internet application
Gurugram
500-1000
internet application
Highlights
$37.2 million
Total Funding
Employee Growth
Time to Revert
5 days
Median Time to Shortlist
10 days
Median Time to Interview
No. of female employees
Total Funding
$37 M
Latest Funding
$ M
Series B • Feb 2022
Founders
Investors
Epiq Capital
Deepinder Goyal
Matrix Partners India
Sequoia Capital India
Also Investor At:
Razorpay ,
Cred ,
PineLabs ,
Meesho ,
1MG
About
We at "Park+" are working hard to solve some big, bad and complex parking problems of India. By solving for Parking, we're going after a whitespace that is worth over $5 Billion in India and leveraging the sticky, daily use case that parking is, we want to be the one stop shop for the entire gamut of problems that a car owner might face from the point of purchasing his vehicle to the point of its sale.
In that direction, our suite includes but is not limited to:
- Buy Fastag: We are the first non-banking company in India who are selling FasTag on the app.
- Recharge Fastag : We are the only app in market where you can recharge any FasTag,
- Automatic Parking charges: We are the first company in India who have made malls live with FasTag integration. Now one can pay Parking charges seamlessly through FasTag just like at Tolls.
- Daily Car Wash: An entire platform for providing daily car wash to users right in their societies
- Car service and accessories: Platform to book car services and purchase accessories for car
- Challan services for consumers to discover and resolve their pending vehicle challans digitally
- EV: We are setting up EV charging stations and providing real-time ETAs right. Have partnered with companies like Ather etc.
- Vehicle insurance purchases for consumers through partner integrations
- Real time parking booking in advance along with online payment
- Automated Gate Access Management Solution using RFID Technology
- Park & Shop: Building next-gen offline to online shopping experience.
About our Founder:
Mr. Amit Lakhotia has spent the last 13 years building significantly sized internet businesses across India and SEA. He joined three startups at the senior management level in the early stages and played a critical role in scaling them to multi billion dollar companies. After passing out of IIM Ahmedabad in 2007, he built the B2B business for MakeMyTrip. He had then joined Paytm to build the complete payment business for them from scratch. In 2016, he joined Tokopedia in Indonesia which is equivalent to Flipkart in India. He helped the company grow from $500M to $7B (14x) in a span of 2.5 years.
What Park+ does:
At Park+, we want to build a super app for car owners in India. A car is typically every Indian's second most prized asset and we are building a one stop shop to help manage that asset. Beginning with Parking, which is one of the biggest issues that a car owner faces everyday, we aim to solve all use cases between the point of purchase and the point of sale of a car. On nearly every trip, one spends 10-15 mins figuring out parking. This leads to wastage of fuel, time and creates mental stress for the car owners. Building on this, we have been working actively in Delhi NCR, Mumbai and Bangalore acquiring parking slots and cars. We digitise parking slots in the corporate buildings as well as places around these offices. We have been using a host of technologies - RFID, camera based, sensors and handheld devices (depending upon the location) to detect the real time availability of parking slots. We put our RFID tag on the car and we are putting RFID installations - boom barriers and RFID tag readers across various institutions. This allows a consumer to discover real time availability of parking space on our app within his office and its vicinity.
Current Traction: Right now we have about 8,00,000 cars with tags in NCR and about 60,000 slots. Some of the biggest corporate setups like Airtel HQ, Blackstone, Brookfield, DLF, Spaze, Vatika, SP Infocity are already working with us. All employees of Royal Bank of Scotland across India carry our tags on their cars. The consumer app already has 800K+ downloads with an average rating of 4.5*
Investors: We have closed the investment round with two marquee VCs including Matrix Partners and Sequoia Capital. Some of the other marquee investors include founders of unicorns like MakeMyTrip, BookMyShow, Snapdeal and CRED.
Perks and Benefits at Park+
- Top 3 in Delhi NCR in terms of compensation
- Appraisal twice/year - based on performance
- 6 offices in india
- 5 days working week
- flexible working culture
Recent Jobs at Park+View All
Backend SDE2 · Posted more than a month ago
Full-Time · Gurugram · 0-42L
Product Manager · Posted more than a month ago
Full-Time · Gurugram · 0-45L
Backend SDE3 · Posted more than a month ago
Full-Time · Gurugram · 0-65L
Not able to find the Job you are looking for?
Upload your resume and we will notify you as they are posted
Highlights
$37.2 million
Total Funding
Employee Growth
Time to Revert
5 days
Median Time to Shortlist
10 days
Median Time to Interview
No. of female employees
Total Funding
$37 M
Latest Funding
$ M
Series B • Feb 2022
Founders
Investors
Epiq Capital
Deepinder Goyal
Matrix Partners India
Sequoia Capital India
Also Investor At:
Razorpay ,
Cred ,
PineLabs ,
Meesho ,
1MG
About
We at "Park+" are working hard to solve some big, bad and complex parking problems of India. By solving for Parking, we're going after a whitespace that is worth over $5 Billion in India and leveraging the sticky, daily use case that parking is, we want to be the one stop shop for the entire gamut of problems that a car owner might face from the point of purchasing his vehicle to the point of its sale.
In that direction, our suite includes but is not limited to:
- Buy Fastag: We are the first non-banking company in India who are selling FasTag on the app.
- Recharge Fastag : We are the only app in market where you can recharge any FasTag,
- Automatic Parking charges: We are the first company in India who have made malls live with FasTag integration. Now one can pay Parking charges seamlessly through FasTag just like at Tolls.
- Daily Car Wash: An entire platform for providing daily car wash to users right in their societies
- Car service and accessories: Platform to book car services and purchase accessories for car
- Challan services for consumers to discover and resolve their pending vehicle challans digitally
- EV: We are setting up EV charging stations and providing real-time ETAs right. Have partnered with companies like Ather etc.
- Vehicle insurance purchases for consumers through partner integrations
- Real time parking booking in advance along with online payment
- Automated Gate Access Management Solution using RFID Technology
- Park & Shop: Building next-gen offline to online shopping experience.
About our Founder:
Mr. Amit Lakhotia has spent the last 13 years building significantly sized internet businesses across India and SEA. He joined three startups at the senior management level in the early stages and played a critical role in scaling them to multi billion dollar companies. After passing out of IIM Ahmedabad in 2007, he built the B2B business for MakeMyTrip. He had then joined Paytm to build the complete payment business for them from scratch. In 2016, he joined Tokopedia in Indonesia which is equivalent to Flipkart in India. He helped the company grow from $500M to $7B (14x) in a span of 2.5 years.
What Park+ does:
At Park+, we want to build a super app for car owners in India. A car is typically every Indian's second most prized asset and we are building a one stop shop to help manage that asset. Beginning with Parking, which is one of the biggest issues that a car owner faces everyday, we aim to solve all use cases between the point of purchase and the point of sale of a car. On nearly every trip, one spends 10-15 mins figuring out parking. This leads to wastage of fuel, time and creates mental stress for the car owners. Building on this, we have been working actively in Delhi NCR, Mumbai and Bangalore acquiring parking slots and cars. We digitise parking slots in the corporate buildings as well as places around these offices. We have been using a host of technologies - RFID, camera based, sensors and handheld devices (depending upon the location) to detect the real time availability of parking slots. We put our RFID tag on the car and we are putting RFID installations - boom barriers and RFID tag readers across various institutions. This allows a consumer to discover real time availability of parking space on our app within his office and its vicinity.
Current Traction: Right now we have about 8,00,000 cars with tags in NCR and about 60,000 slots. Some of the biggest corporate setups like Airtel HQ, Blackstone, Brookfield, DLF, Spaze, Vatika, SP Infocity are already working with us. All employees of Royal Bank of Scotland across India carry our tags on their cars. The consumer app already has 800K+ downloads with an average rating of 4.5*
Investors: We have closed the investment round with two marquee VCs including Matrix Partners and Sequoia Capital. Some of the other marquee investors include founders of unicorns like MakeMyTrip, BookMyShow, Snapdeal and CRED.
Perks and Benefits at Park+
- Top 3 in Delhi NCR in terms of compensation
- Appraisal twice/year - based on performance
- 6 offices in india
- 5 days working week
- flexible working culture
Recent Jobs at Park+View All
Backend SDE2 · Posted more than a month ago
Full-Time · Gurugram · 0-42L
Product Manager · Posted more than a month ago
Full-Time · Gurugram · 0-45L
Backend SDE3 · Posted more than a month ago
Full-Time · Gurugram · 0-65L
Not able to find the Job you are looking for?
Upload your resume and we will notify you as they are posted