Rahul Awasthi Park+, which is looking to digitise parking across India, has raised $11 million in a financing round co-led by venture capital funds Sequoia India and Matrix Partners India. Prominent angel investors, including Deep Kalra, Rajesh Magow, Ashish Hemrajani, Kunal Shah, Kunal Bahl and Rohit Bansal also participated in the round. Park+ is a mobile app-based platform that offers an automated parking system as well as a cloud-based security solution for daily commuters, corporates, and commercial establishments. It provides real-time parking discovery, booking, payment and tracking.

— The Economic Times

JoyceLaw advised Park+ led by a team of partner Deepak Joyce and associate Rohit Abraham.

Rajaram Legal advised Matrix Partners and Sequoia Capital led by a team of partner Prasad Subramanyan, senior associate Tanish Gupta and associate Vedanta Chakrabarty.

2020-01-22

Deal value: US$ 11 million

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