Smart parking startup ParkMate In has secured $1.2 million in a funding round led by Cactus Partners, with participation from Venture Catalysts and the Marwah Group Family Office.
Founded by Abhimanyu Singh and Dhananjaya Bharadwaj, ParkMate’s flagship service, DaSH (Drop & Shop), ensures parking at high-demand locations like malls and offices, tackling urban congestion. With clients like DLF, Phoenix Malls, and the Indian Army, and partnerships with the governments of Uttar Pradesh and Telangana, the company supports India’s Smart City goals.
The funds will fuel expansion, business development, and tech advancements.
The Fame Express congratulates ParkMate on this milestone and wishes them continued success in redefining urban parking!
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