Building technology
companies that matter
We bring patient capital and a decade of experience to help ambitious founders build them.
A decade of conviction
We recognised this opportunity early. In 2016, we committed long-term capital towards India’s electronics and hardware opportunity, and made four focused bets.
Over $500 million in value created
Companies we have helped build
Leading semiconductor engineering business with end-to-end capabilities for developing cutting-edge chips; 3,500+ engineers across 12 countries.
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We invested when Tessolve was a $25 million semiconductor test specialist. Working alongside its founders and leadership team, we helped execute a transformative growth plan, drove more than 10 acquisitions and strengthen the leadership team. Committed investments to new capabilities and markets helping it become a leading global engineering company with over $200 million in revenue.
Built from the ground up into a leading Indian smart-device brand across connected home, security and intelligent products.
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We founded Qubo and worked alongside its team to develop its technology platform, product portfolio and distribution. With its own hardware, software, app and cloud. Qubo has grown into India’s largest smart-device company, with 3 million devices shipped and 60% annual growth. Its portfolio spans smart security and appliances.
Energy-management solutions for small and mid-sized infrastructure. Acquired by Schneider Electric.
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We backed the founders to develop the platform, scale the business across India and begin international expansion, ahead of its acquisition by Schneider Electric.
India’s leading indigenous media-device business.
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We worked alongside the founder to help MyBox scale into India’s largest indigenous media devices company and only domestic set top box supplier to DTH industry. We have since exited the investment.
Building alongside. For the long term
More than capital, hardware businesses need committed partners with an operating perspective and the freedom to build over time. This is what we bring, backing founders to take bold decisions, sharing responsibility for outcomes and building enduring businesses together.
Patient capital
A long-term view, giving businesses the time and support to realise their potential.
Deep experience
A decade of investing in electronics and technology, applied to the decisions and challenges ahead.
A network that opens doors
Relationships with customers, technology partners, suppliers and leaders in India and globally.
Resources to build
Practical support with strategy, leadership hiring, operations and acquisitions.
Where we invest
Semiconductors
We back companies across the semiconductor value chain, from fabless chip design and engineering to manufacturing, assembly and testing.
Our experience: Tessolve
Product companies
India is ready to build great product companies at the intersection of hardware, software and AI. We back teams turning that opportunity into products people use.
Our experience: Qubo, MyBox
Energy transition
We invest in the products and systems that will drive the energy transition, with a focus on electric vehicles and the infrastructure around them.
Our experience: Zenatix
Electronics manufacturing
Rising Indian demand and capabilities, alongside global China+1 sourcing, create a major opportunity to manufacture components, modules and complete products.
Six decades of building businesses
Hero Electronix is part of the Hero Group, one of India’s most respected business houses, with businesses across:
Latest from us & our companies
How Hero Group built Tessolve into a Rs 1,900-crore stake
Tracing Tessolve’s growth since Hero Group’s 2016 investment.
Read more →Tessolve raises $75 million from Vector Line Capital
Supporting acquisitions and global expansion.
Read more →Qubo expands its AI-powered security camera and dashcam range
Bringing smarter protection to homes and cars.
Read more →We work like builders
Building an electronics or technology business? Let’s talk.
Connect with us connect@heroelectronix.com