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Cactus Partners leads $1.2 Mn round in ParkMate

EntrackrEntrackr · 10m ago
Cactus Partners leads $1.2 Mn round in ParkMate
Medial

Parking management platform ParkMate has raised $1.2 million in a funding round led by Cactus Partners, along with participation from existing investors like Venture Catalysts and the Marwah Group Family Office. The Noida-based company had previously raised $1.2 million from its existing investors. The proceeds will be used to expand its operations, boost the business development team, and accelerate innovation in cutting-edge parking solutions, ParkMate said in a press release. Co-founded in 2021 by Abhimanyu Singh and Dhananjaya Bharadwaj, ParkMate is a parking management solution designed to simplify the process of finding, reserving, and paying for parking spaces. It is often available as a mobile app or platform, providing users with real-time updates on parking availability in specific areas. According to ParkMate, it provides features such as GPS integration, cashless payments, and advanced parking and aims to reduce the hassle of parking in crowded urban environments. Additionally, it offers other services such as reminders for parking durations, secure access to private parking spaces, and eco-friendly initiatives like guiding users to spots that reduce fuel consumption. ParkMate says that its flagship service, DaSH (Drop & Shop), offers guaranteed parking at any location like shopping malls, office complexes, and entertainment hubs. It serves clients including industry giants such as DLF, Phoenix Malls, Indian Army, Ansals API, Unitech Group, Shalby Group, M3M, alongside strategic partnerships with the Uttar Pradesh and Telangana governments.

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).

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.

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.

Tenant experience platform, Aeria, raises $1.8 mn pre-seed round Led by Kalaari, Foundamental

ThehindubusinesslineThehindubusinessline · 1y ago
Tenant experience platform, Aeria, raises $1.8 mn pre-seed round Led by Kalaari, Foundamental
Medial

Singapore-based tenant experience and asset management platform, Aeria, has secured $1.8m in pre-seed funding to expand its presence in Southeast Asia, the Middle East, and other Asian countries. Aeria aims to transform office buildings into an experience by utilising technology and AI. The platform offers a range of solutions, including access and parking management, visitor management, complaint resolution, and community management. Aeria's analytics suite also helps developers and asset managers improve financial performance through data-driven decision-making. The funding reflects the growing demand for proptech solutions in the real estate sector.

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