About otopark
otopark is a company based in Mumbai (India) founded in 2019 by Anil Kumar Gupta and Aakash Gupta was acquired by Park Plus in June 2022.. otopark operates in a competitive market with competitors including ParkingPal, SimplyGuest, SimplyPark, Parkiez and YoParker, among others.
- Headquarter Mumbai, India
- Founders Anil Kumar Gupta, Aakash Gupta
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Otopark Technological Services Private Limited
- Date of Incorporation 01 Mar, 2019
- Jurisdiction Bilaspur, Chattisgarh, India
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Funding Insights of otopark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in otopark
otopark has secured backing from 1 investor. Prominent investors backing the company include Park Plus. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Smart parking and mobility solutions are provided via online platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by otopark
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - otopark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Otopark Comparisons
Competitors of otopark
otopark operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ParkingPal, SimplyGuest, SimplyPark, Parkiez and YoParker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
App-based platform for booking parking spots
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| domain | founded_year | HQ Location |
Provides managed furnished residential accommodations for short-term stays.
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| domain | founded_year | HQ Location |
An online portal for easily finding and booking parking spaces.
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| domain | founded_year | HQ Location |
Facilitates online peer-to-peer booking of parking spaces.
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| domain | founded_year | HQ Location |
An online peer-to-peer marketplace for renting parking spaces.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Otopark
Frequently Asked Questions about otopark
When was otopark founded?
otopark was founded in 2019.
Where is otopark located?
otopark is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of otopark?
Aakash Gupta is the current CEO of otopark. They have also founded this company.
What is the annual revenue of otopark?
Annual revenue of otopark is $12.35K as on Mar 31, 2023.
What does otopark do?
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.
Who are the top competitors of otopark?
otopark's top competitors include ParkingPal, SimplyPark and YoParker.
Who are otopark's investors?
otopark has 1 investor. Key investors include Park Plus.