Mumbai: Park+, an app for car users, has raised $25 million in a Series B funding round co-led by Sequoia Capital India, Matrix Partners India and Epiq Capital.

With this capital infusion, the company is planning to scale its market share of cars from 6% to 15% in the next three quarters along with geographical expansion. INWhile the company started operations by providing parking services, it has widened its offerings after the Covid-19 pandemic. The startup has 800 employees, of which 50% are in sales and operations. Founded in 2019 by Amit Lakhotia, Park+ is an ecosystem that solves the daily challenges faced by car owners ranging from parking, FASTag management, car insurance, automated vehicle access control systems in malls, corporate parks and residential apartments.

Park+ Gets $25 Million From Sequoia, Matrix, Epiq And Others

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Park+ Gets $25 Million From Sequoia, Matrix, Epiq And Others

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