About otopark
otopark is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2019 by Anil Kumar Gupta and Aakash Gupta, and was acquired by Park Plus in June 2022. It operates as a p2P parking spaces are booked through an app-based platform. Its chief executive is Aakash Gupta. Its Indian entity Otopark Technological Services Private Limited reported revenue of ₹10.3 Lakh. Its focus areas include Consumer, Road Transport Tech, Parking and Parking Spot. Its competitors include ParkingPal, SimplyGuest, SimplyPark, Parkiez and YoParker.
Company details
Founded in 2019 in Mumbai, India, the platform operates in the peer-to-peer parking sector. Vacant parking spaces are listed by owners for rental income, while users locate and reserve nearby spots via a mobile app. Services include online payments and community-driven bookings, facilitating urban parking solutions across the region.
- Headquarters Mumbai, India
- Founders Anil Kumar Gupta, Aakash Gupta
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website otopark.in
- Social LinkedIn X Facebook
- Acquired by Park Plus (Jun 2022)
- Legal Name Otopark Technological Services Private Limited
- Date of Incorporation 01 Mar, 2019
- Jurisdiction Bilaspur, Chhattisgarh, India
Associated legal entities of otopark
otopark operates through Otopark Technological Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Otopark Technological Services Private Limited CIN U72200CT2019PTC009112 | Active | 01 Mar 2019 | Bilaspur, Chhattisgarh | ₹0.1 Cr | – | 2 | View details |
Investors in otopark
otopark has secured backing from 1 investor. Prominent investors backing the company include Park Plus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Smart parking and mobility solutions are provided via online platform. | 2019 | parkplus.io | Gurugram, India |
Investor details for otopark
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Board of directors of Otopark Technological Services Private Limited (otopark)
Otopark Technological Services Private Limited is the primary company behind otopark. The board of Otopark Technological Services Private Limited currently have 2 directors; the longest-serving is Sandeep Kaur Aulakh, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Kaur Aulakh DIN 09813171 | Director | 02 Dec 2022 | 3 yrs 10 mo | Otopark Technological Services Private Limited |
| Babasaheb Chetan Sarvagod DIN 09805177 | Director | 02 Dec 2022 | 3 yrs 10 mo | Otopark Technological Services Private Limited |
People of otopark
2 people are tracked at otopark (2 in leadership).
| Name | Role | Group |
|---|---|---|
Anil Kumar Gupta | Co-Founder | Leadership |
Aakash Gupta | Founder & CEO | Leadership |
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Financials of otopark
Figures of Otopark Technological Services Private Limited, the primary company behind otopark, for FY 2023. Revenue was ₹10.3 Lakh (-64% year on year). Net profit was ₹71,060 (7% margin). EBITDA was ₹71,248 (7% margin). Revenue has grown at a compounded annual rate of +490% over three years.
- ₹10.3 LakhRevenue · FY 2023 · -64% YoY
- ₹71,060Net profit · 7% margin
- ₹71,248EBITDA · 7% margin
- ₹1 LakhPaid-up capital
- +490%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Otopark Technological Services Private Limited are on its company page.
Detailed financial statements for otopark
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Timeline of otopark
2 dated milestones of otopark across 3 years, from founding to its latest funding, stage changes and deals.
- Founded otopark is founded.
- Exit Acquired by Park Plus.
Competitors of otopark
otopark has 5 listed competitors in our database. They include ParkingPal, SimplyGuest, SimplyPark, Parkiez and YoParker, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| parkingpal.in | 2021 | Pune, India | – | – | App-based platform for booking parking spots | |
| simplyguest.com | 2015 | Bengaluru, India | – | – | Provides managed furnished residential accommodations for short-term stays. | |
| simplypark.in | 2015 | Delhi, India | – | – | An online portal for easily finding and booking parking spaces. | |
| parkiez.com | 2019 | Pune, India | – | – | Facilitates online peer-to-peer booking of parking spaces. | |
| yoparker.com | 2018 | Delhi, India | – | – | An online peer-to-peer marketplace for renting parking spaces. |
Detailed competitors of otopark
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Top companies in Road Transport Tech
10 companies that operate in the same segment as otopark (Road Transport Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
An online platform providing ride-hailing and food delivery services | 2009 | San Francisco, California, United States | USD 13.21 B | USD 52.02 B | 31,100 | |
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.84 B | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 813.93 M | USD 19.11 M | 660 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Bus tickets are booked online via portal and mobile app. | 2006 | Bengaluru, Karnataka, India | USD 10 M | – | – | |
App-based ride-hailing aggregator | 2007 | San Francisco, California, United States | USD 5.02 B | USD 6.32 B | 2,930 |
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Related news about Otopark
Complete news archive for otopark
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Frequently Asked Questions about otopark
otopark was founded in 2019.
otopark is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Aakash Gupta is the current CEO of otopark. They have also founded this company.
The primary company behind otopark, Otopark Technological Services Private Limited, reported revenue of ₹10.3 Lakh for FY 2023, down 64% year on year.
Founded in 2019 in Mumbai, India, the platform operates in the peer-to-peer parking sector. Vacant parking spaces are listed by owners for rental income, while users locate and reserve nearby spots via a mobile app. Services include online payments and community-driven bookings, facilitating urban parking solutions across the region.
otopark's top competitors include ParkingPal, SimplyPark and YoParker.
otopark has 1 investor. Key investors include Park Plus.
otopark operates through Otopark Technological Services Private Limited.
Yes. otopark was acquired by Park Plus in June 2022.
The legal entities of otopark currently have 2 directors, including Sandeep Kaur Aulakh, Babasaheb Chetan Sarvagod.