test labs, and pursue acquisitions. Tessolve aims to strengthen its role as a key partner to both global and Indian semiconductor ecosystems.

Earlier media reports suggested that TPG…



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Hero Electronix’s semiconductor firm Tessolve raises $150 Mn from TPG


Tessolve, part of Hero Electronix, has secured $150 million in funding from global investment firm TPG. The deal marks the largest fundraise by a semiconductor engineering services company in India. The investment comes through TPG Growth, the firm’s middle-market and growth equity platform.

The proceeds will be used to scale global delivery centers, expand advanced test labs, and pursue acquisitions. Tessolve aims to strengthen its role as a key partner to both global and Indian semiconductor ecosystems.

Earlier media reports suggested that TPG…



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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