About Tekion
Tekion is a company based in Pleasanton (United States) founded in 2016 by Guru Sankararaman and Jay Vijayan.. Tekion has raised $600 million across 5 funding rounds from investors including Hyundai Motor Company, Exor and Alkeon Capital Management. The company has 1,935 employees as of April 05, 2024. Tekion has completed 1 acquisition, including Five64. Tekion operates in a competitive market with competitors including Upstart, Reynolds and Reynolds, CDK Global, Seez and Dealertrack, among others.
- Headquarter Pleasanton, United States
- Employees 1935 as on 05 Apr, 2024
- Founders Guru Sankararaman, Jay Vijayan
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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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 Tekion India Private Limited
- Date of Incorporation 09 May, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$77.12 M (USD)76.45as on Mar 31, 2023
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Net Profit
$8.18 M (USD)57.41as on Mar 31, 2023
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EBITDA
$13.33 M (USD)70.31as on Mar 31, 2023
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Total Equity Funding
$600 M (USD)
in 5 rounds
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Latest Funding Round
$200 M (USD), Private Equity Round
Jul 16, 2024
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Investors
Hyundai Motor Company
& 13 more
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Employee Count
1935
as on Apr 05, 2024
- Investments & Acquisitions
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Software Development Team
62 people
Senior Team
39 people
Leadership Team
36 people
Partner Team
23 people
Human Resources and Administration
19 people
Implementation Team
17 people
Data Analysis and Operations Team
15 people
Operations Team
15 people
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Funding Insights of Tekion
Tekion has successfully raised a total of $600M across 5 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $200 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Private Equity Round — $200.0M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Private Equity Round - Tekion | Valuation | Dragoneer Investment Group |
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| Oct, 2021 | Amount | Series D - Tekion | Valuation | Alkeon Capital Management , Durable Capital Partners | |
| Oct, 2020 | Amount | Series C - Tekion | Valuation | Advent International |
| 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 Tekion
Tekion has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Hyundai Motor Company, Exor and Alkeon Capital Management. 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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VC fund focused on equity markets
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Founded Year | Domain | Location | |
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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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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 Tekion
Tekion has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Five64. 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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SaaS platform for automotive dealership and retail management is provided.
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2016 |
| 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 - Tekion
| 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 |
Tekion Comparisons
Competitors of Tekion
Tekion operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upstart, Reynolds and Reynolds, CDK Global, Seez and Dealertrack, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified loans are provided via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Software and services for automotive dealership retailing are provided.
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| domain | founded_year | HQ Location |
Cloud-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
Developer of an online P2P marketplace for used cars
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| domain | founded_year | HQ Location |
Dealership management solutions are provided for automotive dealers.
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| 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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Latest news on Tekion
Frequently Asked Questions about Tekion
When was Tekion founded?
Tekion was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Tekion located?
Tekion is headquartered in Pleasanton, United States. It is registered at Pleasanton, California, United States.
Who is the current CEO of Tekion?
Jay Vijayan is the current CEO of Tekion. They have also founded this company.
Is Tekion a funded company?
Tekion is a funded company, having raised a total of $600M across 5 funding rounds to date. The company's 1st funding round was a Series C of $150M, raised on Jan 10, 2019.
How many employees does Tekion have?
As of Apr 05, 2024, the latest employee count at Tekion is 1,935.
What is the annual revenue of Tekion?
Annual revenue of Tekion is $77.12M as on Mar 31, 2023.
What does Tekion do?
Tekion was founded in 2016 and is headquartered in Pleasanton, United States. Operations focus on the automotive sector, where AI and cloud technologies are utilized to deliver dealership management and retail systems. Services include digital sales management, compliance oversight, customer engagement tools, data analytics, bidirectional integrations, accounting functions, and finance and insurance handling. Features such as budget-based inventory searches and personalized e-commerce options are also supported for dealers.
Who are the top competitors of Tekion?
Tekion's top competitors include Upstart, Reynolds and Reynolds and Seez.
How many acquisitions has Tekion made?
Tekion has made 1 acquisition, including Five64.
Who are Tekion's investors?
Tekion has 14 investors. Key investors include Hyundai Motor Company, Exor, Alkeon Capital Management, General Motors, and Durable Capital Partners.
What is Tekion's valuation?
The valuation of Tekion is $3.5B as of Oct 2021.
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