ParkSmart - About the company
ParkSmart is a seed company based in Noida (India), founded in 2019 by Prateek Garg, Ratan Anmol Sethi, Rahul Gupta and Rishabh Nagpal. It operates as a Platform offering smart parking solutions. ParkSmart has raised $1.15M in funding from investors like ah! Ventures, Gruhas and Campus Fund, with a current valuation of $*****. The company has 560 active competitors, including 65 funded and 41 that have exited. Its top competitors include companies like Arrive, Park Plus and Streetline.
Company Details
Platform offering smart parking solutions. It includes automated access control, real-time occupancy monitoring, digital payments, and analytics tools for efficient parking management.
- Website
- www.parksmart.in/
- Social
- Email ID
- *****@parksmart.in
- Registered Address
- F-228 G/F Lado Sarai, Near DDA Flat Road, South West Delhi, NEW DELHI, Delhi, India, 110030
Key Metrics
Founded Year
2019
Location
Noida, India
Stage
Seed
Total Funding
$1.15M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 24, 2023
Investors
Ranked
14th among 560 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
65 as on Jun 30, 2026
Legal entities associated with ParkSmart
ParkSmart is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PARKSMART TECHNOLOGIES PRIVATE LIMITED CIN: U74999DL2019PTC358401 , India, Active | Dec 05, 2019 | 0 - ₹10 Cr (As on Mar 31, 2025) | 57 (As on Nov 01, 2024) |
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ParkSmart's funding and investors
ParkSmart has raised a total funding of $1.15M over 4 rounds. Its first funding round was on Jul 13, 2020. Its latest funding round was a Seed round on Mar 27, 2024 for $*****. 8 investors participated in its latest round. ParkSmart has 9 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of ParkSmart:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 27, 2024 | 7090968 | Seed | 7177612 | 8229998 | 8010515 | 3172528 |
Mar 30, 2023 | 4541877 | Seed | 4700527 | 4678167 | 3160974 | |
Apr 22, 2021 | 1207191 | Seed | 6999095 | 5525681 |
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ParkSmart's founders and board of directors
Founder? Claim ProfileThe founders of ParkSmart are Prateek Garg, Ratan Anmol Sethi, Rahul Gupta and Rishabh Nagpal. Rahul Gupta is the CEO of ParkSmart.
Here are the details of ParkSmart's key team members:
- Prateek Garg: Co-Founder & CTO of ParkSmart and founder of 2 other companies, ParkSmart and Park Smart. They are also an angel investor in 1 startup and serve on the boards of 2 companies.Contact Info: 1 email address and 1 phone number
- Ratan Anmol Sethi: Co-Founder of ParkSmart and founder of 1 other company. Contact Info: 1 email address and 1 phone number
- Rahul Gupta: Co-Founder & CEO of ParkSmart. They serve on the board of 1 company.Contact Info: 1 email address and 2 phone numbers
- Rishabh Nagpal: Co-Founder of ParkSmart and founder of 1 other company. Contact Info: 1 email address and 1 phone number
ParkSmart's Board of Directors
ParkSmart's board has 3 active members. Prateek Garg, Rahul Gupta and Vishva Sharma are part of team.Here is the list of ParkSmart's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 8m | |
Team | - | Current | 6y 8m | |
icypqoz | Team | - | Past | 2y 5m |
View details of ParkSmart's Founder profiles and Board Members
ParkSmart's employee count trend
ParkSmart has 65 employees as of Jun 26. Here is ParkSmart's employee count trend over the years:
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ParkSmart's Competitors and alternates
Top competitors of ParkSmart include Arrive, Park Plus and Streetline. Here is the list of Top 10 competitors of ParkSmart, 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 | 68/100 | |
4th |  FlashParking 2011, Austin (United States), Series D | SaaS-enabled platform offering parking management systems | $314M | 66/100 | |
5th |  Metropolis 2017, Santa Monica (United States), Series D | AI company developing computer vision–powered systems to make parking spaces frictionless | $833M | 61/100 | |
6th | T2 Systems 1994, Indianapolis (United States), Acquired | Provider of parking management software and related technology solutions | $31M | 61/100 | |
7th | Cleverciti 2010, Munich (Germany), Acquired | Provider of smart parking and curb management technology and solutions | $36.6M | 58/100 | |
8th | REEF 2013, Miami (United States), Series D | Platform offering parking management and suite solutions for multiple retail and food businesses | $768M | 57/100 | |
9th |  Autolane 2024, Palo Alto (United States), Seed | Developer of infrastructure for autonomous vehicle coordination, authentication, and access | $7.4M | 51/100 | |
10th | Smart Parking 1993, Birmingham (United Kingdom), Public | Parking booking and solutions provider | - | 50/100 | |
14th | Platform offering smart parking solutions | $1.15M | 48/100 |
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ParkSmart's Latest cap tables and shareholding
Founders (largest shareholder) own 66.54%, Funds own 18.05%, Angels own 7.27% and ESOP Pool own 8.15%. The net worth of ParkSmart's founders is INR 18Cr as of May 24, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 66.54% | 18Cr | 7699041 | 7911431 | 7535886 | 2738914 |
6773393 | 7948554 | 1726534 | 9583701 | 9504365 | 6356744 | |
3559430 | 3866030 | 9232540 | 6342019 | 9905123 | 9246726 | |
7161169 | 9741104 | 1018683 | 7001432 | 4525258 | 4043461 | |
5511404 | 9584220 | 2015054 | 9014469 | 2783348 | 7091356 | |
Fund | 18.05% | 4.87Cr | 5132625 | 2904886 | 7386253 | 3371166 |
346 | 365 | 862 | 785 | 771 | 604 | |
59 | 60 | 41 | 48 | 24 | 10 | |
Angel | 7.27% | 1.96Cr | 2146899 | 2514408 | 9165881 | 7237644 |
80 | 69 | 79 | 93 | 77 | 16 | |
ESOP Pool | 8.15% | 2.2Cr | 1901463 | 9761380 | 9441818 | 5867621 |
Total | 100.00% | 27Cr | 3661119 | 4317126 | 2878928 | 4705376 |
To unlock detailed Cap Table of ParkSmart 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 ParkSmart's Shareholding
ParkSmart's Investments and acquisitions
ParkSmart has made no investments or acquisitions yet.
Reports related to ParkSmart
Here is the latest report on ParkSmart's sector:
News related to ParkSmart
•
ParkSmart secures funding from Japanese Investors and Gruhas – Nikhil Kamath’s Proptech FundHrNxt.com•Mar 27, 2024•ParkSmart, The Grid, Gruhas, AIG and 1 other
•
•
ParkSmart secured Rs 1.5Cr from ah! Ventures and othersTechStory•Jul 13, 2020•ParkSmart, ah! Ventures, The Marwari Angels
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