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. 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
- Founders Rishabh Nagpal, Prateek Garg, Rahul Gupta, Ratan Anmol Sethi, Vishva Sharma
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website parksmart.in
- Social LinkedIn X Facebook YouTube
- Legal Name Parksmart Technologies Private Limited
- Date of Incorporation 05 Dec, 2019
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹7.21 Cr
FY 2024 · +162% YoY
- Net Loss-₹1.53 Cr
FY 2024 · -21% margin
- EBITDA-₹1.52 Cr
FY 2024 · -21% margin
- Total Equity Funding$906.76K (USD)
in 4 rounds
- InvestorsGruhas
& 14 more
- Employee Count27
Associated legal entities of ParkSmart
ParkSmart operates through Parksmart Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Parksmart Technologies Private Limited CIN U74999DL2019PTC358401 | Active | 05 Dec 2019 | New Delhi, Delhi | ₹7.2 Cr | 27 | 3 | View details |
Products & Services of ParkSmart
ParkSmart offers a comprehensive portfolio of products and services, including Controller, ANPR Camera, Barrier Gate, POS Device, and ParkSmart Dashboard.
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.
Apps and channels of ParkSmart
ParkSmart publishes 1 mobile app with over 10K+ downloads; its YouTube channel ParkSmart 🚘 has 108 subscribers and 3 videos.
Videos from ParkSmart
The most watched videos on ParkSmart's YouTube channel, ParkSmart 🚘 (108 subscribers). Click a video to play it here.
More on ParkSmart 🚘.
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 $906,757
- Total Rounds 4
- First Round $199,723
(Jul 2020)
- Investors Count 15
All 4 funding rounds of ParkSmart with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | – | Seed | – | Hiro Mashita | |
| Mar 2023 | $607,730 | Seed | $3.27M | Gruhas, SGgrow | |
| Apr 2021 | $99,304 | Seed | $1.08M | Campus Fund, Shireen Rangaswamy | |
| Jul 2020 | $199,723 | Seed | – | ah! Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $3.27M | •••••••• |
| Apr 2021 | $1.08M | •••••••• |
Last known valuation $3.27M (Mar 2023). 15 investors in total: 9 institutional and 6 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in technology-driven innovations and partnerships in India. | 2021 | gruhas.com | Bengaluru, India | |
- | – | kskangel.com | - | |
Student-led startups are invested in by this venture capital firm. | – | yourcampusfund.com | Bengaluru, India | |
Private equity firm focused on multiple sectors | – | dginvestments.tcc.mode | - | |
Angel network focused on tech startups | 2015 | themarwariangels.com | Hyderabad, India | |
Serves as a value-added, strategy-focused real estate fund. | 2009 | sincapital.com | Singapore, Singapore | |
Foundation focused on equitable, and democratic society | 2016 | anubhutitrust.org | Mumbai, India | |
- | – | sggrow.tcc.mode | - | |
Fundraising is enabled for startups through an investor connection platform. | – | ahventures.in | Mumbai, India | |
HM Hiro Mashita | - | – | unknown_4f7f598ef84443f2a | - |
Investor details for ParkSmart
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Parksmart Technologies Private Limited (ParkSmart)
Parksmart Technologies Private Limited is the primary company behind ParkSmart. The board of Parksmart Technologies Private Limited currently have 3 directors; the longest-serving is Rahul Gupta, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Gupta DIN 08629948 | Director | 05 Dec 2019 | 6 yrs 10 mo | Parksmart Technologies Private Limited |
| Vishva Sharma DIN 08629949 | Director | 05 Dec 2019 | 6 yrs 10 mo | Parksmart Technologies Private Limited |
| Prateek Garg DIN 08629950 | Director | 05 Dec 2019 | 6 yrs 10 mo | Parksmart Technologies Private Limited |
People of ParkSmart
5 people are tracked at ParkSmart (5 in leadership); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
Rishabh Nagpal | Co-Founder | Leadership |
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for ParkSmart
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ParkSmart
Figures of Parksmart Technologies Private Limited, the primary company behind ParkSmart, for FY 2024. Revenue was ₹7.21 Cr (+162% year on year). Net loss was -₹1.53 Cr (-21% margin). EBITDA was -₹1.52 Cr (-21% margin). Revenue has grown at a compounded annual rate of +161% over three years.
- ₹7.21 CrRevenue · FY 2024 · +162% YoY
- -₹1.53 CrNet loss · -21% margin
- -₹1.52 CrEBITDA · -21% margin
- ₹1.5 LakhPaid-up capital
- 27Employees (provident fund records)
- +161%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Parksmart Technologies Private Limited are on its company page.
Detailed financial statements for ParkSmart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ParkSmart
4 dated milestones of ParkSmart across 5 years, from founding to its latest funding, stage changes and deals.
- Founded ParkSmart is founded.
- Funding First funding round of $200K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| parkhub.com | 2010 | Dallas, United States | $15.61M | 59 | Provider of comprehensive parking management solutions | |
| arrive.com | 2006 | Chicago, United States | $65.3M | 1 | Tech-enabled platform for parking and mobility management solutions is provided. | |
| flashparking.com | 2011 | Austin, United States | $313M | – | Parking management systems are delivered via SaaS-enabled hardware and software. | |
| metropolis.io | 2017 | Los Angeles, United States | $332.92M | 92 | End-to-end parking management solutions are provided via an AI-enabled platform. | |
| reeftechnology.com | 2013 | Miami, United States | $766.48M | 7,150 | REEF is focused on connecting goods and services to local neighborhoods through digital solutions. | |
| t2systems.com | 1994 | Indianapolis, United States | $31M | 176 | Parking management solutions for events and venues are provided. | |
| swarco.com | 1969 | Wattens, Austria | – | 61 | Parking and traffic management solutions are provided globally. |
Detailed competitors of ParkSmart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of ParkSmart
The website of ParkSmart (parksmart.in) receives about 39.8K visits a month.
- Monthly visits39.8K
▲ 15.6% vs previous month
Latest news on Parksmart
Complete news archive for ParkSmart
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.
Similar companies to ParkSmart
10 companies that operate in the same segment as ParkSmart (Road Transport Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
An online platform providing ride-hailing and food delivery services | 2009 | San Francisco, California, United States | USD 13.21 B | USD 52.02 B | 31,100 | |
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.84 B | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 813.93 M | USD 19.11 M | 660 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Bus tickets are booked online via portal and mobile app. | 2006 | Bengaluru, Karnataka, India | USD 10 M | – | – | |
App-based ride-hailing aggregator | 2007 | San Francisco, California, United States | USD 5.02 B | USD 6.32 B | 2,930 |
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Frequently Asked Questions about ParkSmart
ParkSmart was founded in 2019 and raised its 1st funding round 1 year after it was founded.
ParkSmart is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Rahul Gupta is the current CEO of ParkSmart. They have also founded this 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 $199.72K, raised on Jul 2020.
ParkSmart has 27 employees.
The primary company behind ParkSmart, Parksmart Technologies Private Limited, reported revenue of ₹7.21 Cr for FY 2024, up 162% year on year.
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.
ParkSmart's top competitors include Arrive, Parkhub and Metropolis.
ParkSmart offers Controller, ANPR Camera, Barrier Gate, POS Device, and ParkSmart Dashboard.
ParkSmart has 15 investors. Key investors include Gruhas, Anubhuti Trust, Marwari Angels, Hiro Mashita, and Ameet Desai.
The valuation of ParkSmart is $3.27M as of Mar 2023.
ParkSmart operates through Parksmart Technologies Private Limited.