New Delhi, June 19, 2025 – Get My Parking, a leading Indian smart parking solutions startup, is poised to raise a fresh round of funding at a staggering 90% surge in its valuation, industry sources revealed on Thursday. The news, first reported by startup-focused platform Entrackr, underscores the growing investor confidence in India’s mobility tech sector.
Founded in 2015, Get My Parking has emerged as a frontrunner in addressing urban India’s parking woes through its innovative digital platform. The company’s app and IoT-based solutions enable real-time parking availability, contactless payments, and seamless integration with smart city initiatives. With urban congestion and parking challenges intensifying across cities like Delhi, Mumbai, and Bengaluru, the startup’s technology has found strong traction among malls, offices, and municipal corporations.
While the exact funding amount and investor details remain undisclosed, the significant valuation jump reflects the startup’s robust growth and the broader market’s optimism about smart parking solutions. Industry experts attribute this surge to the increasing adoption of IoT, AI-driven analytics, and contactless technologies in India’s urban mobility ecosystem. The global smart parking market, valued at USD 6.31 billion in 2022, is projected to grow at a CAGR of 17.8% through 2030, and Indian players like Get My Parking are well-positioned to capitalize on this trend.
“Get My Parking’s ability to scale its tech-driven solutions across diverse urban landscapes has made it a standout in the mobility space,” said an industry analyst, requesting anonymity. “This funding round will likely fuel its expansion into newer cities and enhance its product offerings.”
The startup has previously raised funds from investors like Beenext and IAN Fund, with its last reported valuation pegged at around USD 30 million in 2021. The near-doubling of its valuation signals strong market validation and could pave the way for strategic partnerships or international forays.
As India accelerates toward smart city development, Get My Parking’s growth story highlights the critical role of homegrown startups in solving urban challenges. The company’s next steps will be closely watched by investors and policymakers alike, as it gears up to redefine parking management in the country.
Disclaimer: Specific details of the funding round are yet to be officially confirmed by Get My Parking.
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Last Updated on Thursday, June 19, 2025 12:53 pm by pallavibardey
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