VC Fund Investments
Parking solutions provider Park+ to raise $16-M from existing investors
Gurugram-based parking solutions startup Park+ is to raise over USD 16 million in a Series C round led by Epiq Capital II. Epiq Capital will invest INR 98.12 crore (about USD 12.05 million) while Matrix Partners India and Sequoia Capital India will contribute INR 16.35 crore (about USD 2.01 million) each. Founded in July 2019, Park+ offers smart, cloud-based automated parking systems for B2B (business-to-business) establishments and daily commuters. It aims to set up over 2,000 swapping stations across Delhi NCR, Mumbai, and Bengaluru.
From the Venture Intelligence PE-VC Deal Database: Between Jan-20 and Nov-21, Park+ had raised about USD 35 M from Epiq Capital, AdvantEdge Partners, Matrix Partners India, Sequoia Capital India, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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