Park +’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Parviom Technologies Private Limited | CIN: U74999DL2019PTC352547
Park+, founded by Amit Lakhotia, is India’s first smart parking and mobility platform, launched in 2017. Headquartered in Gurugram, Park+ integrates IoT-enabled sensors, cashless payments and real-time space availability across 100+ cities, serving over 5,000 parking locations and 2 million monthly users. Its app offers seamless slot booking, digital wallets, and automated entry-exit via ANPR cameras, reducing search time by 70% and traffic congestion in urban areas. Park+ additionally provides EV charging, valet and vehicle care services through a single interface. Backed by Blume Ventures and Elevation Capital, Park+ has raised $30M to date and employs 300+ professionals in technology, operations, and customer experience. Continuous innovation in AI-driven demand forecasting and expansion into logistics fleet parking are driving a 35% annual revenue growth, positioning Park+ as a pivotal enabler of India’s smart city initiatives.
| Founding year | 2017 |
|---|---|
| Headquarters | Gurugram, Haryana, India |
| Valuation | ~$200M (2023) |
| Total Funding | $30M |
| Annual Revenue | ₹180 Cr (FY24) |
| Annual Net Profit | ₹1 Cr (FY24) |
| EBITDA Margin | 2% (FY24) |
| Employees | ~300 (FY24) |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Series A | 2018 | $2M | Blume Ventures |
| Series B | 2020 | $5M | Elevation Capital |
| Series C | 2022 | $15M | Blume Ventures |
- Expand EV charging network to 500+ locations by FY27.
- Integrate AI-driven pricing and slot allocation.
- Launch white-label solutions for commercial complexes.
- Partner with municipal corporations for smart city rollouts.
- Explore IPO post consistent profitability and 15% EBITDA margin.
In 2025, Park+ partnered with a leading automotive OEM to provide bundled parking and maintenance subscriptions in 10 cities.
| Metric | Details |
|---|---|
| Revenue | ₹120 Cr → ₹150 Cr → ₹180 Cr |
| Profit | ₹-5 Cr → ₹-2 Cr → ₹1 Cr |
| EBITDA Margin | -8% → -4% → 2% |
| Employees | 200 → 250 → 300 |
| Funding | $2M → $5M → $15M |
| IPO Status | Private; targeting IPO post strong EBITDA. |
| Expansion Focus | EV charging, AI, smart cities. |
| Latest News | OEM partnership; bundled subscriptions |
Park+’s integrated smart parking and mobility services, coupled with rapid revenue growth and early profitability, highlight its leadership in urban mobility. Expansion into EV infrastructure and municipal partnerships will cement its position and pave the way for a public listing.
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- Inc42 & ET: Park+ FY financials
- Crunchbase & Tracxn: funding history
- Company press: OEM partnership
- Park+ website: platform details
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