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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.

HQ Country
Gurugram, India
Employees
501-1000
Industry
SaaS, FinTech, Mobility Tech

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.

How much Park+ raised

Series C - ₹140 crore (approximately $17 million)

January 10, 2023
Lead Investor: Epiq Capital, Matrix Partners India, Sequoia Capital India

Series B - $25 million

October 2021
Lead Investor: Epiq Capital, Matrix Partners India, Sequoia Capital India

Financial Overview

$25MTotal Raised
Series C₹140 crore (approximately $17 million)
January 10, 2023
Investors: Epiq Capital, Matrix Partners India, Sequoia Capital India
Series B$25 million
October 2021
Investors: Epiq Capital, Matrix Partners India, Sequoia Capital India
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