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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People of Tekion
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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 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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VC fund focused on equity markets
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Investment management services are offered by Durable Capital Partners.
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Venture capital investments in technology startups and entrepreneurs.
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Investor details for Tekion
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Investments & Acquisitions by Tekion
Tekion has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Five64.
Investment portfolio details for Tekion
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| 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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Complete acquisition details for Tekion
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Financial Statements - Tekion
Detailed financials for Tekion
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Tekion Comparisons
Peer comparison for Tekion
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Diversified loans are provided via an AI-enabled online marketplace.
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Software and services for automotive dealership retailing are provided.
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Cloud-driven management systems for auto dealerships are provided.
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Developer of an online P2P marketplace for used cars
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Dealership management solutions are provided for automotive dealers.
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Detailed competitors of Tekion
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Latest news on Tekion
Complete news archive for Tekion
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Frequently Asked Questions about Tekion
Tekion was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Tekion is headquartered in Pleasanton, United States. It is registered at Pleasanton, California, United States.
Jay Vijayan is the current CEO of Tekion. They have also founded this company.
Tekion is a funded company, having raised a total of $600M across 5 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Tekion is 1,935.
Annual revenue of Tekion is $77.12M as on Mar 31, 2023.
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.
Tekion's top competitors include Upstart, Reynolds and Reynolds and Seez.
Tekion has made 1 acquisition, including Five64.
Tekion has 14 investors. Key investors include Hyundai Motor Company, Exor, Alkeon Capital Management, General Motors, and Durable Capital Partners.
The valuation of Tekion is $3.5B as of Oct 2021.