Eyeing a bigger Indian market pie, California headquartered, technology firm Tekion has leased two commercial properties across Bangalore and Chennai to expand its operation in India.
As per reports, the global tech major has taken on lease nearly 110,000 sqft office space in Bagmane Solarium City, Brookfield, Bengaluru, to accommodate up to 1,100 engineers. In Chennai, Tekion leased close to 53,000 sqft office space at Embassy Splendid Tech Zone, Pallavaram, with a capacity to seat over 350 engineers.
As Tekion enters new markets, Bengaluru and Chennai are expected to contribute significantly to product development in collaboration with other global teams.
“We're creating seamlessly integrated, elegant, and intuitive solutions built with cutting edge technology and powered by Big Data, Machine Learning (ML)/ AI, and Internet of Things (Connected vehicle to connected devices). We're harnessing the passion, entrepreneurial spirit, deep industry expertise, and the latest technologies to create something very special. We are inventing new technology along the way to overcome barriers and solve big problems,” Jay Vijayan, CEO, and Founder of Tekion said.
Tekion, the innovator of the Automotive Retail Cloud® (ARC), the first and fastest cloud-native automotive retail saas platform, has also hired more local product and engineering talent.
Headquartered in Pleasanton (California), Tekion has been growing globally with close to 2,000 innovators spread across the USA, India, Canada, France, and Germany.
Tekion, founded in 2016 as a product company, has a significant presence in India with Bengaluru being the apac headquarters while Chennai as the Regional Center is emerging as an important innovation hub.
Tekion is building the only cloud-native platform that is transforming the automotive retail industry, leapfrogging it into the future and providing an unparalleled customer experience.
“Our new offices are state-of-the-art and offer the best working environment with inspiring themes, including open collaboration spaces, gym, natural greenery, cafeteria, yoga room, gaming zone, and many fun-loving elements. Bengaluru and Chennai are integral to our global collaborative working model. We are offering our talented Tekionites world-class infrastructure,” Rana Robillard, SVP – People Team, Tekion said.
The company in the next six months looks to increase the engineering talent strength and may explore additional office space. “We have implemented a flexible working policy to enable work for the last two years because of the pandemic. Many employees have shown interest in working from the office. While the new office in Chennai is fully operational with 230+ engineers, the Bengaluru office will start welcoming employees from July,” Rana said.
Valued at $3.5bn after its series- D financing, in October 2021, Tekion is backed by Advent International, Durable Capital, Alkeon Capital, Index Ventures, FM Capital, AME Cloud Ventures, Airbus Ventures, and Storm Ventures.