About ParkSmart
ParkSmart is a company based in Noida (India) founded in 2019 by Rishabh Nagpal, Prateek Garg, Rahul Gupta, Ratan Anmol Sethi, and Vishva Sharma.. ParkSmart has raised $906.76 thousand across 4 funding rounds from investors including Gruhas, Anubhuti Trust and Marwari Angels. The company has 27 employees as of April 09, 2024. ParkSmart offers products and services including Controller, ANPR Camera, Barrier Gate, POS Device, and ParkSmart Dashboard. ParkSmart operates in a competitive market with competitors including Parkhub, Arrive, FlashParking, Metropolis and REEF, among others.
- Headquarter Noida, India
- Employees 27 as on 09 Apr, 2024
- Founders Rishabh Nagpal, Prateek Garg, Rahul Gupta, Ratan Anmol Sethi, Vishva Sharma
- 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 Parksmart Technologies Private Limited
- Date of Incorporation 05 Dec, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$330.57 K (USD)0.05as on Mar 31, 2023
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Net Profit
$-29.38 K (USD)-1413.65as on Mar 31, 2023
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EBITDA
$13.65 K (USD)103.03as on Mar 31, 2023
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Total Equity Funding
$906.76 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
Gruhas
& 14 more
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Employee Count
27
as on Apr 09, 2024
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Products & Services of ParkSmart
ParkSmart offers a comprehensive portfolio of products and services, including Controller, ANPR Camera, Barrier Gate, POS Device, and ParkSmart Dashboard. 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.
AI-enabled device managing parking operations and real-time data.
Camera for automatic vehicle identification and access control.
Gate system for secure entry and exit in parking areas.
Device handling payments and access for parking transactions.
Web dashboard for monitoring and managing parking operations.
Funding Insights of ParkSmart
ParkSmart has successfully raised a total of $906.76K across 4 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 4
- Last Round Last Round
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First Round
First Round
(13 Jul 2020)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - ParkSmart | Valuation | Hiro Mashita | |
| Mar, 2023 | Amount | Seed - ParkSmart | Valuation | Gruhas , SGgrow | |
| Apr, 2021 | Amount | Seed - ParkSmart | Valuation | Campus Fund , Shireen Rangaswamy |
| 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 ParkSmart
ParkSmart has secured backing from 15 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Gruhas, Anubhuti Trust and Marwari Angels. 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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Venture capital firm investing in technology-driven innovations and partnerships in India.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Student-led startups are invested in by this venture capital firm.
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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 ParkSmart
| 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 - ParkSmart
| 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 |
Parksmart Comparisons
Competitors of ParkSmart
ParkSmart 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 |
|---|---|---|---|---|
| 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 Parksmart
Frequently Asked Questions about ParkSmart
When was ParkSmart founded?
ParkSmart was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is ParkSmart located?
ParkSmart is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of ParkSmart?
Rahul Gupta is the current CEO of ParkSmart. They have also founded this company.
Is ParkSmart a funded company?
ParkSmart is a funded company, having raised a total of $906.76K across 4 funding rounds to date. The company's 1st funding round was a Seed of $99.3K, raised on Jul 13, 2020.
How many employees does ParkSmart have?
As of Apr 09, 2024, the latest employee count at ParkSmart is 27.
What is the annual revenue of ParkSmart?
Annual revenue of ParkSmart is $330.57K as on Mar 31, 2023.
What does ParkSmart do?
ParkSmart was founded in 2019 in Noida, India, as a technology platform focused on parking management. Automated access control is provided, along with real-time occupancy monitoring, digital payment options, and analytics tools. Operations target efficient urban parking for commercial and public spaces, supporting data-driven decisions in the mobility sector across India.
Who are the top competitors of ParkSmart?
ParkSmart's top competitors include Arrive, Parkhub and Metropolis.
What products or services does ParkSmart offer?
ParkSmart offers Controller, ANPR Camera, Barrier Gate, POS Device, and ParkSmart Dashboard.
Who are ParkSmart's investors?
ParkSmart has 15 investors. Key investors include Gruhas, Anubhuti Trust, Marwari Angels, Hiro Mashita, and Ameet Desai.
What is ParkSmart's valuation?
The valuation of ParkSmart is $3.27M as of Mar 2023.