About Park Plus
Park Plus is a company based in Gurugram (India) founded in 2019 by Hitesh Gupta and Amit Lakhotia Kumar. Park Plus has raised $51.82 million across 6 funding rounds from investors including Motherson, Matrix Partners India and Peak XV Partners. The company has 599 employees as of April 08, 2024. Park Plus has completed 1 acquisition, including otopark. Park Plus offers products and services including Parking Solutions, FASTag, and Challan Payments. Park Plus operates in a competitive market with competitors including Parkhub, Arrive, FlashParking, Metropolis and REEF, among others.
- Headquarter Gurugram, India
- Employees 599 as on 08 Apr, 2024
- Founders Hitesh Gupta, Amit Lakhotia Kumar
- Stage Minicorn
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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 Parviom Technologies Private Limited
- Date of Incorporation 12 Jul, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$4.98 M (USD)371.42as on Mar 31, 2022
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Net Profit
-$7.26 M (USD)-151.18as on Mar 31, 2022
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EBITDA
-$7.8 M (USD)-150.33as on Mar 31, 2022
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Total Equity Funding
$51.82 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Motherson
& 46 more
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Employee Count
599
as on Apr 08, 2024
- Investments & Acquisitions
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Products & Services of Park Plus
Park Plus offers a comprehensive portfolio of products and services, including Parking Solutions, FASTag, and Challan Payments.
Platform for booking and managing parking spots efficiently.
Service for electronic toll payments and vehicle access.
Tool for handling traffic fines and bill settlements.
Funding Insights of Park Plus
Park Plus has successfully raised a total of $51.82M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(04 Sep 2019)
- Investors Count 47
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Debt – Venture - Park Plus | Valuation |
investors |
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| May, 2022 | Amount | Series C - Park Plus | Valuation | Epiq Capital Advisors , Sequoia Capital | |
| Oct, 2021 | Amount | Series B - Park Plus | Valuation | Epiq Capital Advisors , AdvantEdge |
Investors in Park Plus
Park Plus has secured backing from 47 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Motherson, Matrix Partners India and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in tech startups and entrepreneurs focusing on growth and late-stage funds in India.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location |
Investments & Acquisitions by Park Plus
Park Plus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include otopark.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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P2P parking spaces are booked through an app-based platform.
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2019 |
Financial Statements - Park Plus
Park Plus Comparisons
Competitors of Park Plus
Park Plus 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 Parkhub, Arrive, FlashParking, Metropolis and REEF, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of comprehensive parking management solutions
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| domain | founded_year | HQ Location |
Tech-enabled platform for parking and mobility management solutions is provided.
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| domain | founded_year | HQ Location |
Parking management systems are delivered via SaaS-enabled hardware and software.
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| domain | founded_year | HQ Location |
End-to-end parking management solutions are provided via an AI-enabled platform.
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| domain | founded_year | HQ Location |
REEF is focused on connecting goods and services to local neighborhoods through digital solutions.
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| domain | founded_year | HQ Location |
Parking management solutions for events and venues are provided.
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Frequently Asked Questions about Park Plus
Park Plus was founded in 2019.
Park Plus is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Amit Lakhotia Kumar is the current CEO of Park Plus. They have also founded this company.
Park Plus is a funded company, having raised a total of $51.82M across 6 funding rounds to date. The company's 1st funding round was a Series B of $23.2M, raised on Sep 04, 2019.
As of Apr 08, 2024, the latest employee count at Park Plus is 599.
Annual revenue of Park Plus is $4.98M as on Mar 31, 2022.
Park Plus was founded in 2019 in Gurugram, India, as an online platform focused on smart parking and mobility solutions within the urban transportation sector. Location-based spot reservations, digital payment options, and real-time parking availability are offered to users. Operations center on connected technologies to manage parking access across urban areas, supporting efficient mobility in Indian cities.
Park Plus's top competitors include Arrive, Parkhub and Metropolis.
Park Plus offers Parking Solutions, FASTag, and Challan Payments.
Park Plus has made 1 acquisition, including otopark.
Park Plus has 47 investors. Key investors include Motherson, Matrix Partners India, Peak XV Partners, Redwood Trust, and AdvantEdge.
The valuation of Park Plus is $147.51M as of May 2022.