ParkSmart

What ParkSmart does

ParkSmart Technologies Pvt. Ltd. is an India-based IoT smart parking management company founded in 2019 and headquartered in New Delhi, operating across seven Indian states including Delhi NCR, Noida, Bangalore, Mumbai, Hyderabad, and Pune. The company builds an integrated hardware-software platform that automates vehicle access and parking operations at residential societies, corporate offices, IT parks, hospitals, hotels, shopping malls, airports, and municipal sites. Its product stack centers on a proprietary AI-enabled Access Controller ('The Brain') that orchestrates in-house-built boom barriers, ANPR cameras, RFID readers, FASTag payment integration, POS devices, and a centralized web dashboard, complemented by a consumer mobile app and a separate tech-enabled valet service sub-brand (ParkSmart Valet).

The platform processes 110,100+ daily transactions across 2,900+ parking locations and 1,300+ managed lots, with 144,200+ vehicles managed and 299,100+ reported users. Its customer base spans 16+ named Indian real estate developers (Puravankara, Brigade, Godrej Properties, Supertech, Casagrand, ATS, BPTP, Gaurs Group, among others), government accounts (Airports Authority of India, Chandigarh Municipal Corporation), healthcare (Fortis Hospital), and retail venues (The Great India Place Mall), plus 1,000+ trained valet drivers operating at 70+ active valet locations.

ParkSmart generates revenue through three primary channels: (1) direct hardware sales of proprietary boom barriers, controllers, ANPR cameras, RFID readers, and POS devices (boom barriers priced from ₹10,000 manual units to ₹150,000 automated systems), (2) B2B SaaS subscriptions for the centralized parking management dashboard on annual terms (quote-based, undisclosed pricing), and (3) recurring valet professional services across multiple Indian cities plus consumer transaction fees from the ParkSmart User App for parking passes, FASTag recharges, and traffic challan payments. The company has raised seed funding from Campus Fund (2021), an earlier angel round from ah! Ventures, and a 2024 multi-investor round led by Japanese investor Hiro Mashita alongside Gruhas Proptech, Sin Growth Partners, and strategic angels, supporting its geographic and product-line expansion.

Name

ParkSmart

Legal name

Parksmart Technologies Pvt. Ltd

Website

https://parksmart.in

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

ParkSmart Technologies is an India-based IoT smart parking management company that sells proprietary hardware (boom barriers, ANPR cameras, RFID, POS) and a B2B SaaS dashboard to residential societies, malls, corporate offices, and government venues, complemented by a tech-enabled valet service operating across seven Indian states.

Ownership category

akta.pro rank

Product category

Smart Parking Management

NAICS

Parking Lots and Garages (81293), Parking Lots and Garages (812930)

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

Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE), Valet Parking Services (BPABAKAC), Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB)

Keywords

• Smart parking management
• IoT parking solutions
• Vehicle access control
• ANPR parking system
• Valet parking services

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Sales: Sale of proprietary parking hardware including AI-enabled controllers, boom barriers, ANPR cameras, RFID readers, access controllers, and POS devices. Hardware is manufactured in-house and sold directly to corporate clients, societies, and commercial establishments.
2. SaaS/Software Platform: B2B SaaS platform subscription for parking management, access control, and operations monitoring. Provides cloud-connected software for managing parking lots, societies, and commercial spaces with real-time data and analytics.
3. Valet Parking Services: Premium valet parking services for hotels, malls, corporate offices, hospitals, and events. Includes tech-enabled valet operations with app-based booking, tracking, and payment processing.
4. Mobile App Services: Consumer-facing mobile app offering monthly parking pass recharges, short-term parking payments, FASTag recharges, and traffic challan payments. Revenue from transaction fees and service charges.
5. Boom Barrier Products: Direct sales of boom barrier systems ranging from basic automatic barriers (₹35,000-₹70,000) to advanced RFID-based and ANPR-integrated systems (₹80,000+).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

ParkSmart sells and operates an end-to-end IoT-based smart parking management platform that combines proprietary hardware (AI-enabled controllers, ANPR cameras, boom barriers, RFID readers, POS devices) with a cloud-connected SaaS dashboard for automated vehicle access control, real-time operations monitoring, and payment collection. The company additionally provides tech-enabled premium valet parking services for hotels, malls, corporate offices, and hospitals, supported by consumer and operator mobile apps.

Product overview

ParkSmart offers a unified smart parking platform combining proprietary IoT hardware and software to digitize and automate parking operations. The core platform centers on the AI-enabled ParkSmart Access Controller (The Controller) which connects hardware components including ANPR cameras, boom barriers, RFID readers, and POS devices, managed through the ParkSmart Dashboard. The ecosystem includes the ParkSmart User App for end consumers to manage passes and payments, and the ParkSmart Valet sub-brand offering technology-enabled valet services with dedicated Valet App and Dashboard. FASTag integration enables automated toll and parking payments.

Differentiator

Problem solved

Functional benefit

Brands

• ParkSmart Valet: Premium valet parking service offering seamless, secure, and professional parking solutions for hotels, malls, corporate offices, hospitals, and events.

Products and services

• ParkSmart Access Controller (The Controller) AI-enabled IoT controller that serves as the central brain of the parking system, connecting all hardware components (boom barriers, ANPR cameras, POS devices) to ensure synchronized, secure operations and real-time automated responses.
• ANPR Access Control Automatic Number Plate Recognition camera system for automated vehicle identification, enabling seamless entry/exit without manual verification through license plate recognition technology.
• Boom Barrier System Automated gate system with horizontal arm for controlling vehicle access at entry and exit points, supporting remote operation and integration with access control systems; available in manual, automatic, RFID-integrated, and ANPR-integrated variants priced from ₹10,000 to over ₹1,50,000.
• RFID Vehicle Access System Radio Frequency Identification reader system enabling authorized vehicle access through RFID tags or cards, providing seamless entry for registered vehicles in residential and commercial complexes.
• POS Device Point-of-sale device for parking payment collection supporting cash, credit/debit cards, and mobile payments, integrated with the parking management system for automated fee collection.
• ParkSmart Dashboard Web-based operations management dashboard providing real-time monitoring of parking occupancy, transactions, vehicle logs, and facility performance metrics for enterprise clients.
• ParkSmart User App Mobile application for end users (car owners) enabling monthly parking pass recharges, parking payments, FASTag recharges, traffic challan payments, transaction history viewing, and vehicle entry/exit notifications.
• ParkSmart Valet Premium tech-enabled valet parking service combining professional attendants with technology-enabled vehicle management through the ParkSmart app, allowing users to pre-book, track, and recall vehicles with instant digital recall functionality; offered to hotels, malls, corporate offices, hospitals, and events.
• ParkSmart Valet App Mobile application for valet operations enabling advance booking, real-time vehicle tracking, and one-tap vehicle recall functionality for seamless valet parking management.
• ParkSmart Valet Dashboard Centralized dashboard for site managers to monitor valet operations, track bookings, manage payments, and oversee valet handovers in real time.

Quantifiable outcome

• 40% faster vehicle flow reported by mall manager after ParkSmart valet implementation
• +2 more outcomes

Named customers23 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature9 records

Scale indicators12 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• JustPark: UK-based parking marketplace and management platform serving residential, commercial, and event parking with both technology and operator services. Comparable business model combining consumer app, B2B SaaS, and operator services.
• Park+: Indian smart parking and car care app offering parking discovery, FASTag recharges, and integrated vehicle services. Competes with ParkSmart on consumer app, FASTag, and access-control layers, especially in residential and commercial segments.
• GetMyP (GetMyParking): India-focused smart parking solutions provider offering IoT sensors, dashboards, and operator SaaS. Overlaps with ParkSmart on target segments (malls, offices, residential) and tech stack.
• Get My Parking: India-based smart parking platform offering IoT hardware (boom barriers, ANPR, sensors) and a SaaS management platform for operators and municipalities. Direct head-to-head competitor with similar hardware-software stack and target verticals across India.

Broad incumbents

• T2 Systems: North American parking management technology provider offering PARCS, permits, enforcement, and analytics for universities, municipalities, and operators. Comparable SaaS-plus-hardware platform for parking operations.
• EasyPark Group: European digital parking payments and management leader operating across multiple geographies. Comparable as an established tech-driven parking platform with mobile payments, ANPR, and SaaS offerings for municipalities and operators.
• Flowbird (Parkeon): Global provider of parking and transport ticketing solutions including pay stations, PARCS, and mobile payment platforms. Comparable as an established hardware-plus-software player in on-street and off-street parking infrastructure.
• ParkMobile: US-leading mobile parking payments app (now part of EasyPark) serving millions of users with reservations and enforcement integrations. Comparable as a consumer-facing mobile parking app with B2B operator partnerships.
• Secure Parking: Asia-Pacific parking operator providing technology-enabled parking management, valet, and facility services across commercial real estate. Comparable as a broader incumbent offering both technology and operational parking services.

Regional players

• WPS Parking India: India operations of WPS, a Dutch parking technology provider offering PARCS, guidance systems, and mobile payments. Comparable regional peer serving Indian commercial real estate and airports with established global technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/ujjawal-yadav-3466442bb
• Xx.com/parksmarthq

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ParkSmart