Home / Companies / News / Car services firm Park+ raises Rs 140 cr in funding for business expansion

Car services firm Park+ raises Rs 140 cr in funding for business expansion

App helps in finding parking, tracking challans, recharging FASTag, car maintenance

New cars are seen at a parking lot of Shanghai Volkswagen's car park in Shanghai

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2 min read Last Updated : Jan 10 2023 | 4:28 PM IST

Park+, an app for car owners, announced the closure of its series C round by raising Rs 140 crore (around $17 million) led by Epiq Capital II. Matrix Partners India & Sequoia Capital India also participated in the round.

The company said it will use the funds to expand in more than 100 cities, hire 200 employees and improve its verticals.

Park+ provides solutions such as finding parking, tracking challans, recharging FASTag, renewing insurance, cleaning and maintenance.

“The confidence shown by our investors in this round is a reflection of their conviction in our business model. We will continue to

Topics : car parking start-up Sequoia Capital Matrix Partners

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