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…