Hero Electronix-Owned Tessolve Secures $75 Mn To Expand Semiconductor Capabilities
Tessolve Semiconductor, owned by Hero Electronix, raised $75 million (₹718 crore) in a funding round led by Vector Line Capital, with TPG and Novo Tellus Capital Partners participating. The funds will facilitate acquisitions to enhance its capabilities and expand its international business, with discussions for multiple acquisitions expected in the coming quarters.