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Chip firm Tessolve secures $150 mn to expand business
Mint Hyderabad
|September 02, 2025
Bengaluru-based Tessolve, which offers semiconductor engineering services, has secured $150 million from investment firm TPG Inc.’s growth arm for acquisitions, expanding its test labs, and strengthening its global delivery centres, the companies said in a statement on Monday.
Tessolve, majorly owned by Hero Electronix, has attracted several institutional backers, including Singapore-based Novo Tellus Capital Partners, which invested $40 million in the company in 2021. The company’s revenue increased from $25 million in 2015-16 to over $150 million in FY25.
This story is from the September 02, 2025 edition of Mint Hyderabad.
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