Punjab, Oct. 22 -- Indian startups raised about 329 million dollars across 27 companies in the week to 17 October, led by Tessolve Semiconductor. For the year to date the total stands at 11.21 billion dollars across 799 rounds.
A semiconductor company at the top
Tessolve leading the weekly table is the item worth noticing. It does semiconductor engineering services - test, design and validation work for chip companies - which is the part of the semiconductor stack India can actually compete in today.
Fabrication plants get the announcements and the subsidies. Engineering services get the revenue, because the work is people-intensive, exportable, and does not require a ten-billion-dollar facility to begin. Most of the serious money being ...