When was Park Plus founded?

Park Plus was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is Park Plus located?

Park Plus is headquartered in Gurugram, India. It is registered at B1/H3, Mohan Co-operative, Mathura Rd, Industrial Area, Block B, New Delhi, Badarpur (South Delhi), South Delhi, New Delhi, Delhi, India, 110044.

Which legal entities is Park Plus associated with?

Park Plus is associated with PARVIOM TECHNOLOGIES PRIVATE LIMITED.

How many employees does Park Plus have?

As of Aug 31, 2025, Park Plus has 525 employees, reflecting a 10% year-over-year decline in headcount.

Is Park Plus a funded company?

Park Plus is a funded company, having raised a total of $51.8M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 04, 2019.

How much is Park Plus worth?

The latest valuation of Park Plus is $***** as of Jul 11, 2023. This marks a decline of 2% from its peak valuation of $340M in Sep, 2019. This marks a decline of 2% from its peak valuation of $340M in Sep, 2019.

When was the latest funding round of Park Plus?

Park Plus' latest funding was a $***** Venture Debt round on 2025, with participation from 1 investor. Its primary sector is Road Transport Tech. In India, the Road Transport Tech sector has seen $371M in funding in 2026 to date.

What is the annual revenue of Park Plus?

Annual revenue of Park Plus is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Park Plus rank among its competitors?

Park Plus ranks 2nd amongst 574 active competitors, of which 65 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Metropolis, which secured $500M in Nov, 2025.

Who are the top competitors of Park Plus?

Park Plus' top competitors include Arrive, Streetline and T2 Systems. Among them, Metropolis secured the most recent funding round in November, 2025.

Park Plus - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of vehicle-related services, including FASTag, challan, insurance, and parking. The business offers solutions for vehicle access, parking management, and traffic regulation. It facilitates services, such as FASTag recharge, challan payments, and insurance options. The business delivers parking solutions for corporate, residential, and commercial establishments.

Website: parkplus.io
Social
Email ID: *****@myparkplus.com
Registered Address: B1/H3, Mohan Co-operative, Mathura Rd, Industrial Area, Block B, New Delhi, Badarpur (South Delhi), South Delhi, New Delhi, Delhi, India, 110044

Key Metrics

Founded Year

2019

Location

Gurugram, India

Stage

Series C

Total Funding

$51.8M in 6 rounds

Latest Funding Round

Venture Debt, 2025, $*****

Post Money Valuation

$***** as on Jul 11, 2023

Investors

Peak XV Partners & 63 more

Ranked

2^nd among 574 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

525 as on Aug 31, 2025

Investment & Acquisitions

otopark

Similar Companies

Arrive & 651 more

View Park Plus' full profile

Park Plus is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PARVIOM TECHNOLOGIES PRIVATE LIMITED CIN: U62099DL2019PTC352547 , India, Active	Jul 12, 2019	₹100 - ₹500 Cr (As on Mar 31, 2025)	525 (As on Aug 01, 2025)

Park Plus has raised a total funding of $51.8M over 6 rounds. Its first funding round was on Sep 04, 2019. Its latest funding round was a Venture Debt round on 2025 for $*****. 1 investor participated in its latest round. Park Plus has 27 institutional investors and 37 angel investors.

Here is the list of recent funding rounds of Park Plus:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2025	6795	Venture Debt	8708	5732	3228	2169
May 20, 2022	7117330	Series C	8192870	7080103	1392599	Matrix & 7 more
Oct 29, 2021	6276506	Series B	7304548	2179109	Epiq Capital & 10 more	Rahul Talwar & 12 more

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View details of Park Plus's funding rounds and investors

The founders of Park Plus is Hitesh Gupta.

Here are the details of Park Plus' key team members:

Hitesh Gupta: Co-Founder & CPTO of Park Plus and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses and 2 phone numbers

Park Plus' Board of Directors

Park Plus's board has 2 active members. Amit Lakhotia Kumar is part of team and Sarita Lakhotia is independent board member.

Here is the list of Park Plus' board of directors:

Name	Type	Representing	Status	Duration
mtjmay{	Team	-	Past	8y 3m
plurjqp	Independent board member	-	Past	8y 1m

View details of Park Plus's Founder profiles and Board Members

Park Plus' employee count trend

Park Plus has 525 employees as of Aug 25. The total employee count is 11.0% lower than what it was in Aug 24. Here is Park Plus's employee count trend over the years:

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Top competitors of Park Plus include Arrive, Streetline and T2 Systems. Here is the list of Top 10 competitors of Park Plus, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Arrive 2006, Chicago (United States), Series D	Tech-enabled platform offering parking and mobility management solutions	$65.3M	Hyde Park Venture Partners, Baird Capital ... & 20 others	78/100
2nd	Park Plus 2019, Gurugram (India), Series C	Provider of vehicle-related services, including FASTag, challan, insurance, and parking	$51.8M	Motherson Group, peercheque & 62 others	70/100
3rd	Streetline 2005, San Mateo (United States), Acquired	AI-enabled parking management solution	$59.3M	True Ventures, Citi & 6 others	69/100
4th	T2 Systems 1994, Indianapolis (United States), Acquired	Provider of parking management software and related technology solutions	$31M	Pamlico Capital, Petra Capital Partners & 5 others	67/100
5th	FlashParking 2011, Austin (United States), Series D	SaaS-enabled platform offering parking management systems	$314M	L Catterton, Baird Capital & 11 others	65/100
6th	Metropolis 2017, Santa Monica (United States), Series D	Developer of computer vision technology for automated vehicle parking management	$833M	3L Capital, Zigg Capital & 28 others	61/100
7th	Cleverciti 2010, Munich (Germany), Acquired	Provider of smart parking and curb management technology and solutions	$36.6M	EnBW New Ventures, SPDG Ventures & 8 others	58/100
8th	Get My Parking 2015, Bengaluru (India), Series A	Provider of a platform for digitizing and automating parking services	$13M	IvyCap Ventures, Beenext & 106 others	58/100
9th	REEF 2013, Miami (United States), Series D	Platform offering parking management and suite solutions for multiple retail and food businesses	$768M	Mubadala, SoftBank & 11 others	58/100
10th	Parkhub 2010, Dallas (United States), Series B	Provider of comprehensive parking management solutions	$15.6M	Arrowroot Capital Management, LLR Partners ... & 1 others	55/100

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Founders (largest shareholder) own 45.07%, Funds own 40.23%, Enterprises own 1.63% and Angels own 0.98%. The net worth of Park Plus'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	9783688	5212677	9108535	9286287
Fund	40.23%	1,110Cr	9600113	5964900	9701996	9770933
Peak XV Partners	5965744	4629692	2396141	2131934	9223735	7830092
Epiq Capital	4310	8606	6003	5933	3698	9280
AdvantEdge	0	0	0	0	0	0
Redwood Trust	0	0	0	0	0	0
Enterprise	1.63%	44.9Cr	3	1	2	2
Angel	0.98%	27.1Cr	0	0	0	0
Ashish Hemrajani	0	0	0	0	0	0
Other People	0.11%	3.02Cr	0	0	0	0
ESOP Pool	11.91%	328Cr	5778157	6863089	7804973	2930934
Other Investors	0.06%	1.73Cr	0	0	0	0
Total	100.00%	2,760Cr	2780940	5006368	3631801	2373658