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Parking solutions startup Blyp raises bridge round

EntrackrEntrackr · 25d ago
Parking solutions startup Blyp raises bridge round
Medial

Parking solutions startup Blyp has raised Rs 1.5 crore in a bridge round and featured on Zee TV and ZEE5’s startup show IdeaBaaz. The brand was showcased on the episode aired on November 2. Blyp has also raised Rs 50 lakh from entrepreneur Sandesh Sharda as part of the current bridge round following its pre-Series A. The proceeds will be used to strengthen technology, expand to metro and tier-II cities, and add malls, corporates, and institutional clients. Founded in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp provides app-based parking and valet solutions. It offers residential, corporate, commercial, and public parking management solutions through its platform. Users can book parking, access valet services, and pay digitally. Blyp currently operates across Delhi-NCR and select smart city projects. It works with malls, RWAs, commercial complexes, and corporate parks to digitise parking allocation, access, and payments. Blyp competes with smart mobility and parking platforms such as Park+, ParkMate (legacy brand reference), Get My Parking, Secure Parking, and local municipal parking apps that digitise parking and valet services. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

ParkMate raises $1.2 Mn led by Cactus Partners

EntrackrEntrackr · 1y ago
ParkMate raises $1.2 Mn led by Cactus Partners
Medial

Car parking solutions provider ParkMate has raised $1.2 million in a new round led by early growth-stage venture fund Cactus Partners. Existing backers such as Venture Catalysts and the Marwah Group Family Office have also participated in the round. According to ParkMate, the funds will be used to ramp up its growth trajectory, invest in its team to win business, streamline its operations, and continue to innovate new solutions. Founded by Dhananjaya Bharadwaj, ParkMate offers smart parking solutions to shopping malls, office complexes, and Hotels in the corporate segment and to parking contractors for government parking spaces. The firm’s exclusive DaSH (Drop & Shop) service claims parking within 2 minutes for car owners at shopping malls, arcades, and business complexes. It counts as DLF, Phoenix Mills, Fun Republic, the UP, and Telangana Governments. Smart cities are another sizeable market for ParkMate. It directly competes with Park+, Get My Parking, Park Smart, and Parky, among others. Park+ is the largest player in this segment. In June, the company ventured into the on-demand driver services segment with Drive+, positioning it as a potential competitor to DriveU, Drivers4Me, Driverzz, PickMyCar, Namma Driver, and Cars24. This marks the eighth investment by Cactus Partners since January 2021. The firm has invested in companies such as Lohum Cleantech, Kapture CX, Vitraya Technologies, AMPM Fashions, Auric, Indigrid Technology, and Rubix Data Sciences (exited).

Parkobot raises Rs 2.09 Cr in seed round led by IPV

EntrackrEntrackr · 4m ago
Parkobot raises Rs 2.09 Cr in seed round led by IPV
Medial

Snippets Parkobot raises Rs 2.09 Cr in seed round led by IPV IoT-based parking startup Parkobot has raised Rs 2.09 crore (around $243K) in a seed round led by Inflection Point Ventures (IPV), with participation from high-net-worth individuals. The funding will be used to expand infrastructure, enter new markets, enhance backend operations, and diversify its product portfolio. Founded by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is currently in stealth mode as it lays the groundwork for scale. It offers a tech-enabled solution that allows users to monetize their private parking spaces through an IoT-powered smart parking space barrier integrated with the Parkobot mobile app. It operates as a real-time, on-demand platform by enabling hourly rentals of unused spots. The platform currently manages over 20,000 bookings each month and is built on a proprietary tech stack that includes scalable IoT devices and an in-house Parking Management System (PMS). It supports automated, pre-booked parking experiences with minimal manual intervention. The startup has already deployed its smart barriers at key high-traffic locations and aims to reduce urban congestion by optimizing underutilized parking spaces.

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