Tekmetric Co-Founder Prasanth Chilukuri Featured in latest issue of Texas CEO Magazine

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June 27, 2022

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Read time: 3 min

When it comes to starting a business, you have a lot to consider.

How are you going to make sales?

Are your operations in order?

How will you approach legal, HR, and marketing?

But it’s important to not forget about one key part to getting your business off the ground: funding.

You’ll want to be well-versed in what to look for in a potential partnership whether you’re in the startup phase, the expansion phase, or even in a plateau phase.

By better preparing now, you’ll set your company up for future success.‍

Recently, Prasanth shared his thoughts about different kinds of funding with Texas CEO Magazine. You can read the full piece here, or check out some of the highlights below.

Determine The Right Equity Path For Your Business

The first step for any business owner should always consist of researching and selecting the right method of funding for your company. Once you’re confident in your company’s business model, your company’s current state, and any future aspirations for your company, you’ll want to determine the right equity path that can take your company where you want it to go.

1. Venture Capital

Venture capital is a more traditional route and is optimal for new entrepreneurs. If you have an idea for a potential business venture but aren’t sure exactly what to do with it just yet, venture capital could help you secure funding so that you can bring your ideas to fruition.

With venture capital, your partner will purchase a significant portion of the company, and in turn will offer support and guidance to nurture your company’s growth

2. Growth Equity

If your company has already excelled in the starting phases and needs another boost to continue expanding, you’ll want to consider growth equity—otherwise known as “rocket fuel.” Growth equity tends to be founder-centric and offers more autonomy and room to remain true to your company’s original core values and business model.

3. Private Equity

Companies that have reached the later stages of their business’ lifecycle may opt for private equity.

This route can be a good contender for companies that are at risk of going under due to lack of profits. Private equity can give your company the boost needed to prevent it from closing up shop.

Whoever you choose to partner with will take a large portion of your company’s ownership and will make significant changes to the company. However, the private equity route tends to yield bigger checks.

What Did Tekmetric Do For Funding?

Prasanth knows how important the right funding for your company is.

Prior to 2021, Tekmetric was in the startup and the small business stage, so the initial funding from friends and family was an avenue that worked out really well at the time

After 2021, Tekmetric started to expand exponentially. Tekmetric’s Co-CEOs and Co-Founders Prasanth and Sunil Patel realized that more growth could be possible if they changed from their personal network funding to the growth equity route.

Growth equity provided funding for additional initiatives, such as marketing, product research, and hiring. In turn, Tekmetric was able to pursue the vision that Prasanth and Sunil had outlined during the company’s beginning stage.

Find The Right Partner

You’ll want to be intentional about choosing any of your partnerships as a business owner, especially when it comes to finding the right funding partnerships.

The partner you decide to go with will help determine what your business’ tone and future will be like.

As you’re determining the right partnerships for you, ask yourself 5 questions:

  • Is the partner aligned with my business goals?
  • Do I trust this partner with my team and my business?
  • What will my relationship with this partner look like?
  • How much day-to-day involvement in my company does this partner expect?
  • Does this partner provide a reasonable amount of funding to support my goals?

No matter what equity direction you take, you’ll want to find a partnership dynamic that works for you, your business, and your team. As you’re choosing the right partner, remain transparent about any goals and expectations you have in mind for your company.

You won’t want to choose a partner solely based on numbers. The partnership will be a long-term business relationship—a marriage of sorts—and you should treat the partnership with thoughtfulness and respect.

What Did Tekmetric Do For Funding Partnerships?

At Tekmetric, Prasanth and Sunil knew whichever partner they selected to provide funding would play a significant role in the company’s future, and would have a strong impact on Tekmetric’s overall tone, goals, and growth.

At the time Prasanth and Sunil started looking for partners, Tekmetric was a well-established name throughout the auto repair industry, so they wanted a partner that would work alongside them, not just someone who would give them money and stay at a distance.

Eventually, Tekmetric found the right partner—one who is not only sensitive to the company’s needs but also the needs of Tekmetric’s customers.

Tek-Tip: Always ensure your partnerships are a two-way street.

As an auto repair shop management system, Tekmetric has long realized the importance of mutually beneficial partnerships. We’ve established partnerships along the way with companies like Mechanic Advisor and Advance Auto Parts Pro Solutions to help us better meet our customers’ needs.  In fact, Tekmetric has more than 30 industry partners (and counting) to ensure the most seamless possible experience.

Want to assess your general partnerships beyond funding? Find out what you should consider as a shop owner before entering into an auto repair shop partnership here.

Remain True To Your Business Yourself

No matter the equity path you choose to go or the partnerships you choose to take, you’ll want to stay true to your business’ core values and who you are as a business owner.

Rather than cutting corners, you can opt for the best possible solutions.

Prasanth said it best: financial support and equity can be confusing, and it’s easy to get lost in the numbers and forget why you started your business in the first place. However, the right partner will make all the difference.

After all, if you are putting significant time and effort into your idea, your company, and your team, you should expect a partner who supports your continued success long into the future.

→ Check out our latest blog on 12 marketing strategies to help you bring in more customers, or learn how you can become the ultimate leader for your team

A special thanks to Texas CEO Magazine for providing space for Prasanth to share his knowledge.

👉 Ready to grow your automotive business? [Book a personalized Tekmetric Demo Here]

FAQ

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Were you looking for a vendor to reorder carbon copy auto repair receipt templates when you found this blog? Maybe you’ve already spent a few hours at your computer, searching for the right auto repair receipt template. But none of the templates you’ve seen looks right for your shop. It’s hard to find a perfect fit. You need a template that is fast to fill, inexpensive, flexible enough to work for any sale, and easy for you and your customers to understand. That’s a tall order.

But all too often, standalone templates fail to meet the complex business needs of modern auto repair shops.

You have already made positive changes toward getting organized by searching for and maybe even trying out a variety of new templates. But what if you could save time and improve accuracy with a system that did all the work of writing and tracking receipts for you?

Think about how you currently find the information you need for your receipts and fill them out. Maybe you use carbon copies. Maybe you type the receipts out. But you’re probably getting the information from your invoices, which themselves reflect estimates. That’s three documents to write per customer, which can quickly add up to a lot of time spent on paperwork.

Auto repair shop management systems are capable of populating receipts with payment information and prices from estimates and invoices in seconds to create consistent receipts and a more positive customer experience.

We know that change can be hard, but it’s worth it.

Let’s analyze some of the ways your current auto repair receipt templates might be holding you back and how an auto repair shop management system can improve your customer experience, simplify work at the shop, and lead to more business growth for you and your team.

Go Beyond an Auto Repair Receipt Template with Tekmetric

July 18, 2023

Read time: 3 min

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The most important features in auto repair shop management software are the ones that connect your business end-to-end: repair orders and estimates, digital vehicle inspections, parts ordering and inventory, integrated payments, and real-time reporting. If a system does those five things well, and keeps them in one place instead of five, it will vastly improve how your shop runs.

The hard part isn't finding software with a long feature list. It's telling the difference between features that move the needle in your bays and features that just look good in a sales demo. This guide breaks down the categories that matter, what each one actually does for your shop, and what to look for when you compare options.

1. Repair Orders and Estimates That Flow Together

What it is: The digital repair order (RO) is the backbone of the shop management system. Estimates should build fast — pulling in labor times and parts — and flow directly into the RO without rekeying anything.

Why it matters: This is where most of your team's wasted time hides. When an estimate becomes an RO in one click, and job templates drop in common parts and labor automatically, a service advisor can build a ticket in a fraction of the time. Over a full day of ROs, that adds up.

What to look for: Pre-built job templates, labor guide integration, and a clean estimate-to-authorization path. In Tekmetric, Smart Jobs allow advisers to build ROs from templates with parts and labor already attached, and estimates flow straight into the repair order.

2. Digital Vehicle Inspections (DVIs)

What it is: A digital inspection lets technicians document findings with photos and videos from a phone or tablet and send them straight to the customer.

Why it matters: Customers approve work they can see. A photo of a worn brake pad does more to earn trust — and a yes — than a line item on a paper estimate. That trust is what lifts approval rates and average repair order value, and it's why DVIs are one of the few features worth treating as non-negotiable.

What to look for: Photo and video capture, quick send-to-customer, and digital authorization built into the same flow. Tekmetric shops have reported meaningful ARO gains from strong DVI use, with ARO value rising from a $612 baseline to $741 for shops that use DVIs consistently.

3. Parts Ordering and Inventory

What it is: Parts management covers two things: knowing what's on your shelf, and ordering what isn't — ideally without leaving the repair order.

Why it matters: Parts are where margin quietly leaks out of a shop. Wrong parts, duplicate orders, and time lost bouncing among supplier tabs all cost money. When ordering is built into the RO and inventory updates as parts are used, your team stays in one screen and your margins stay protected.

What to look for: Integrated ordering through the supplier networks you already use, real-time stock visibility, and a parts matrix to keep pricing consistent. Tekmetric connects to parts suppliers so technicians can order parts as they diagnose issues.

4. Integrated Payments

What it is: Payments that live inside the shop management system, so checkout, reconciliation, and reporting all run off the same data.

Why it matters: A faster checkout is a better customer experience, and integrated payments mean you're not hand-matching a separate processor's statements at the end of the day. Options like text-to-pay and financing also help customers say yes to bigger jobs.

What to look for: Card and digital wallet acceptance, Text-to-Pay, built-in reconciliation, and financing options — all reporting into one place. In Tekmetric, payments are a built-in add-on rather than bolted on. There is no separate terminal, no third-party login, and no support ticket when something does not sync. Refunds, disputes, and deposits are handled in the same platform shops use to run repair orders.

Tekmetric customers have access to all of this: Buy Now, Pay Later partners like Affirm, Klarna, and Sunbit make bigger repairs affordable for customers, and shops offering flexible consumer financing can increase average repair order value by up to three times. Add same-day setup, next-day funding, and fraud protection through Stripe Radar, and payments stop being a separate system to manage. They become one more step in a workflow shops already know.

5. Real-Time Reporting

What it is: Live visibility into the numbers that tell you how the shop is running — average repair order, car count, gross profit, technician productivity — without waiting for month-end.

Why it matters: You can't fix what you can't see. Real-time reporting is what turns a platform from a digital filing cabinet into a tool you actually run the business with. It's also the feature owners underrate at buying time and rely on most six months in.

What to look for: Key metrics on a dashboard, the ability to drill into a technician or a location, and reporting you can trust without exporting to a spreadsheet. Tekmetric surfaces these metrics in real time from the shop counter or from home.

The Features That Tie It All Together

Cloud-based access and a real mobile app

If the platform only lives on the computer at the front counter, half its value is stuck there. Cloud-based access means you can check the shop from home, and a real mobile app keeps technicians moving without walking back and forth to a terminal.

Integrations with the tools you already use

No platform does everything, so the ones that connect cleanly to accounting, parts suppliers, and marketing tools win. Tekmetric offers more than 70 integrations so you can build the workflow around your shop instead of the other way around.

How to Evaluate an Auto Repair Platform

A quick lens when you're comparing options:

  • Is it connected? The point of a platform is that repair orders, parts, payments, and reporting talk to each other.
  • Will your team actually use it? The best feature set loses to the one your advisors and technicians will adopt in a week, not a quarter.
  • Does it show you the numbers? If you can't see ARO, car count, and gross profit in real time, you're flying blind.
  • Can it grow with you? Your platform should grow with your business, especially for multi-shop operators.

Get those four right and the feature checklist mostly takes care of itself. The categories above — repair orders, DVI, parts and inventory, payments, and reporting — are the ones that decide whether your shop runs faster and more profitably or just runs the same way with a nicer screen.

Auto Repair Platform Features that Actually Matter

August 25, 2026

Read time: 3 min

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In the auto repair industry, where customer trust and satisfaction are paramount, leveraging customer feedback is an invaluable strategy for improving shop performance. As technology improves, customer expectations for service quality and transparency continue to rise. Fortunately, shops can actively seek, analyze and act upon customer feedback to better position themselves to meet these expectations, enhance their service offerings and build long-term loyalty.

Customer feedback is a powerful tool that, when leveraged effectively, can lead to enhanced customer satisfaction, repeat business and a stronger reputation in the marketplace. As the industry continues to evolve to meet the needs of its customers, auto repair shops that prioritize and act on customer feedback will be better equipped to rise to these standards, thrive and succeed.

Know your audience in the modern industry

Today’s customers are increasingly more digital. In the past, auto repair shops relied on phone calls as their primary form of communication. In the modern market, however, digital communication like email or text messaging has become the preferred type of communication for most people. In fact, 91% of texts are opened within the first three minutes after receipt, with 81% of Americans texting regularly. Ultimately, the best way to get ahold of your customers is to cater to their preference – so ensure you know your audience’s preference and offer solutions that help meet their desired communication style.

Furthermore, the modern landscape of the customer experience emphasizes convenience. At the click of a button, you can have groceries delivered or receive an item within two days of ordering it. Long wait times and visiting brick-and-mortar stores to purchase items is no longer the only way customers can buy things. The same applies in auto repair shops. With this knowledge, you can implement digital solutions to make the customer experience more convenient, thereby increasing loyalty and ensuring your customers return time and time again.

Collect feedback on your shop’s customer experience  

Once you understand your audience in general, you should also strive to understand their experience with your business specifically. It’s important to foster a two-way relationship with the customer and give them the opportunity to share direct feedback. This can help you gain insight into the customer experience, including your shop’s strengths and pain points for customers, so you can adjust and improve.

Tracking feedback is just as important as tracking your shop’s internal operations or financial performance. You can gather feedback through multiple avenues: Google reviews, post-service surveys or even in-person conversations. Each option offers customers an opportunity to share their thoughts on areas where you perform well or bottlenecks that need to be addressed. 

Digital tools can help monitor all forms of customer feedback. Through Tekmetric, you can integrate with a variety of solutions to monitor and respond to feedback via Google reviews. Or, to help drive your customer experience and gather feedback, you can utilize Tekmetric’s Smart Jobs feature to create estimates within one click, allowing your service advisors to spend less time on manual labor and more time cultivating strong customer relationships. 

Leverage feedback to improve shop performance

Customer feedback is critical because it addresses your shop’s bottlenecks from the perspective of the vehicle owner. For example, some shops may include parts ordering and inventory tracking among service advisors’ responsibilities, in addition to taking care of the customer. At Tekmetric, we’ve found this creates many opportunities for miscommunication between the technician who needs the parts and the service advisor, leading to a delay that affects the customer. To solve this problem, we created our Inventory Orders feature so technicians can easily order the parts needed. This ensured better accuracy within the shop and a greater customer experience.

Customer feedback also highlights the importance of convenience when it comes to driving loyalty. For vehicle owners, convenience is not always about choosing the closest shop. It is about choosing the shop that will make their life easier. For example, digital payments solutions can create a more convenient solution for customers. With Tekmetric’s two-way texting and text-to-pay features, customers can pay from their desk or their home office, pay for their college kid who lives in a different state and even pick up their vehicles after regular business hours.

Implementing customer feedback cultivates a stronger connection between your shop and your customers. Through open dialogue, feedback creates a two-way relationship that allows you to address customer needs effectively and improve shop performance. Customer feedback can also help address bottlenecks and streamline processes in your shop, leading to enhanced customer experiences, increased loyalty and, ultimately, a healthier bottom line.

Leveraging Customer Feedback to Improve Shop Performance

September 27, 2024

Read time: 3 min

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