Semiconductor Push: Tessolve’s $150M Round Drives $341M Weekly Startup Funding

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Indian Startups Raise $341 Million in First Week of September; Tessolve Leads with $150 Million



Bengaluru, Sept 7, 2025 – Indian startups raised more than $341 million across over 20 deals in the week of September 1–6, 2025, according to industry trackers. The week was dominated by semiconductor engineering services company Tessolve, which secured $150 million in the largest deal of the period.

Tessolve Tops the Charts

Bengaluru-based Tessolve raised $150 million from TPG Growth, marking one of the biggest investments in India’s semiconductor ecosystem to date.

The company, which employs over 3,000 engineers across India, the U.S., Europe, and Asia, plans to use the funding to expand global delivery centers, establish advanced test labs, and pursue strategic acquisitions.

Industry experts say the investment highlights growing confidence in India’s role in the global semiconductor value chain, especially as governments and corporates worldwide seek to diversify chip supply.

Other Major Deals of the Week

While Tessolve’s mega-round led the funding activity, several other startups attracted significant capital:

  • CityMall: Raised $47 million in a round led by Accel to strengthen its community-based e-commerce operations in Tier II and III cities.

  • Seekho: Secured $28 million for its short-form learning platform.

  • Blue Tokai Coffee Roasters: Collected $25 million to expand its specialty coffee retail and distribution.

  • FirstClub: Closed $23 million for its quick-commerce business.

  • Colive: Bagged $20 million to scale its co-living spaces model.

Smaller rounds were also seen across early-stage startups, including Tuco Kids, LeafyBus, Reveal HealthTech, PlatinumRx, FlexifyMe, Offgrid Energy Labs, and AutoDukan, with investments ranging from $500,000 to $15 million.

Sectoral Spread

The week’s funding activity cut across multiple industries – semiconductors, e-commerce, edtech, food & beverage, healthtech, cleantech, quick-commerce, and real estate.

This diversity indicates that investors are not only backing consumer-facing startups but also showing strong interest in deep tech and infrastructure-driven companies.

Broader Context

The week’s tally comes after a relatively subdued July, when startups raised around $460 million, down 47% year-on-year. Analysts suggest that September’s early surge points to renewed momentum in the funding landscape.

The timing also coincides with the launch of a $1 billion India Deep Tech Investment Alliance by U.S. and Indian venture capital firms, aimed at supporting sectors such as AI, semiconductors, and clean energy over the next decade.

Outlook

The first week of September underscores a shifting trend in the Indian startup ecosystem:

  • Deep tech is attracting larger cheques, with Tessolve’s round setting a new benchmark.

  • Consumer brands and e-commerce remain resilient, continuing to draw sizable investor interest.

  • Investor confidence appears to be reviving, signaling potential for more big-ticket deals in the months ahead.

With over $341 million raised in just six days, India’s startup ecosystem is showing early signs of a stronger second half of 2025.



✨ Your turn: Do you think India can emerge as a global semiconductor hub? Or will startups in consumer tech continue to dominate the spotlight? Drop your thoughts in the comments!

Location: India

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