Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors

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Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors

Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors Epiq Capital, Matrix Partners India and Sequoia India.

Park+ provides car owners with a variety of services such as car parking solutions, FASTag management, paying and viewing challans, car insurance, and locating EV charging stations, among others. The funding will be used by the startup to expand its presence to more than 100 cities by 2023 and to increase its density in existing geographies. Park+ will also use the funds to strengthen its services vertical and develop new business use cases. This year, the funds will also be used to hire 200+ employees in areas such as sales, operations, technology, and business development.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Car ownership solutions platform Park+ raised $17 million as part of a Series C led by existing investors Epiq Capital, Matrix Partners India and Sequoia India.

Park+ provides car owners with a variety of services such as car parking solutions, FASTag management, paying and viewing challans, car insurance, and locating EV charging stations, among others. The funding will be used by the startup to expand its presence to more than 100 cities by 2023 and to increase its density in existing geographies. Park+ will also use the funds to strengthen its services vertical and develop new business use cases. This year, the funds will also be used to hire 200+ employees in areas such as sales, operations, technology, and business development.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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