Get My Parking to raise fresh funds at 90% valuation surge

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Here’s the summarized information from the provided text:

Fundraising Details

  • Startup: Get My Parking
  • Founders: Chirag Jain, Rasik Pansare
  • Latest Fundraise Series: Extended Series A (Series A2)
  • Amount Raised: Rs 21.6 crore (approximately $2.5 million)
  • Date of Fundraise: Completed recently (specific date not provided)

Investors

  • Lead Investor: IvyCap Ventures
  • Other Participants:
    • Legacy Assets LLP
    • Manish Kohli
    • The Sarvasva Trust
    • 7 other individual investors

Previous Fundraise

  • Previous Round: Series A
  • Amount Raised: $6 million
  • Date of Previous Fundraise: May 2021
  • Valuation Post-Fundraise: Expected to rise to Rs 335 crore (approximately $39 million)

Additional Information

  • Use of Funds: General business needs including working capital and expansion plans.
  • Current Valuation Pre-Fundraise: Rs 177 crore
  • Total Amount Raised Since Inception: Over $10 million
  • Stakeholders:
    • IvyCap Ventures: 15.87%
    • APCOA (Europe’s leading parking operator): 12%

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2025-06-19 10:21:59