P
Parkplus
A subsidiary of Orgenesis, and it provides point-of-care services
About Parkplus
Park+ is a tech startup that has developed an innovative application aimed at solving the common problem of finding parking spaces in crowded cities. The company operates in the automotive and tech industry, serving car users who frequently struggle with locating parking spots in urban areas. The app allows users to find a parking space in less than three seconds, significantly reducing the time and stress associated with this task.
Read full description
The company has recently raised $25 million in a Series B funding round, with contributions from Sequoia Capital India, Matrix Partners India, Epiq Capital, and other investors. This funding indicates strong investor confidence in Park+'s business model and growth potential.
In addition to its parking solution, Park+ has also been recognized for its role in supporting Covid-19 preparedness. The company has developed digital solutions to keep offices and shopping malls safe during the pandemic, demonstrating its ability to adapt and innovate in response to changing market needs.
Park+ makes money by charging users for the convenience of quickly finding parking spaces. The company's revenue model likely includes fees for premium features or services within the app.
In summary, Park+ is a promising startup in the automotive and tech industry, offering innovative solutions for parking and safety during the Covid-19 pandemic. The company has strong backing from reputable investors and has demonstrated its ability to adapt and innovate in a changing market.
At a glance
- Status
- Operational
- Founded
- 2019
- Headquarters
- Gurugram, India
- Employees
- 884
- Open positions
- 1
- Dealroom signal
- 65.8/100
- Industry
- Transportation
- Sector
- Transportation, Parking
- Business model
- SaaS
- Client focus
- b2c
- Investment activity
- 1 company, latest Jun 2022
- Capital deployed
- —
- Preferred round
- ACQUISITION
Latest news
Press, funding announcements and product moves mentioning Parkplus.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Dec 2022 | $16M | $160M | Sequoia · Z47 · Epiq Capital | ↗ |
| SERIES BOther financing | Nov 2021 | $25M | $160M | Motherson Lease Solutions · Sequoia · Advantedge · Somani Investments | ↗ |
Growth signals
Latest recorded traffic for Parkplus is 1M monthly website visits, up 0% over the last three months. Parkplus's team declined 5.3% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
 NofineAI-powered mobile app for interpreting parking signs |
Stockholms kommun, Sweden | Operational | 2 | — | — |
 NealleAutomates the contracting process for monthly parking in Japan |
Tokyo, Japan | Operational | |||
 ParkronA simple and affordable parking app for UAE and Saudi Arabia |
Dubai, United Arab Emirates | Operational | |||
 RolletContactless car payment technology |
Budapest, Hungary | Operational | |||
 BliqWorkflow automation tool for ride-hailing gig workers |
Berlin, Germany | Operational | |||
 Parking Deals AustraliaParking Deals Australia is parking deal & discount platform |
Brisbane, Australia | Operational | |||
 BikeinsideSet of technologies enabling the service areas for bicycles |
Brescia, Italy | Operational | |||
 GoCarPay-as-you-GO Driving |
Ireland | Operational |
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
peercheque
Venture Catalysts
Series A13 investors entered at this stage
Sequoia
Z47
Utsav Somani
Rohit Bansal
Deep Kalra
Rajesh Magow
Ashish Hemrajani
Kunal Bahl
Kunal Shah- ECEpiq Capital
- MSMotherson Lease Solutions
Advantedge- SISomani Investments
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Parkplus on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Parkplus’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.