Chennai Angels invests Rs 2.5 cr in parking technology start-up Agile Parking

The Chennai Angels (TCA) today announced an investment of Rs 2.5 crore in Agile Parking Solutions Private Limited (Get My Parking), engaged in parking technology which digitises parking industry. Sudhir Rao of IndusAge Partners led the investment from The Chennai Angels.

Automotive customers now seek real-time solutions and a triangulation of location, service aggregation, payments and community shared feedback to delight their personal journeys with.

The GmP team is driving towards a platform to delight its customers. Within eight months of commercial operations, they are at the cusp of servicing over a million transactions a month in the NCR region alone", said Rao.

The rise in demand for parking space is crippling the urban infrastructure and causing needless congestion. "We believe only technology and data driven solutions can solve this chronic problem with efficient use of existing parking space." said Chirag Jain of Agile Parking Solutions Private Limited,

Agile Parking Solutions, known by the brand name Get My Parking (GmP), is a New Delhi-based start-up founded by Chirag Jain and Rasik Pansare, who are alumnus of IIT Madras and FMS Delhi respectively.

It is using an approach to solve the rising parking problems and creates cloud based mobile parking technology which makes real time parking information accessible for both, the supply and demand side.

A 25-member team, Get My Parking has already begun the parking revolution in the capital region and will soon change the way motorists drive and park in the majority of metropolitan area.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.