Park+, a mobile-first car ownership super app, announced its acquisition of Otopark, a community driven parking solution provider which connects people looking for parking spots with people who have spare parking space inventory. Through this acquisition, Park+ has achieved 100% coverage in the Mumbai Metropolitan Region (MMR). Additionally, all Otopark employees will be absorbed by Park+…
Park+ has announced that the platform has raised $25 million in the latest series B funding round led by Sequoia Capital India, Epiq Capital and Matrix Partners India. The round also saw participation from AdvantEdge, Fund II as well as Motherson Lease Solution Limited. Speaking on the annoucement, Amit Lakhotia, Founder and CEO of Park+,…
Park+, a Delhi NCR-based smart parking startup that works toward digitising parking across India, has raised $11 million in a funding round co-led by venture capital funds Sequoia India and Matrix Partners India. Other angel investors that took part in the funding round include Deep Kalra, Rajesh Magow, Ashish Hemrajani, Kunal Shah, Kunal Bahl and…