Get My Parking plans Rs 40 crore IvyCap round at flat valuation

Bengaluru-based parking-tech startup Get My Parking is set to raise Rs 40 crore from existing backer IvyCap Ventures in an extended Series A round. The capital is expected to support operations as the company expands digital parking, automated entry and payment solutions for facility operators.

— Source publishedThu, 6 Aug, 2026, 11:41 IST·First seen Thu, 6 Aug, 2026, 11:43 IST·Source Entrackr · Newsletter

What happened

Bengaluru-based AI parking-management startup Get My Parking plans to raise Rs 40 crore from existing investor IvyCap Ventures in an extended Series A round,

Key facts

  • Rs 40 crore
  • $4.21 million
  • 7,261 Series A3 CCPS
  • Rs 55,088 per share
  • Rs 375 crore valuation
  • Rs 335 crore previous valuation
  • $12.5 million raised to date
  • 31.43% IvyCap Ventures stake
  • FY25 operating revenue: Rs 36.04 crore
  • FY25 loss: Rs 10.87 crore
  • FY25 revenue growth: 22.6%
  • FY25 loss increase: 66.2%

Why this matters

The funding gives Get My Parking added runway to deepen integrations with parking operators, real-estate owners and mobility partners, creating potential partnership or acquisition relevance for firms building smart-infrastructure platforms.

What to watch

  • Formal closing terms of the IvyCap round, including whether additional investors join and whether the Rs 40 crore is fully funded.
  • FY25 and FY26 loss trajectory, cash burn, gross margin and evidence of improving contribution economics per site.
  • Number and quality of signed deployments at malls, airports, hospitals, commercial parks and municipal parking operators.
  • Growth in recurring revenue, payment transactions, parking sessions, take rate and customer retention.
  • New partnerships with access-control hardware providers, payment networks, EV-charging operators, retail landlords or mobility platforms.
  • Any indication of delayed vendor payments, reduced rollout pace, layoffs, bridge financing or a subsequent valuation reset.
  • Prioritize deployments with large, repeatable vehicle volumes such as malls, airports, hospitals, IT parks and mixed-use developments.
  • Shift commercial contracts toward recurring software, transaction-fee and revenue-share structures rather than one-time hardware implementation revenue.
  • Use the funding to improve uptime, payment success rates, automated enforcement and operator dashboards, which are critical to renewals.
  • Bundle parking access with EV-charging, reservations, valet management and retail promotional integrations to raise revenue per location.
  • Conserve capital by focusing on expansion within existing operator networks and standardizing hardware procurement and installation.

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