 "New cars are seen at a parking lot of Shanghai Volkswagen's car park in Shanghai")
Park+, an app for car owners, announced the closure of its series C round by raising Rs 140 crore (around $17 million) led by Epiq Capital II. Matrix Partners India & Sequoia Capital India also participated in the round.
The company said it will use the funds to expand in more than 100 cities, hire 200 employees and improve its verticals.
Park+ provides solutions such as finding parking, tracking challans, recharging FASTag, renewing insurance, cleaning and maintenance.
