Parking solutions platform Park+ has raised $25 million as part of its Series B funding round led by Sequoia Capital India, Matrix Partners India, and Epiq Capital. Its solutions are deployed in six Indian cities, including Bengaluru and Delhi and Park+ plans to expand its footprint across 25 cities in the next three months. Close to 450,000 cars go through solutions deployed by Park+ daily, Lakhotia told Mint in an interview. Two-year old Park+ provides a comprehensive ecosystem for car owners that solves daily challenges across parking, FASTag management, car insurance, among others. It has deployed its solutions across 1,500 societies, 30 malls and 150 corporate buildings to allow users to find parking.

Source: Mint November 24, 2021 09:35 UTC