Park+ Analysis: $25M Raised
What is Park+?
Park+ is a mobile application that offers a range of services for car owners in India. It uniquely combines features like FASTag management, parking solutions, and traffic challan tracking in one platform. This integration simplifies car ownership and enhances user convenience by addressing multiple car-related needs efficiently.
Employees
501-1000
Founded
2019
Industry
SaaS, FinTech, Mobility Tech
Latest Funding Round Size
Series C
Parent Company Website
Public Company Status
Private
Recent Venture Round Amount
$17,000,000
Product Features & Capabilities
- FASTag management for seamless toll payments
- Smart parking solutions with real-time availability
- Traffic challan tracking and payment
- Bill payment services for utilities
- Car wash services through app booking.
Use Cases
Manage FASTag for toll payments; Book parking slots in advance; Track and pay traffic challans; Schedule car wash services; Access bill payment options for utilities.
How much Park+ raised
Series C - ₹140 crore (approximately $17 million)
January 10, 2023Lead Investor: Epiq Capital, Matrix Partners India, Sequoia Capital India
Series B - $25 million
October 2021Lead Investor: Epiq Capital, Matrix Partners India, Sequoia Capital India
Other Considerations
Over 12 million FASTag transactions processed; 200,000 parking locations available; Trusted by millions of users across India.
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