Indian startups across different sectors raised big funds this week, with semiconductor company Tessolve leading the pack. From chips to coffee, here are the highlights:
Tessolve gets $150 million boost
- Fund Raised: $150 million
- Investor: TPG
Bengaluru HQ’d Tessolve, a Hero Electronix company founded in 2004, has recently announced having received $150 million from TPG Growth to grow global delivery centers, expand test labs, and complete strategic acquisitions. Tessolve is a provider of R&D services specialized in semiconductor and embedded engineering across a variety of industries including automotive, IoT, and industrial solutions; this provides funding in order to further enhance Tessolve’s global presence and also to enhance its position in the Indian semiconductor ecosystem.
Tessolve has a substantial history of growth; since, and including, their acquisition by Hero Electronix in 2016, Tessolve has grown revenue from $25 million to over $150 million, opened 11 labs across the globe, and currently has employment for over 3,000 engineers. Existing investor Novo Tellus continues as a significant investor.
CityMall Raises $47 Million In Series D Round To Expand Community Commerce
- Fund Raised: $47 Million
- Investors: Accel, Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, Jungle Ventures
CityMall, a community commerce startup, has raised $47 million in a Series D round led by Accel, bringing total funding to $165 million. CityMall, founded in 2019 in Gurugram, connects small towns with urban retail through local community leaders and offers groceries, electronics, fashion and more. The company will use the latest funding to strengthen its low-cost supply chain, grow private labels, and expand to adjacent areas.
Seekho bags $28 million
- Fund Raised: $28 million
- Investors: Bessemer Venture Partners, Goodwater Capital, Lightspeed Venture Partners, Elevation Capital
Seekho, which is headquartered in Bengaluru and was established in 2020, has secured $28 million in a Series B funding round led by Bessemer Venture Partners, along with participation from Lightspeed and others. Seekho provides accessible short-form, vernacular learning videos in business, career skills, and communication, and is focused on bringing self-learning to the masses of India. With 25 million monthly users and counting, Seekho plans to increase its content categories, enter the U.S. market, and build personalization with AI, in order to provide a more interactive, enjoyable, and personalized learning experience.
Blue Tokai Secures $25 Million in Funding for Expansion
- Fund Raised: $25 Million
- Investors: Accel, RTP Global, Blume Founders Fund, 2am VC, Paramark Ventures, Aditya Birla Ventures
Blue Tokai Coffee Roasters, the premium coffee brand founded in 2013 in New Delhi, has announced it raised $25 million from existing investors A91 Partners and others. The proceeds from this financing will be put towards expanding stores, enhancing infrastructure and expanding into international markets including Dubai and Japan. Blue Tokai hopes to double its revenue to Rs 2000 crore within four years. The company has raised over $105 million to date and is still rapidly growing in India’s premium coffee market.
FirstClub raises $23 million
- Fund Raised: $23 million
- Investors: Accel, RTP Global, Blume Founders Fund, 2 am VC, Paramark Ventures, Aditya Birla Ventures
Bengaluru-based FirstClub, newly launched in 2025, raised $23 million in capital. Founded by Ayyappan R, FirstClub is a membership-based quick commerce platform for premium customers with a portfolio of fresh produce, packaged foods, and daily essentials. FirstClub plans to expand to pet care, children’s food, and home care.
Important Feedback
The funding we see this week represents continued confidence in Indian startups from investors. These founders have created real solutions to real needs and are building rapidly, from Tessolve’s breakthrough in semiconductors to Blue Tokai creating a culture around coffee. Investor: TPG
