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 5 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 5 rounds
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Latest Funding Round
$18.06 M (USD), Series C
May 20, 2022
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Investors
Motherson
& 45 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 5 strategic funding rounds. The most recent funding activity was a Series C round of $18.06 million completed in May 2022. 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 5
- Last Round Series C — $18.1M
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First Round
First Round
(04 Sep 2019)
- Investors Count 46
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 | |
| Jan, 2020 | Amount | Series B - Park Plus | Valuation | Rama Advisors , Prudent Wealth Partners |
| 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 |
Investors in Park Plus
Park Plus has secured backing from 46 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Motherson, Matrix Partners India and Peak XV Partners. 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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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 |
| 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Park Plus
Park Plus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include otopark. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Park Plus
| 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 |
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. 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 |
|---|---|---|---|---|
| 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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| 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 Park Plus
Frequently Asked Questions about Park Plus
When was Park Plus founded?
Park Plus was founded in 2019.
Where is Park Plus located?
Park Plus is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Park Plus?
Amit Lakhotia Kumar is the current CEO of Park Plus. They have also founded this company.
Is Park Plus a funded company?
Park Plus is a funded company, having raised a total of $51.82M across 5 funding rounds to date. The company's 1st funding round was a Series B of $280.7K, raised on Sep 04, 2019.
How many employees does Park Plus have?
As of Apr 08, 2024, the latest employee count at Park Plus is 599.
What is the annual revenue of Park Plus?
Annual revenue of Park Plus is $4.98M as on Mar 31, 2022.
What does Park Plus do?
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.
Who are the top competitors of Park Plus?
Park Plus's top competitors include Arrive, Parkhub and Metropolis.
What products or services does Park Plus offer?
Park Plus offers Parking Solutions, FASTag, and Challan Payments.
How many acquisitions has Park Plus made?
Park Plus has made 1 acquisition, including otopark.
Who are Park Plus's investors?
Park Plus has 46 investors. Key investors include Motherson, Matrix Partners India, Peak XV Partners, Redwood Trust, and AdvantEdge.
What is Park Plus's valuation?
The valuation of Park Plus is $147.51M as of May 2022.