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Havish Gupta

Figuring Out • 1y

Finding parking spots in metro cities is very challenging. Even Amit Lakhotia, former VP at Paytm, faced this issue. He sometimes had meetings scheduled at 10, and struggled to find parking at 9:50. Frustrated, he started Park+, which suggests empty parking spots near the user's location and allows users to buy parking tickets online. In many parking spots, Park+ also installs the FASTag ecosystem, enabling users to pay directly with their FASTag balance for a seamless experience. This has helped them gain over 8 million users and ₹200 crores in sales, growing at a 200% CAGR. They have raised $55M with a $350 Million valuation, with Sequoia Capital as investors. Also they have expanded to offer services like paying e-challans, buying and recharging FASTag, booking car services, car washing, insurance, car trading, and even an e-comm store for car-related items. Thus, they are a one-stop solution for all your car needs, living up to their tagline, "Your Car App."

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