About ValetEZ
ValetEZ is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2016 by Vasuta Agarwal, Prashant Chandrasekaran, and Smit Raturi. Parking management is enabled via a tech-integrated platform. ValetEZ has raised $377.35 thousand across 6 funding rounds from investors including Muthu Ananthanarayanan, Avyakt Kumar and Karishma Chauhan. The company has 122 employees. ValetEZ was last valued at $4.11 million in September 2020. Its chief executive, as recorded, is Smit Raturi. Its Indian entity Valetez Services Private Limited reported revenue of ₹10.96 Cr. ValetEZ offers products and services including ValetEZ App and Valet Services. Its focus areas include Consumer, Road Transport Tech, Parking and Valet. Its competitors include ParkMate, Valefy and Ska; 1 of its 3 listed competitors has raised funding.
Company details
Tech-enabled platform for parking management. The platform is integrated with on-ground hardware IoT-devices to offer optimum solutions to clients. It offers modules like online reports, parking admin, and more. Also, it offers features like optimized parking utilization, interactive dashboard, inventory tracking, parking lot management, and more. Platform brings together multiple stakeholders, including parking space owners, operators, and users, to create parking experience. The platform uses real-time occupancy and payment data to optimize parking space usage and improve the parking experience for drivers.
- Headquarters Bengaluru, India
- Employees 122
- Founders Vasuta Agarwal, Prashant Chandrasekaran, Smit Raturi
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website valetez.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Valetez Services Private Limited
- Date of Incorporation 24 Mar, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹10.96 Cr
FY 2024 · +84% YoY
- Net Loss-₹66.8 Lakh
FY 2024 · -6% margin
- EBITDA-₹81 Lakh
FY 2024 · -7% margin
- Total Equity Funding$377.35K (USD)
in 6 rounds
- Latest Funding Round$46.76K (USD), Seed
Sep 2020
- Employee Count122
Associated legal entities of ValetEZ
ValetEZ is associated with 2 registered companies on The Company Check; the primary company is Valetez Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Valetez Services Private Limited CIN U74900KA2016PTC087206 | Active | 24 Mar 2016 | Bangalore, Karnataka | ₹11.0 Cr | 122 | 3 | View details |
| Pzp Parking Llp CIN AAM-4214 | Active | 13 Apr 2018 | Bangalore, Karnataka | 2 | View details |
Products & Services of ValetEZ
ValetEZ offers a comprehensive portfolio of products and services, including ValetEZ App and Valet Services.
App for pre-booking and managing parking spots with real-time updates.
Provides valet parking for seamless vehicle handling and security.
Apps and channels of ValetEZ
its YouTube channel ValetEZ has 16 subscribers.
Funding Insights of ValetEZ
ValetEZ has successfully raised a total of $377.35K across 6 strategic funding rounds. The most recent funding activity was a Seed round of $46.76 thousand completed in September 2020. 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 $377,351
- Total Rounds 6
- Last Round Seed — $46,759
- First Round $77,357
(Jun 2016)
- Investors Count 26
All 6 funding rounds of ValetEZ 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 |
|---|---|---|---|---|---|
| Sep 2020 | $46,759 | Seed | $4.11M | Avyakt Kumar | |
| Mar 2020 | $48,513 | Angel Round | $4.63M | Erinti Venkat Narayanan | |
| May 2019 | $69,607 | Angel Round | $••••• | Erinti Venkat Narayanan | |
| Jul 2018 | $73,058 | Angel Round | $••••• | Sameer Baya | |
| Jul 2017 | $62,057 | Angel Round | $••••• | Muthu Ananthanarayanan, Avyakt Kumar | |
| Jun 2016 | $77,357 | Angel Round | $••••• | Srinivas Kumar Chaitanya |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2020 | $4.11M | •••••••• |
| Mar 2020 | $4.63M | •••••••• |
| May 2019 | $••••• | •••••••• |
| Jul 2018 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
Full valuation and stage history of ValetEZ
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $4.11M (Sep 2020). 26 investors in total: 0 institutional and 26 angel.
Investors in ValetEZ
ValetEZ has secured backing from 26 investors, including angel investors. Prominent investors backing the company include Muthu Ananthanarayanan, Avyakt Kumar and Karishma Chauhan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MA Muthu Ananthanarayanan | unknown_e45d94424f0343c89 | |||
AK Avyakt Kumar | unknown_09c918819a9f4a609 | |||
KC Karishma Chauhan | Angel investor focusing on early-stage Indian startups in tech and consumer sectors. | unknown_0aa136cb893842c08 | ||
CR Chandrakanth Reddy Gopireddy | unknown_b5ee3de4632746e19 | |||
RK Ratish Kumar Nair | unknown_4930ef29401f423ca | |||
DR Divya Rao | Angel investor and entrepreneur, focusing on early-stage Indian startups | unknown_eb02a5a46837469eb | ||
DS Dhiraj Soni | unknown_9100c7e16b394909b | |||
GA Gaurav Aggarwal | unknown_3f1436da3abc43208 | |||
AK Ankit Khandelwal | Founder of Vivoo, angel investor in healthtech and consumer startups | unknown_20062f82348a4161b | ||
DR Divya Rao | unknown_4b5709ef336f4f27a |
Investor details for ValetEZ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Valetez Services Private Limited (ValetEZ)
Valetez Services Private Limited is the primary company behind ValetEZ. The boards of the 2 registered companies of ValetEZ currently have 3 directors; the longest-serving is Vasuta Agarwal, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vasuta Agarwal DIN 07480674 | Director | 24 Mar 2016 | 10 yrs 7 mo | Valetez Services Private Limited |
| Prashant Chandrasekaran DIN 07480673 | Designated Partner | 13 Apr 2018 | 8 yrs 6 mo | Pzp Parking Llp, Valetez Services Private Limited |
| Smit Kant Raturi DIN 03610375 | Designated Partner | 13 Apr 2018 | 8 yrs 6 mo | Pzp Parking Llp, Valetez Services Private Limited |
People of ValetEZ
3 people are tracked at ValetEZ (3 in leadership); the tracked headcount is 122.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for ValetEZ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ValetEZ
Figures of Valetez Services Private Limited, the primary company behind ValetEZ, for FY 2024. Revenue was ₹10.96 Cr (+84% year on year). Net loss was -₹66.8 Lakh (-6% margin). EBITDA was -₹81 Lakh (-7% margin). Revenue has grown at a compounded annual rate of +104% over three years and +22% over five years.
- ₹10.96 CrRevenue · FY 2024 · +84% YoY
- -₹66.8 LakhNet loss · -6% margin
- -₹81 LakhEBITDA · -7% margin
- ₹4.5 LakhPaid-up capital
- 122Employees (provident fund records)
- +104%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Valetez Services Private Limited are on its company page.
Detailed financial statements for ValetEZ
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of ValetEZ
4 dated milestones of ValetEZ across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ValetEZ is founded.
- Funding First funding round of $77K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $47K.
Competitors of ValetEZ
ValetEZ has 3 listed competitors in our database, 1 of them funded. They include ParkMate, Valefy and Ska.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| parkmate.in | 2021 | Noida, India | $1.54M | 123 | App-based platform for booking valet parking services | |
| valefy.com | 2015 | Gurugram, India | A mobile app for booking valet parking services conveniently. | |||
| ska.in | 2016 | Bengaluru, India | A mobile app that enables users to book valet parking services conveniently. |
Detailed competitors of ValetEZ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of ValetEZ
The website of ValetEZ (valetez.com) receives about 6.7K visits a month.
- Monthly visits6.7K
▲ 3.2% vs previous month
Top companies in Road Transport Tech
3 companies that operate in the same segment as ValetEZ (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 826.75 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
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Frequently Asked Questions about ValetEZ
ValetEZ was founded in 2016.
ValetEZ is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Smit Raturi is the CEO of ValetEZ, as recorded in our data. They have also founded this company.
ValetEZ is a funded company, having raised a total of $377.35K across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $77.36K, raised on Jun 2016.
ValetEZ has 122 employees.
The primary company behind ValetEZ, Valetez Services Private Limited, reported revenue of ₹10.96 Cr for FY 2024, up 84% year on year.
Tech-enabled platform for parking management. The platform is integrated with on-ground hardware IoT-devices to offer optimum solutions to clients. It offers modules like online reports, parking admin, and more. Also, it offers features like optimized parking utilization, interactive dashboard, inventory tracking, parking lot management, and more. Platform brings together multiple stakeholders, including parking space owners, operators, and users, to create parking experience. The platform uses real-time occupancy and payment data to optimize parking space usage and improve the parking experience for drivers.
ValetEZ offers ValetEZ App and Valet Services.
ValetEZ has 26 investors. Key investors include Muthu Ananthanarayanan, Avyakt Kumar, Karishma Chauhan, Chandrakanth Reddy Gopireddy, and Ratish Kumar Nair.
The valuation of ValetEZ is $4.11M as of Sep 2020.
ValetEZ is associated with 2 legal entities: Valetez Services Private Limited, Pzp Parking Llp.