About XLerate Group
XLerate Group is a company based in Indianapolis (United States) founded in 2010 was acquired by Brightstar Capital Partners in September 2021.. XLerate Group has completed 11 acquisitions, including AuctionCredit, Bossier Auto Auction and Clark County Auto Auction. XLerate Group offers products and services including Auto Auctions, Online Marketplace, and Mobile Auctions. XLerate Group operates in a competitive market with competitors including Carvana, Copart, Droom, Vroom and Cars.com, among others.
- Headquarter Indianapolis, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Brightstar Capital Partners
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
AuctionCredit
& 10 more
- Acquired by
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Products & Services of XLerate Group
XLerate Group offers a comprehensive portfolio of products and services, including Auto Auctions, Online Marketplace, and Mobile Auctions. 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.
Platform for buying and selling vehicles at live and online auctions
Service for sourcing and selling vehicles digitally anytime
App-based system for vehicle auctions on dealer lots
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Funding Insights of XLerate Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2014 | Amount | Private Equity Round - XLerate Group | Valuation |
investors |
| 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 XLerate Group
XLerate Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Brightstar Capital Partners and Huron Capital. 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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Huron Capital is engaged in private equity investments in North American services businesses.
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Founded Year | Domain | Location | |
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Private equity firm focused on business services, consumer, industrial, government services, and technology sectors
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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 XLerate Group
XLerate Group has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include AuctionCredit, Bossier Auto Auction and Clark County Auto Auction. 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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Marketplace for selling of cars
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2010 | ||||
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Term loans are extended to small and medium enterprises.
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2006 | ||||
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Automotive aftermarket accessories are manufactured for various vehicle enhancements.
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2006 |
| 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 - XLerate Group
| 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 |
Xlerate Group Comparisons
Competitors of XLerate Group
XLerate Group 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 Carvana, Copart, Droom, Vroom and Cars.com, 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 |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Used cars are purchased and resold online through Vroom's platform.
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| domain | founded_year | HQ Location |
Used cars are listed and analyzed on an online platform.
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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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 Xlerate Group
Frequently Asked Questions about XLerate Group
When was XLerate Group founded?
XLerate Group was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is XLerate Group located?
XLerate Group is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Who is the current CEO of XLerate Group?
Chuck Tapp is the current CEO of XLerate Group.
What does XLerate Group do?
XLerate Group was founded in 2010 and is headquartered in Indianapolis, United States. Operations focus on the automotive sector, where auction services and remarketing facilities are managed for vehicle distribution. Core activities include facilitating sales through physical and digital platforms, supporting dealers and fleet operators across the country. Leadership is provided by CEO Chuck Tapp, with emphasis placed on efficient inventory turnover and market access.
Who are the top competitors of XLerate Group?
What products or services does XLerate Group offer?
XLerate Group offers Auto Auctions, Online Marketplace, and Mobile Auctions.
How many acquisitions has XLerate Group made?
XLerate Group has made 11 acquisitions, including AuctionCredit, Bossier Auto Auction, and Clark County Auto Auction.
Who are XLerate Group's investors?
XLerate Group has 2 investors. Key investors include Brightstar Capital Partners, and Huron Capital.