ParkMate
- Company typePrivate
- Founded2021
- HeadquartersNew Delhi, India
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
ParkMate firmographics
Firmographics- Name
- ParkMate
- Legal name
- PARKMATE SMART PARKING SOLUTIONS PRIVATE LIMITED
- Website
- https://parkmate.in
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
ParkMate industry classification
Industry- Product category
- Smart Parking & Valet Services
- NAICS
- Parking Lots and Garages (812930), Parking Lots and Garages (81293)
- SIC
- Services-Automotive Repair, Services & Parking (7500)
- akta.pro primary industry
- Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC)
- akta.pro secondary industries
- Valet Parking Services (BPABAKAC), Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB)
Keywords
Where ParkMate is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
ParkMate business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Valet Parking Services (B2C & B2B): ParkMate charges users for on-demand valet parking services through its mobile app. For B2B clients, the company provides trained manpower and PMS software to manage valet operations at commercial premises (malls, hospitals, societies), generating fees from enterprise contracts.
- Parking Management & ANPR Gating (B2B): ParkMate installs and manages hybrid parking systems (FASTag + ANPR) for commercial and residential properties, charging setup and/or recurring management fees.
- QR Navigation Integration: QR code-based navigation services offered to societies, hospitals, and malls, likely bundled with parking management contracts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Consumer valet parking via mobile app |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels4 records
ParkMate product offering
Product offeringCore offering
ParkMate provides smart parking solutions in Indian metro cities, combining on-demand valet parking services for individual drivers via a mobile app with B2B parking management infrastructure for malls, hospitals, commercial buildings, and residential societies. Its core offerings include an indigenously developed Hybrid FASTag ANPR automated gating system, a proprietary Valet Parking Management Software (PMS), trained manpower deployment, Drop & Shop valet pickup/delivery, and QR code-based navigation for locating parked vehicles.
Product overview
ParkMate is a smart parking solutions platform offering a portfolio of integrated services. The core offering combines an indigenously developed Hybrid Fastag ANPR System for automated vehicle identification with Valet Parking Services featuring trained manpower and proprietary software for B2B clients. The platform extends with a Drop & Shop convenience module and a QR Code Navigation System for locating parked vehicles. Users interact with the services through the ParkMate mobile application, which serves as the unified interface for booking valets, managing parking, and navigating to parked vehicles. Currently available in select Indian cities including New Delhi, Lucknow, with expansion planned to Hyderabad, Mumbai, and Bengaluru.
Differentiator
Problem solved
Functional benefit
Products and services
- Hybrid FASTag ANPR System
Quantifiable outcome
- An average car driver spends up to 19 minutes finding parking in a metro city, per an IBM survey cited by ParkMate.
Companies that use ParkMate
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
ParkMate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
ParkMate partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- EvolveX (by We Founder Circle)coreEvolveX is a global accelerator programme operated by We Founder Circle. ParkMate was selected into EvolveX, which facilitated its seed funding round and provides acceleration support including mentorship, investor access, and GTM acceleration for early-stage startups.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
ParkMate competitors and assessment
Company assessmentDirect peers
- Park+: Park+ is India's largest smart parking and EV charging platform, operating across 40+ cities with similar ANPR-based access control, valet services, and B2B contracts with malls, offices, and residential societies. It is ParkMate's most direct competitor in the Indian smart parking category.
- Get My Parking: Get My Parking provides a white-label smart parking platform with ANPR, mobile payments, and parking access control sold to operators globally. It competes head-to-head with ParkMate's B2B technology stack (PMS, gating, ANPR) for the same enterprise client base.
- Mypark: Mypark offers smart parking solutions for malls, airports, and commercial complexes in India with mobile-based booking, valet, and ANPR-enabled gating — directly overlapping with ParkMate's B2B value proposition and customer segments.
- Secure Parking: Secure Parking operates managed parking facilities and valet services for commercial real estate in India and select international markets. It competes with ParkMate for the same mall, hospital, and society contracts, with a more established operational footprint.
- ParkSmart India: ParkSmart offers automated parking solutions including ANPR cameras, ticketless entry, and parking guidance systems to commercial and residential clients in India. Its product set overlaps with ParkMate's hybrid FASTag+ANPR gating offering.
Emerging players
- T2 Mobility: T2 Mobility provides valet and chauffeur-driven car services in Indian metros, including on-demand pickup/delivery and corporate mobility solutions. It overlaps with ParkMate's Drop & Shop and B2C valet offering but lacks the B2B ANPR/PMS technology stack.
- NexPark: NexPark provides ANPR-based parking enforcement, access control, and revenue management software to commercial operators in South Asia. Comparable to ParkMate's hybrid ANPR/FASTag gating technology and B2B enterprise sales motion.
Broad incumbents
- EasyPark: EasyPark is a European-headquartered smart parking platform with mobile payments, ANPR, and operator integrations across 4,000+ cities. While not directly competing in India, it represents the global benchmark for the category ParkMate is pursuing and may enter India via partnerships.
- SpotHero: SpotHero is a North American digital parking marketplace and reservation platform serving drivers, operators, and venues. Comparable to ParkMate's consumer-facing app layer and B2B operator partnerships, though focused on North American garages rather than Indian valet operations.
Regional players
- ParkBee: ParkBee is a European operator of underutilized parking capacity, offering a B2B/B2C platform for off-street parking access. Comparable in marketplace and access-control logic to ParkMate's parking management business, though operating in European geographies only.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
ParkMate social profiles
Digital presenceParkMate financial estimates
Financial estimateRevenue estimate
Valuation estimate
ParkMate leadership team
Management profileNumber of profiles
Profiles1 record
ParkMate funding detail
Funding detailFunding overview
Funding rounds3 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ParkMate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ParkMate
What does ParkMate do?
ParkMate provides smart parking solutions in Indian metro cities, combining on-demand valet parking services for individual drivers via a mobile app with B2B parking management infrastructure for malls, hospitals, commercial buildings, and residential societies. Its core offerings include an indigenously developed Hybrid FASTag ANPR automated gating system, a proprietary Valet Parking Management Software (PMS), trained manpower deployment, Drop & Shop valet pickup/delivery, and QR code-based navigation for locating parked vehicles.
Is ParkMate a public or private company?
ParkMate is a private company. It is classified as venture growth investor backed and is currently operating.
When was ParkMate founded?
ParkMate was founded in 2021. It employs 11 to 50 people.
Where is ParkMate based?
ParkMate is headquartered in New Delhi, India, in the Asia region.
How does ParkMate make money?
Three revenue lines are on record. Valet Parking Services (B2C & B2B) is the primary driver. The others are parking Management & ANPR Gating (B2B) and QR Navigation Integration.
Who are ParkMate's main competitors?
Direct peers on record are Park+, Get My Parking, Mypark, Secure Parking and ParkSmart India. Emerging players are T2 Mobility and NexPark. Broad incumbents are EasyPark and SpotHero. ParkBee is listed as a regional player.
Does ParkMate have an API?
No public API is recorded for ParkMate.
What industry is ParkMate in?
ParkMate's product category is Smart Parking & Valet Services. Its primary akta.pro industry code is TLAJAIAC, Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics), with a secondary code of BPABAKAC, Valet Parking Services. Its NAICS code is 812930 and its SIC code is 7500.