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Parkobot raises Rs 2.09 Cr in seed round led by IPV

EntrackrEntrackr ยท 3m 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.

Parking solutions startup Blyp raises bridge round

EntrackrEntrackr ยท 6d 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 ZEE5โ€™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.

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