Angel Investments
Parking solutions startup Blyp raises Rs.50-L bridge round investment
Noida-based Blyp , (formerly ParkMate), a parking solutions startup, has raised INR 50 lakh (around USD 60,000) in a bridge funding round from entrepreneur Sandesh Sharda. The company maintains an operational foothold across the Delhi-NCR region.Founded in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp offers digital parking management solutions for residential, corporate, commercial, and public parking. The platform allows users to book parking slots, use valet services, and make digital payments via its app.The fresh funds will be used for growth initiatives, including enhancing its core app-based parking and valet technology platform, expanding operations into major metro and Tier-II cities across India, and onboarding new clients such as malls, corporate campuses, and institutional facilities.
Between Jun 2024 and Nov 2024, ParkMate had attracted about USD 1 M from Cactus Venture Partners, Z Nation Lab, and others.
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