Park+ raises $25 million from Sequoia, others

Bengaluru: Parking solutions venture Park+ has raised $25 million in a Series B funding round co-led by

Sequoia Capital India

,

Matrix Partners India

and

Epiq Capital

. Existing and new investors also participated in the round. Amit Lakhotia, founder & CEO of Park+, said the funds would help strengthen plans to expand, hire and deploy skilled operational teams, and build strong offerings on top of existing services. Park+ access control and parking automation solutions are deployed at prime locations including airports, malls and over 3,000 residential apartment gates.