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
-
Sectors
Transportation, Automotive & Logistics
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Parviom Technologies Private Limited
- Date of Incorporation 12 Jul, 2019
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
$4.98 M (USD)371.42as on Mar 31, 2022
-
Net Profit
-$7.26 M (USD)-151.18as on Mar 31, 2022
-
EBITDA
-$7.8 M (USD)-150.33as on Mar 31, 2022
-
Total Equity Funding
$51.82 M (USD)
in 6 rounds
-
Latest Funding Round
Not available
-
Investors
Motherson
& 46 more
-
Employee Count
599
as on Apr 08, 2024
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
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 |
|---|---|---|---|---|
|
Investments are made in tech startups and entrepreneurs focusing on growth and late-stage funds in India.
|
Locked | Locked | Locked | |
|
Early-stage ventures are funded by the investment firm.
|
Locked | Locked | Locked | |
|
Venture capital firm investing in startups and providing support programs.
|
Locked | Locked | Locked |
Investor details for Park Plus
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Park Plus
Park Plus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include otopark.
Investment portfolio details for Park Plus
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
P2P parking spaces are booked through an app-based platform.
|
Locked | Locked | 2019 | Locked |
Complete acquisition details for Park Plus
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Park Plus
Detailed financials for Park Plus
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Park Plus Comparisons
Peer comparison for Park Plus
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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 |
|---|---|---|---|---|
| Locked | Locked | Locked |
Provider of comprehensive parking management solutions
|
|
| Locked | Locked | Locked |
Tech-enabled platform for parking and mobility management solutions is provided.
|
|
| Locked | Locked | Locked |
Parking management systems are delivered via SaaS-enabled hardware and software.
|
|
| Locked | Locked | Locked |
End-to-end parking management solutions are provided via an AI-enabled platform.
|
|
| Locked | Locked | Locked |
REEF is focused on connecting goods and services to local neighborhoods through digital solutions.
|
|
| Locked | Locked | Locked |
Parking management solutions for events and venues are provided.
|
Detailed competitors of Park Plus
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Park Plus
Complete news archive for Park Plus
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
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.