About Contec
Contec is a company based in Schenectady (United States) founded in 1978 was acquired by Revolution Capital Group in November 2022. It operates as a Managed Services, and B2B2C. The company has 16 employees as of March 28, 2024. Contec has completed 1 acquisition, including Replico Corporation. Contec offers products and services including Forward and Reverse Logistics, Automated Testing Solutions, Repair & Diagnostics, Value Added Fulfillment Services, and Service Parts Planning.
- Headquarter Schenectady, United States
- Employees 16 as on 28 Mar, 2024
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Contec India Private Limited
- Date of Incorporation 18 Sep, 2015
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$384.65 K (USD)19.34as on Mar 31, 2023
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Net Profit
$27.55 K (USD)507.07as on Mar 31, 2023
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EBITDA
$81.49 K (USD)923.56as on Mar 31, 2023
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Latest Funding Round
$12 M (USD), Debt – Conventional
Jun 21, 2018
- Investors
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Employee Count
16
as on Mar 28, 2024
- Investments & Acquisitions
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Acquired by
Revolution Capital Group
(Nov 10, 2022)
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Products & Services of Contec
Contec offers a comprehensive portfolio of products and services, including Forward and Reverse Logistics, Automated Testing Solutions, Repair & Diagnostics, Value Added Fulfillment Services, and Service Parts Planning. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom solutions are provided to enhance flexibility and minimize risk.
World-class technology is offered as a unique market differentiator.
Repair services are delivered for customer premises equipment efficiently.
Dynamic order fulfillment and customized kitting are provided effectively.
Valuable resources for parts and materials are offered annually.
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Funding Insights of Contec
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $12.0M
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First Round
First Round
(21 Jun 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Debt – Conventional - Contec | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Contec
Contec has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Revolution Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A global private investment firm focused on middle market companies is operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Contec
Contec has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Replico Corporation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer and deployer of submarine and terrestrial fiber optic cable systems
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Contec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Contec Comparisons
Competitors of Contec
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Contec
When was Contec founded?
Contec was founded in 1978 and raised its 1st funding round 40 years after it was founded.
Where is Contec located?
Contec is headquartered in Schenectady, United States. It is registered at Schenectady, New York, United States.
How many employees does Contec have?
As of Mar 28, 2024, the latest employee count at Contec is 16.
What is the annual revenue of Contec?
Annual revenue of Contec is $384.65K as on Mar 31, 2023.
What does Contec do?
Contec is engaged in delivering technology-driven and logistics solutions to broadband service companies and electronics OEMs. Services are offered in forward and reverse logistics, automated testing, repair and diagnostics, value-added fulfillment, and service parts planning. Operations are focused on testing, repairing, refurbishing, packaging, and deploying customer premises equipment. Solutions are tailored to increase flexibility, minimize risk, and support innovation for clients across North America and beyond.
What products or services does Contec offer?
Contec offers Forward and Reverse Logistics, Automated Testing Solutions, Repair & Diagnostics, Value Added Fulfillment Services, and Service Parts Planning.
How many acquisitions has Contec made?
Contec has made 1 acquisition, including Replico Corporation.
Who are Contec's investors?
Contec has 1 investor. Key investors include Revolution Capital Group.