Tessolve secures $75M to scale semiconductor services
Hero Electronix-owned Tessolve Semiconductor has raised $75 million (₹718 crore) in a funding round led by Vector Line Capital, Inc42 reported. The capital will expand the company’s semiconductor testing, packaging, and design services.
Tessolve operates one of the country’s largest semiconductor assembly and test facilities, serving global chipmakers. The funding arrives as the government pushes incentives to attract semiconductor manufacturing, while established players elsewhere face geopolitical and supply-chain pressures.
The round follows recent semiconductor deals covered by StartupReader, including Axelera AI’s AI-chip contracts and Makr Microsystems’ metrology funding. Unlike those startups, Tessolve is a mature services provider, positioning the raise as a bet on the country’s ability to scale existing infrastructure rather than pioneer new technology.
Investors will watch whether the capital translates into expanded capacity or new clients, particularly as global chipmakers diversify their supply chains.
Sources: inc42.com
“The raise signals growing investor confidence in India’s role as a semiconductor services hub amid global supply-chain shifts.”
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