PE-VC Fund Investments
Get My Parking raises $2.5 M led by IvyCap Ventures
New Delhi-headquartered Get My Parking has raised INR 21.6 crore (approximately USD 2.5 million) in an extended Series A funding round led by existing investor IvyCap Ventures with participation of Legacy Assets LLP and others. IvyCap will invest INR 13 crore followed by Legacy Assets which will put in INR 3 crore. The rest will be contributed by Manish Kohli, The Sarvasva Trust and seven individual investors.The funds will be used by the company for meeting its working capital requirements and expansion plans.Founded in 2015 by Chirag Jain and Rasik Pansare, Get My Parking offers smart parking solutions, enabling operators to digitize their parking spaces and manage them efficiently with features like automated entry, digital payments, and live availability updates.
Between Feb-17 and May-21, Get My Parking had attracted about USD 10 M from Get My Parking, Beenext, IAN Fund, Others.
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