Park+ finds space for $25m series B

Nov 26, 2021 • Alessia Argentieri

Motherson Lease Solutions backed the parking location app developer in a series B round that valued it at $160m.

India-based parking solutions platform Park+ has received $25m in a series B round featuring equipment rental service Motherson Lease Solutions, the Economic Times reported on Wednesday.

The round, which valued the company at about $160m, was co-led by family office Epiq Capital and venture capital firms Sequoia Capital India and Matrix Partners India, and also backed by VC fund AdvantEdge Founders.

Park+ offers a mobile app that helps people find a parking space for their vehicles. It plans to use…

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