Startup Park+, based out Delhi NCR, gets $11 Million (INR 78.41 Cr) in funding from Matrix Partners, marquee VCs, and Sequoia Capital.
The rise in automobiles has caused a lot of parking issues. Founded by ex-Paytm VP Amit Lakhotia (July 2019), Park+
enables commuters and drivers to find parking spaces in their neighborhoods.
Deep Kalra (Founder, MakeMyTrip) and Rajesh Magow (Co-Founder, MakeMyTrip) were also present in the funding round.
Other notable names that marked their presence were
Ashish Hemrajani (BookMyShow Founder and CEO), Kunal Bahl and Rohit Bansal (Snapdeal Co-founders) among others.
According to Amit Lakhotia, the funds will be used for developing the platform and for the addition of more parking spots.
Awareness regarding the platform will be provided to the users. And people with available vacant parking spots can join the platform and earn additional profit.