Get My Parking Secures $3 Million in Series A Funding Round2 min readReading Time: 2 minutes
It seems September is our luckiest month this year! We are on cloud nine and we have more than one reason for it. Last week we inaugurated our second office in Bengaluru and crossed 20 million transactions on our platform. Today we have yet another great news to share. We have secured Series A funding of $3 million (Rs.19.20 crores). The participating investors include IAN Fund, BEENEXT, and Indian Angel Network. Previously, we had raised $1.1 million (Rs.7.35 crores) as pre-series A and $376k (Rs.2.5 crores) as angel investment.
Our Co-founder and CEO, Mr. Chirag Jain, happily claimed, “Existing parking experience tends to take a big chunk of time and fuel; this is where Get My Parking delivers a hassle-free parking experience to every automobile owner. Our dedicated team works towards digitization, integration, and automation of the parking industry while simultaneously catering to the global mobility trends.”
Having successfully deployed our technology across 300 locations in Delhi and executed parking at mega events like Kumbh Mela and IPL, we are experiencing unprecedented growth. With this development, we are aiming to upgrade our IoT platform to serve a wider range of stakeholders in the parking ecosystem.
Initially, it was perceived that our products are best suited only for developing countries but surprisingly, we saw huge interest coming from the developed countries also. This is because our platform works like magic when bridging disconnected parking lots to digital mobility solutions at the fraction of other alternatives’ price and time. We are now poised for international growth with contractual partners in 15 countries to cater to the needs of global parking solution. We have recently put our foot in Taiwan where a pilot of our technology with on-street sensors is taking place.
Since our inception, we have strived to make an unmatchable mark in the industry. With a team size of 60 plus, we are endeavouring to advance our product transformation with our agile technology. We have been exceeding challenging milestones through teamwork and innovation with our extremely talented team members who constantly put in their best to ensure GMP’s growth every minute.
With Get My Parking transforming into the industry’s default smart parking platform from a mere idea in just 2 years, we are well poised to make parking a subconscious experience for millions of motorists, globally.