Car services management app Park+ raises Rs. 140 crores in funding

On Tuesday, car services management app Park+ said it has raised Rs 140 crore in a funding round led by Epiq Capital, Matrix Partners India, and Sequoia Capital India.

Park+ has over 700 employees across India. The company helps users find a parking spot, track challans, recharge FASTag, renew insurance, car cleaning, car maintenance, etc.

The company plans to utilize the fund to expand its presence to over 100 cities, to hire more than 200 employees, and expand its services verticals, Park+ said in a statement.