Get My Parking funding activity is back in focus as Get My Parking, the Bengaluru-based AI and IoT-powered smart parking startup, is set to raise ₹40 crore (approximately $4.21 million) in an extended Series A round from existing investor IvyCap Ventures, as publicly reported on 2026-08-06. The round is structured as Series A3 compulsorily convertible preference shares (CCPS), with the company’s board having passed a resolution to issue 7,261 such shares at an issue price of ₹55,088 each, per its regulatory filing. This fundraise comes more than a year after the company closed a $2.5 million Series A in June 2025, also led by IvyCap Ventures.
Quick Highlights: Get My Parking Funding Round
- Founders: Chirag Jain and Rasik Pansare (founded 2015)
- Lead Investor: IvyCap Ventures (existing investor)
- Investor Background: IvyCap Ventures is a leading homegrown venture capital fund management company, founded by Vikram Gupta in 2011, managing funds leveraged through global alumni ecosystems to build technology-driven companies.
- Post-Deal Stake: IvyCap Ventures will hold 31.43% in Get My Parking following the investment, making it the largest external shareholder.
- Headquarters: Bengaluru, Karnataka
- Announcement Date: 6 August 2026
- Valuation: The round is characterised as being at a flat valuation, as publicly reported; no independently verified figure has been confirmed.
Funding Breakdown
Use of Funds
As per the company’s regulatory filing, the proceeds from this ₹40 crore raise will be used to fund Get My Parking’s business operations. No further granular allocation across specific business verticals has been publicly disclosed for this particular round.
Funding Timeline
Get My Parking has raised over $12.5 million in total funding to date across multiple rounds. Its most recent prior close was a $2.5 million Series A in June 2025, led by IvyCap Ventures, which itself followed a $6 million Series A round in May 2021, also led by IvyCap Ventures with participation from IAN Fund. The current ₹40 crore raise represents the company’s Series A3 tranche, continuing its extended Series A journey with the same lead backer.
Significance
This round underscores IvyCap Ventures’ sustained conviction in Get My Parking at a time when the company is still narrowing the gap between revenue growth and profitability — for the fiscal year ended March 2025, its operating revenue grew 22.6% to ₹36.04 crore, while losses widened 66.2% to ₹10.87 crore. The fact that a lead investor continues to back the startup across multiple tranches of an extended Series A signals confidence in its AI and IoT-driven model for digitising parking infrastructure in a sector that remains largely fragmented. Get My Parking competes with Park+, Parky, and Park Smart, and fresh capital — even directed at general operations — gives it the runway to defend and grow its position. For India’s smart mobility and connected-infrastructure space, continued institutional backing of a pure-play parking tech player like Get My Parking highlights the sector’s long-term investability despite near-term profitability headwinds.
This deal is based on a single publicly available report as of 2026-08-06 and could not be independently confirmed against multiple sources; readers should treat the details as unverified until further corroboration is available.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
