This website requires JavaScript.
Daily Briefing

Indian parking app Park+ raises USD 11 Mn

Jan 22, 2020 by The Passage Team
Indian parking app Park+ raises USD 11 Mn

Park+, a startup focused on digitising parking across India, has raised $11 million in a funding round co-led by venture capital firms Sequoia Capital and Matrix Partners India, per an announcement.

The funding round also saw participation from MakeMyTrip founder Deep Kalra and cofounder Rajesh Magow, BookMyShow founder and CEO Ashish Hemrajani, CRED founder Kunal Shah, Snapdeal cofounders Kunal Bahl, and Rohit Bansal among others.

Founded by former Paytm VP Amit Lakhotia in July 2019, Park+ is a mobile app-based platform that offers smart, cloud-based automated parking systems for B2B establishments and daily commuters. The company claims to provide real-time parking discovery, booking, payment and tracking.

Source: DealstreetAsia

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

Follow The Passage Team