Tekion

“We didn't share exactly what the valuation is, but it's, Significantly more than a billion. So we raised till a 150. So it's a very fantastic round in all, all aspects. We had all of our investors participate. We had some great new investors come in as well, l…”

“There are dealerships that save anywhere between 15,000 to, you know, 65,000 dollars a month by moving to our platform, ok?”

“There are so many things that could go wrong. That's why you won't see too many startups coming and disrupting in this space. It takes decades to disrupt any space like this.”

“Series you know A was to be raised, ten million at around forty-eight million dollars post value.”

“Even the, our investors from General Motors to Nissan, Renault, Mitsubishi, to BMW, to FCA. I think it's been great. And dealers, multiple dealers in the country Joe Sarah from Capital. I think people who have trusted Advent us”

“The transaction volume already on our platform crossed three hundred and fifty million dollars and continuing to rapidly grow.”

“Until then the revenue was small but in 20, 20, it immediately jumped to almost it started going towards, and then now we are more in double digit ARR.”

“So Series B, let me think was 20 yeah, 22, yeah, I think it's twenty two million, if I'm right. We raised twenty two million Series B at 90 I think it was ninety-eight million posts in terms of valuation.”

“From a growth point of view, I see us growing from year over year in twenty-twenty-one at least 200% or more.”

“For companies which had failed, I had seen that one of the biggest thing is not getting the OEM connection and integration and support on time.”

“And that's what we ended up acquiring two automotive dealerships. It was a very high risk, high stakes. We had to do because Tekyon is a small company. We didn't have a lot of money.”

“So personally, me and my co-founder, Guru, we took a loan to go buy the land of the dealership because I felt Techyan didn't have money to invest in the land. And then Techyan just invested in buying the dealership only because I felt if we buy the dealership …”

“The reason we had to have such a big team, right, close to 3000 people is because amount of things we had to build.”

“My team developed literally in like, you know, somewhere around like six weeks, six to eight weeks. So they developed the product from the platform no other DMS had. From the platform you can sell car remotely.”

“And then once you excite a few customers, ideally recruit them to be, you know, fully open up for your team. And that's what you need. I mean, of course, early days they would say, you know, they may need the software for free or they may need it in for a sign…”

“First round was three million, which was seed, friends and family, and my money as well. And then second round was ten million, I think. And then B was I'm forgetting. So it was not a lot of money. Collectively, we might have raised probably thirty million, I …”

“And the good news is just this year, we will be, one year, we'll be doing at least, we're targeting to do a hundred million net new.”

“Because we had like probably 25 different groups who are invested.”

“So in fact, we slightly settled on, not too much, slightly, very small, in grand scheme of things, I felt it settled on a slightly lower valuation to make sure that we bring both of them.”

“The good thing is my seed investors today are at 400 X, which is good, right? They're all happy investors and still early stages.”

“The first dealership we acquired was the first customer. We bought it from the first customer because he was working on selling the dealership for other business reasons, and I'm glad he brought it up to us, and he's still a customer.”

“And the company today is more than three hundred million in AR last valued at more than four billion.”