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Semiconductor firm Tessolve raises $150 mn from TPG Growth for acquisitions, expansions

Mumbai: 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 centers, 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 revenu...

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