TPG invests $150 million in homegrown semicon services firm Tessolve
NEW DELHI: Hero Electronix’s Tessolve, which provides semiconductor engineering services, on Monday said it has raised $150 million (₹1,323.9 crore).
Tessolve said it would utilise the capital to strengthen its global delivery centers, expand advanced testlabs, and accelerate strategic acquisitions.
TPG invested through TPG Growth, the firm’s middle market and growth equity platform.
Hero Electronix is backed by Suman Kant Munjal of the Hero Group.
