Get My Parking raises $6M in a funding round

Bengaluru based, Get My Parking (GMP), a mobility and smart parking startup, announced that it raised USD 6 Million in a funding round on 27th May 2021. The funding round was led by IvyCap Ventures. The round saw the participation of the IAN Fund, which are existing investors in the company.  Masterkey Holdings was the investment banker in this round.

The startup stated that it will use these raised funds to scale its reach in the USA, Australia and LATAM markets. It also plans to use the capital for expanding and hiring a new workforce, with a focus on the product and engineering department.

Words from Investors

Commenting on the funding, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, said, “We are impressed by the Get My Parking (GMP) team and what it has achieved in an underserved sector. We believe in the combination of their talent, technology, and strategy to truly transform the parking and mobility industry globally. Our investment in the company is aimed at helping them in their expansion and growth.”

About Get My Parking

Get My Parking (GMP)  was initiated by Rasik Pansare and Chirag Jain in 2015, headquartered in Bengaluru. It’s IoT platform is an open end-to-end digital enabler for facility managers and parking operators around the world. It makes them offer their final customers’ transaction capability and discovery.

The tech of the startup upgrades physical parking lots into digital hubs with contactless access and online payments. Till now, the GMP has digitised more than 3000 parking lots across India, the US, and Europe.

Get My Parking (GMP) is working very thoroughly with logistics and automotive companies to eliminate the parking puzzle problems and find a new way to get parking lots quickly. Recently the startup announced that it is working in collaboration with Mercedes-Benz to guide end-customers or users in finding and navigating to relevant and accessible parking lots. 

Words from the CEO – 

Speaking about the new development, Chirag Jain, CEO, Get My Parking, said,

“We are very excited for what lies ahead of us. Parking is an under-utilised real estate that is uniquely positioned to serve the changing urban needs. Our technology enables seamless use of parking for shared mobility, storage, and deliveries for e-commerce, EV charging, and on-the-fly automotive services. With our modular, affordable yet cutting-edge technology, we are confident of transforming parking lots into mobility hubs worldwide.”

We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!