Get My Parking (GMP) — a Bengaluru-based mobility and smart parking startup — has raised Rs 43 crore in a fresh funding round led by IvyCap Ventures. Existing investor IAN Fund also participated in this round, while Masterkey Holdings served as the investment banker.
The startup will use the new funds to scale its IoT platform and extend its footprint in the US, LATAM, and Australian markets. It also plans to use the capital for hiring and expanding its team, with a focus on engineering and product departments.