Car services management app Park+ raises Rs. 140 crores in funding

On Tuesday, car services management app Park+ said it has raised Rs 140 crore in a funding round led by Epiq Capital, Matrix Partners India, and Sequoia Capital India.

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Park+ has over 700 employees across India. The company helps users find a parking spot, track challans, recharge FASTag, renew insurance, car cleaning, car maintenance, etc.

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The company plans to utilize the fund to expand its presence to over 100 cities, to hire more than 200 employees, and expand its services verticals, Park+ said in a statement.

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