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[Funding alert] Park+ raises $25 M in Series B round led by Sequoia Capital, Matrix Partners

Park+, a new smart parking solution startup launched by Amit Lakhotia, ex-VP of Paytm Payments, on Wednesday announced that it has raised ~$25 million in a Series B round co-led by Sequoia Capital India, Matrix Partners India and Epiq Capital. Existing and new investors, including AdvantEdge, Fund II - a series of Somani Investments LP and Motherson Lease Solution Limited, also participated in the round. Founded in July 2019, Park+ is an app-based platform that offers smart, cloud-based automated parking systems for B2B establishments and daily commuters. Last year in January, the startup had raised $11M in Series A round co-led by Sequoia Capital India and Matrix Partners India. {{#error}} {{error}} {{/error}} {{^error}} Something went wrong.

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