Park+ - About the company
Park+ is a series C company based in Gurugram (India), founded in 2019 by Amit Lakhotia Kumar and Hitesh Gupta. It operates as a Parking management solutions for parking operators. Park+ has raised $51.8M in funding from investors like Peak XV Partners, Epiq Capital Advisors and , with a current valuation of 鈧�2,760颁谤. The company has 564 active competitors, including 63 funded and 37 that have exited. Its top competitors include companies like Arrive, Parkhub and Metropolis.
Company Details
Parking management solutions for parking operators. The platform enables users to find and reserve parking, purchase and recharge FASTags, and more. The app is available for Android and iOS platforms.
- Website
- Social
- Email ID
- @myparkplus.com
- Phone Number
- +91
Legal entities associated with Park+
Park+ is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Jul 11, 2019 | $17.1M (as on Mar 31, 2024) | 550 (as on Mar 31, 2025) |
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Park+'s funding and investors
Park+ has raised a total funding of $51.8M over 5 rounds. Its first funding round was on Sep 04, 2019. Its latest funding round was a Series C round on May 20, 2022 for $18.1M. 9 investors participated in its latest round, lead by Epiq Capital Advisors.
Park+ has 26 institutional investors including Peak XV Partners, Epiq Capital Advisors and . Sequoia Capital is the largest institutional investor in Park+. There are 38 Angel Investors in Park+.
Here is the list of recent funding rounds of Park+:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
May 20, 2022 | $18.1M | Series C | 4527397 | 5262257 | Epiq Capital Advisors, Matrix, and |
Oct 29, 2021 | $23.2M | Series B | 9267586 | 1084368 | |
Jan 28, 2020 | $281K | Series B | 6995771 | 8403566 | , Prudent Wealth Partners, and |
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Park+'s founders and board of directors
The founders of Park+ are Amit Lakhotia Kumar and Hitesh Gupta. Amit Lakhotia Kumar is the CEO of Park+.
Here are the details of Park+'s key team members:
- Amit Lakhotia Kumar: Founder & CEO of Park+ and founder of 1 other company. They are also an angel investor in 9 startups and serve on the board of 1 company.Contact Info:
- Hitesh Gupta: Co-Founder & CTO of Park+ and founder of 1 other company. They serve on the board of 1 company.Contact Info:
Park+'s Board of Directors
Park+'s board has 1 active member. is independent board member.Here is the list of Park+'s board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
pu{rgdc | Independent board member | - | Past | 8y 2m |
wcuaeim | Independent board member | - | Past | 2y 7m |
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Park+'s employee count trend
Park+ has 554 employees as of Feb 25. Here is Park+'s employee count trend over the years:
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Park+'s Competitors and alternates
Top competitors of Park+ include Arrive, Parkhub and Metropolis. Here is the list of Top 10 competitors of Park+, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  2019, Gurugram (India), Series C | Parking management solutions for parking operators | $51.8M | Matrix, Peak XV Partners听&补尘辫;听 | 78/100 |
2nd | _1581412169485.jpeg?height=40&width=40){kind=logo} Arrive 2006, Chicago (United States), Series D | Tech-enabled platform offering parking and mobility management solutions | $65.3M | Baird Capital, Amicus Capital听&补尘辫;听 | 65/100 |
3rd | Parkhub 2010, Dallas (United States), Series B | Provider of comprehensive parking management solutions | $15.6M | 64/100 | |
4th |  Metropolis 2017, Los Angeles (United States), Series C | AI-enabled platform offering comprehensive parking management solutions | $333M | 63/100 | |
5th |  FlashParking 2011, Austin (United States), Series D | SaaS-enabled platform offering parking management systems | $314M | Annox Capital, L Catterton听&补尘辫;听 | 62/100 |
6th | T2 Systems 1994, Indianapolis (United States), Acquired | Parking management for events | $31M | 62/100 | |
7th | REEF 2013, Miami (United States), Series D | Provider of parking management and suite solutions for multiple retail and food businesses | $768M | Oaktree Capital Management, UBS听&补尘辫;听 | 61/100 |
8th | Provider of a parking and traffic management solution | - | 52/100 | ||
9th |  Get My Parking 2015, Bengaluru (India), Series A | Provider of ticketless AI parking management software solution | $10.5M | Acsys Investments, 听&补尘辫;听 | 51/100 |
10th | Platform offering smart parking solutions | $907K | KSK Angel Fund, ah! Ventures听&补尘辫;听 | 50/100 |
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Park+'s Latest cap tables and shareholding
Founders (largest shareholder) own 45.07%, Funds own 40.24%, Enterprises own 1.63% and Angels own 0.99%. The net worth of Park+'s founders is INR 1,240Cr as of Jul 11, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 45.07% | 1,240Cr | 8534740 | 1624302 | 6568728 | 3732269 |
8571935 | 5232446 | 8783987 | 6780420 | 8903556 | 8029450 | |
Fund | 40.24% | 1,110Cr | 3371091 | 1398214 | 5853108 | 5182165 |
0 | 0 | 0 | 0 | 0 | 0 | |
8924 | 4318 | 3258 | 8421 | 9012 | 5556 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 1.63% | 44.9Cr | 1 | 2 | 1 | 4 |
Angel | 0.99% | 27.1Cr | 0 | 0 | 0 | 0 |
Other People | 0.11% | 3.02Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 11.91% | 328Cr | 3364577 | 7983189 | 5607411 | 7199068 |
Other Investors | 0.06% | 1.73Cr | 0 | 0 | 0 | 0 |
Total | 100.00% | 2,760Cr | 1036350 | 8438763 | 9908295 | 1171517 |
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DisclaimerView more details of Park+'s Shareholding
Park+'s Investments and acquisitions
Park+ has acquired otopark. Park+ has not made any investments as of now.
Reports related to Park+
Here is the latest report on Park+'s sector:
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News related to Park+
Media has covered Park+ for a total of 6 events in the last 1 year, 2 of them have been about company updates and 2 about partnerships.
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VCCircle鈥�Feb 12, 2025鈥�Park+
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News18鈥�Jan 08, 2025鈥�Park+
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Asian News International鈥�Jan 07, 2025鈥�Park+
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Entrackr鈥�Nov 18, 2024鈥�Park+
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Devdiscourse鈥�Dec 03, 2023鈥�Park+
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Livemint鈥�Sep 28, 2023鈥�Park+
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