Park+ - About the company
Park+ is a series C company based in Gurugram (India), founded in 2019 by Hitesh Gupta. It operates as a Provider of vehicle-related services, including FASTag, challan, insurance, and parking. Park+ has raised $51.8M in funding from investors like Peak XV Partners, Epiq Capital and Prudent Wealth Partners, with a current valuation of $*****. The company has 574 active competitors, including 65 funded and 44 that have exited. Its top competitors include companies like Arrive, Streetline and T2 Systems.
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
Post Money Valuation
$***** as on Jul 11, 2023
Investors
Ranked
2nd among 574 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
525 as on Aug 31, 2025
Investment & Acquisitions
Legal entities associated with Park+
Park+ is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
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) |
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Park+'s funding and investors
Park+ 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+ has 27 institutional investors and 37 angel investors.
Here is the list of recent funding rounds of Park+:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2025 | 1349 | Venture Debt | 1883 | 6283 | 6303 | 4790 |
May 20, 2022 | 3259785 | Series C | 8433986 | 7974160 | 5861655 | |
Oct 29, 2021 | 8020840 | Series B | 1665826 | 6196615 |
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Park+'s founders and board of directors
Founder? Claim ProfileThe founders of Park+ is Hitesh Gupta.
Here are the details of Park+'s key team members:
- Hitesh Gupta: Co-Founder & CPTO of Park+ and founder of 1 other company. They serve on the board of 1 company.Contact Info: 2 email addresses and 2 phone numbers
Park+'s Board of Directors
Park+'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+'s board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
nmbhred | Team | - | Past | 9y 7m |
xtihavv | Independent board member | - | Past | 1y 1m |
View details of Park+'s Founder profiles and Board Members
Park+'s employee count trend
Park+ 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+'s employee count trend over the years:
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Park+'s Competitors and alternates
Top competitors of Park+ include Arrive, Streetline and T2 Systems. Here is the list of Top 10 competitors of Park+, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1581412169485.jpeg?devicePixelRatio=2&height=30&width=30){kind=logo} Arrive 2006, Chicago (United States), Series D | Tech-enabled platform offering parking and mobility management solutions | $65.3M | 78/100 | |
2nd | Provider of vehicle-related services, including FASTag, challan, insurance, and parking | $51.8M | 70/100 | ||
3rd | Streetline 2005, San Mateo (United States), Acquired | AI-enabled parking management solution | $59.3M | 69/100 | |
4th | T2 Systems 1994, Indianapolis (United States), Acquired | Provider of parking management software and related technology solutions | $31M | 67/100 | |
5th |  FlashParking 2011, Austin (United States), Series D | SaaS-enabled platform offering parking management systems | $314M | 65/100 | |
6th |  Metropolis 2017, Santa Monica (United States), Series D | Developer of computer vision technology for automated vehicle parking management | $833M | 61/100 | |
7th | Cleverciti 2010, Munich (Germany), Acquired | Provider of smart parking and curb management technology and solutions | $36.6M | 58/100 | |
8th | Get My Parking 2015, Bengaluru (India), Series A | Provider of a platform for digitizing and automating parking services | $13M | 58/100 | |
9th | REEF 2013, Miami (United States), Series D | Platform offering parking management and suite solutions for multiple retail and food businesses | $768M | 58/100 | |
10th | Parkhub 2010, Dallas (United States), Series B | Provider of comprehensive parking management solutions | $15.6M | 55/100 |
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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:
News related to Park+
Filter this listMedia has covered Park+ for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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Esyasoft e-Mobility & Park+ Partner to Deploy 10,000 EV Chargers in IndiaThe Tribune•Dec 15, 2025•Esyasoft, Park Plus
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North India healthcare chain Park Hospitals kickstarts IPO plan, appoints bankersVCCircle•Feb 12, 2025•Park Plus
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Maha Kumbh 2025: Park+ Launches Smart Parking System in Prayagraj, Check Benefits InsideNews18•Jan 08, 2025•Park Plus
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Pilgrims will get AI-driven smart parking solutions in Maha Kumbh 2025Asian News International•Jan 07, 2025•Park Plus
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Zepto Partners With Park+ To Deliver Car Care ProductsSafeguard Financial•Nov 28, 2024•Park Plus, Zepto
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Park+ Introduces On-Demand Driver Hiring Service Following Cars24 PartnershipTechStory•Jun 28, 2024•Park Plus, Cars24
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Park+ collaborates with HDFC Bank to unlock a simplified car loan experienceAdgully•May 15, 2024•Park Plus, HDFC Bank
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