Hero Electronix-Owned Tessolve Raises $75 Mn to Expand Semiconductor Capabilities

Tessolve Semiconductor, owned by Hero Electronix, raised $75 Mn (₹718 Cr) in a round led by Vector Line Capital with participation from TPG and Novo Tellus. The funds will support acquisitions and international expansion. The company is in advanced talks to close multiple deals in the coming quarters.

• The $75 Mn round was led by Vector Line Capital, with TPG and Novo Tellus participating
• Proceeds will fund acquisitions and strengthen international business
• The company is in advanced talks to close multiple deals in coming quarters
• Tessolve's cumulative funding now stands at $265 Mn