Cloud-based mobile parking startup Get My Parking has secured Series A funding of $3 Mn. The investment in Delhi and Bengaluru headquartered startup was led by IAN Fund, BEENEXT and Indian Angel Network.
The Series A funding will be utilised by Get My Parking to advance their product transformation and business impact.
Earlier this year, in February 2017, Get My Parking secured $1.1 Mn (INR 7.35 Cr) Pre Series A funding round. Prior to that, in January 2016, it had raised an angel funding round of $376K (INR 2.5 Cr) from The Chennai Angels (TCA).
Saurabh Srivastava, co-founder of IAN & Architect and Mentor of IAN Fund, said, “A truly ‘Made in India’ company, Get My Parking is set to revolutionise an untouched part of urban mobility – parking. With several smart city projects on board, Get My Parking is perfectly poised to leverage this huge opportunity with their sharp focus on execution.”
Get My Parking: The Mobile Parking Solution Banking On IoT
Founded in 2015 by IIT Madras alumni Chirag Jain and Rasik Pansare, alumni of FMS Delhi, Get My Parking provides IoT-based mobile parking platform which digitises any type of parking space. Its mobile parking app gives a bird’s eye view of all the legal parking lots and helps users to search, book and navigate to relevant parking across the city.
As claimed by the company in an official statement, Get My Parking can connect and digitise any type of unorganised parking to make it go online and consumer facing, all within 10 minutes.