Tessolve Raises $150M to Expand India Semiconductor Presence

Indian startups across multiple sectors raised significant funding this week, highlighting strong investor interest in the region's tech ecosystem. Tessolve, a Bengaluru-based semiconductor R&D services provider, secured $150 million from TPG Growth to expand its global footprint and enhance its position in the Indian semiconductor sector. CityMall, a community commerce platform connecting small towns with urban retail, raised $47 million to strengthen its supply chain and grow private labels, while Bengaluru-based Seekho secured $28 million to expand its vernacular learning content and enter the U.S. market. Additional funding rounds include Mumbai-based Transbnk raising $25 million, fintech startup Kiwi securing $24 million, and affordable housing finance company Altum Credo Home Finance raising $19.5 million. The overall funding activity demonstrates a vibrant startup ecosystem in India, with investments spanning semiconductors, commerce, education, fintech, and housing finance sectors.