• Tessolve secures $150M from TPG for global expansion.
• Blue Tokai, LeafyBus, Zanskar, House of Zelena raise funds to scale operations and products.
• Startups across sectors see strong investor interest in 2025.

The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, and Chemical Manufacturing & Digital Entertainment. It marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, and others.

Funding News: Tessolve Raises $150 Million from TPG to Boost Global Growth

Startup: Tessolve

Founders: Srikant Velamakanni, Srini Chinamilli (Co-founders; now part of Hero Electronix Group)

About Us: Tessolve is a leading semiconductor engineering services company providing chip design, test, and product engineering solutions. The company partners with 18 of the world’s top 20 semiconductor firms and employs over 3,000 engineers worldwide. Acquired by Hero Electronix in 2016, Tessolve plays a key role in building India’s deep-tech and semiconductor ecosystem.

Founded Year: 2004

Office: Headquartered in India, with global offices in the US, UK, Germany, Singapore, and Malaysia

Sector: Semiconductor / Deep-Tech Engineering Services

Funding Round: Growth Funding

Investors: TPG Growth (global alternative asset manager); previous investors include Novo Tellus Capital Partners

Also Read- CityMall Raises $47M to Power E-commerce Growth in Bharat

Tessolve has secured $150 million in growth capital from TPG to strengthen its global delivery centers, expand advanced test labs, and fund strategic acquisitions. This marks the largest funding round for an Indian semiconductor engineering services company, following the $63 million previously raised across seven rounds, including a $40 million Series-F led by Novo Tellus in 2021.

The funding will help Tessolve scale globally, expand its capabilities, and reinforce its position in the semiconductor value chain. With semiconductors becoming increasingly strategic for industries such as AI, automotive, and data centers, Tessolve aims to play a pivotal role in India’s semiconductor ambitions and global supply chains.

Website: https://www.tessolve.com