Park Plus - About the company
Park Plus is a series C company based in Gurugram (India), founded in 2019 by Amit Lakhotia Kumar, Hitesh Gupta and Siva Chetan. It operates as a Provider of vehicle-related services, including FASTag, challan, insurance, and parking. Park Plus 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 541 active competitors, including 64 funded and 40 that have exited. Its top competitors include companies like REEF, T2 Systems and Parkhub.
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
- Phone Number
- +91 **********
- 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
1st among 541 active competitors
Annual Revenue
₹180Cr as on Mar 31, 2025
Employee Count
525 as on Aug 31, 2025
Investment & Acquisitions
Legal entities associated with Park Plus
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 | $21.3M (As on Mar 31, 2025) | 525 (As on Aug 01, 2025) |
Sign up to download Park Plus' company profile
Park Plus's funding and investors
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 24 institutional investors and 38 angel investors.
Here is the list of recent funding rounds of Park Plus:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2025 | 3883 | Venture Debt | 4395 | 4715 | 7765 | 7183 |
May 20, 2022 | 8994958 | Series C | 5063240 | 1454018 | 4234137 | |
Oct 29, 2021 | 7685200 | Series B | 2618516 | 3578401 |
Access funding benchmarks and valuations. Sign up today!View details of Park Plus's funding rounds and investors
Park Plus' founders and board of directors
Founder? Claim ProfileHere are the details of Park Plus' key team members:
- Amit Lakhotia Kumar: Co-Founder & CEO of Park Plus. They are also an angel investor in 10 startups and serve on the board of 1 company.Contact Info: 1 phone number
- 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 1 phone number
- Siva Chetan: Founders Office of Park Plus and founder of 1 other company.
Park Plus' Board of Directors
Park Plus's board has 1 active member. Sarita Lakhotia is independent board member.Here is the list of Park Plus' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
srhrims | Team | - | Past | 4y 7m |
swptvmy | Independent board member | - | Past | 8y 9m |
mbqjzjy | Independent board member | - | Past | 6y 9m |
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:
Uncover Park Plus' growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Park Plus's Competitors and alternates
Top competitors of Park Plus include REEF, T2 Systems and Parkhub. Here is the list of Top 10 competitors of Park Plus, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of vehicle-related services, including FASTag, challan, insurance, and parking | $51.8M | 71/100 | ||
2nd | REEF 2013, Miami (United States), Series D | Platform offering parking management and suite solutions for multiple retail and food businesses | $768M | 68/100 | |
3rd | T2 Systems 1994, Indianapolis (United States), Acquired | Parking management for events | $31M | 67/100 | |
4th | Parkhub 2010, Dallas (United States), Series B | Provider of comprehensive parking management solutions | $15.6M | 65/100 | |
5th |  FlashParking 2011, Austin (United States), Series D | SaaS-enabled platform offering parking management systems | $314M | 65/100 | |
6th | _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 | 63/100 | |
7th |  Metropolis 2017, Santa Monica (United States), Series D | AI-enabled platform offering comprehensive parking management solutions | $833M | 61/100 | |
8th | Cleverciti 2010, Munich (Germany), Acquired | Smart parking solution provider | $36.6M | 54/100 | |
9th | Platform offering smart parking solutions | $907K | 53/100 | ||
10th | Streetline 2005, San Mateo (United States), Acquired | AI-enabled parking management solution | $59.3M | 52/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Park Plus's competitors? Click here to see the top ones
Park Plus's Latest cap tables and shareholding
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 | 4620431 | 8980711 | 5303881 | 7174506 |
5836640 | 5756671 | 1666321 | 2169746 | 2301169 | 1347752 | |
Fund | 40.23% | 1,110Cr | 2172791 | 3189541 | 4755786 | 8138132 |
0 | 0 | 0 | 0 | 0 | 0 | |
7728856 | 6282315 | 8380076 | 1979976 | 8846746 | 7620307 | |
5199 | 4905 | 2986 | 1989 | 5623 | 6457 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 1.63% | 44.9Cr | 4 | 5 | 3 | 8 |
Angel | 0.98% | 27.1Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.11% | 3.02Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 11.91% | 328Cr | 2838500 | 3420184 | 6775465 | 1685807 |
Other Investors | 0.06% | 1.73Cr | 0 | 0 | 0 | 0 |
Total | 100.00% | 2,760Cr | 5785471 | 2430867 | 7856821 | 7692219 |
To unlock detailed Cap Table of Park Plus Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Park Plus's Shareholding
Park Plus's Investments and acquisitions
Park Plus has acquired otopark. Park Plus has not made any investments as of now.Reports related to Park Plus
Here is the latest report on Park Plus's sector:
News related to Park Plus
Filter this listMedia has covered Park Plus for a total of 4 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
•
•
Esyasoft e-Mobility & Park+ Partner to Deploy 10,000 EV Chargers in IndiaThe Tribune•Dec 15, 2025•Esyasoft, Park Plus
•
•
•
•
Pilgrims will get AI-driven smart parking solutions in Maha Kumbh 2025Asian News International•Jan 07, 2025•Park Plus
•
Zepto Partners With Park+ To Deliver Car Care ProductsSafeguard Financial•Nov 28, 2024•Park Plus, Zepto
•
•
Park+ Introduces On-Demand Driver Hiring Service Following Cars24 PartnershipTechStory•Jun 28, 2024•Park Plus, Cars24
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Park Plus
Explore our recently published companies
- Covoron - Jaipur based, 2025 founded, Unfunded company
- Go 4 Policy - Ahmedabad based, 2022 founded, Unfunded company
- Policy Basket - Palghar based, 2023 founded, Unfunded company
- Iyogi Insuretech Insurance Brokers - Delhi based, 2025 founded, Unfunded company
- Radiant - Kigali based, 2012 founded, Unfunded company
- Doorly Ventures - Bengaluru based, 2024 founded, Unfunded company
