Park+, a new smart parking solution startup launched by Amit Lakhotia, ex-VP of Paytm Payments, has raised ~$25 million in a Series B round co-led by Sequoia Capital India, Matrix Partners India and Epiq Capital. Existing and new investors, including AdvantEdge, Fund II - a series of Somani Investments LP and Motherson Lease Solution Limited, also participated in the round.
Park+ plans to utilise the funds to strengthen its core technology and build out innovative solutions for cars and car owners that can solve all their pain points on a single platform.
