Get My Parking is preparing for an extended Series A round with a target raise of ₹40 crore (approximately $4.21 million). It’s being funded by its current investor, IvyCap Ventures. The round follows a successful June 2025, when the company raised $2.5 million through an independent pitch by IvyCap Ventures in a Series A round. IvyCap’s persistent support underscores the ongoing trust investors place in the company as it expands its efforts to scale the platform for parking, artificial intelligence, and the Internet of Things.

Core business model and operational purpose

The board of directors (BOD) of the company noted that Get My Parking Ltd (GMPL) has approved a fresh market offering of securities with an outlay of ₹40 crore. The startup proposes to sell 7,261 Series A3 compulsorily convertible preference shares (CCPS), according to regulatory filings obtained by Entrackr. 

The individual issue price for these preference shares is ₹55,088 per share, each of which is issued as an A3 compulsorily convertible preference share. These 7,261 preference shares, offered for an aggregate sum of ₹55,088 per share to IvyCap Ventures, will provide the intended investment of ₹40 crore.

The latest extended Series A round, according to financial estimates done by Entrackr based on the company’s filings, values Get My Parking at approximately ₹375 crore. It is a scaling down of the ₹335 crore valuation it had recorded during its previous fundraising round. 

This ₹40 crore capital infusion arrives as a fast-track measure to meet capital expenditure requirements for the ongoing operations. It provides the business with enough operating time to implement its current business approach in its active markets.

The co-founders of Get My Parking, Chirag Jain and Rasik Pansare, launched the company in 2015. The startup specializes in building cutting-edge Internet of Things and Artificial Intelligence-enabled parking management solutions. These technologies enable parking operators and parking facility owners to virtualize physical parking spaces. 

It has an extensive suite of features such as automated entry systems, built-in digital payments infrastructure, and an available parking availability live feed. These technology-driven solutions enable Get My Parking to bring modern features to parking lots, to make them more efficient, and to provide a better user experience.

Financial performance metrics and capital structure

Get My Parking has raised over $12.5 million in total funds from eight rounds of funding since the company’s inception in 2015. After completing this investment of ₹40 crore, IvyCap Ventures will hold the dominant external stake in the company, Get My Parking. The transaction will result in the acquisition of a 31.43% equity stake in the company, giving IvyCap Ventures a strong position on the company’s cap table.

Get My Parking has not yet released its official financial statements for FY 2026; however, its financial results for FY 2024, which are coincident with the last fiscal year ending 31st March 2025, provide insights into its financial health. For FY25, the company reported an operating revenue expansion rate of 22.6%, reaching ₹36.04 crore. 

The company’s net losses also rose in tandem with its revenue growth. Losses for FY25 rose by 66.2% to ₹10.87 crore, mirroring growing spending needed to meet the goals of scaling up. The smart parking and mobility digitization market in India and around the world is populated with some active players. 

Within this technology sector, Get My Parking is rivaling many other well-known startups such as Park+, Parky, Park Smart, and assorted other localized companies. Get My Parking has built its own software and hardware technology stack for parking digitization to distinguish itself in the market against larger players like Park+, Parky, and Park Smart.

Conclusion

Get My Parking’s latest funding round, which closed an extension of its Series A, with a fresh investment of ₹40 crore from IvyCap Ventures, marks an important step in the company’s continued growth. The startup founded by Chirag Jain and Rasik Pansare has also been valued at approximately ₹375 crore, while the total amount raised exceeds $12.5 million, marking continued efforts to establish its operational base. IvyCap Ventures will retain its current position as the largest external shareholder, holding 31.43%, and intends to use the fresh money to strengthen its business operations, along with gathering a share of the market from some of its rivals, including Park+, Parky, and Park Smart, in the digitized parking management sector.