Parking-tech startup Blyp has raised ₹50 lakh from entrepreneur Sandesh Sharda as part of its bridge round following the pre-Series A phase. The company, earlier known as ParkMate, gained national attention after being showcased on the Shark Tank India episode aired on November 2, where the founders outlined their vision for smarter parking.
Transforming Urban Parking with Technology
Founded in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp provides app-based parking and valet solutions for residential societies, commercial hubs, corporate spaces, and public areas. The platform enables users to book parking slots, request valet services, and pay digitally, reducing chaos and delays in high-density areas.
Where the Funds Will Be Used
The newly raised funds will be utilised to:
- Strengthen its technology stack
- Expand into metro and tier-II cities
- Onboard malls, corporates, and institutional clients
Blyp aims to bring real-time parking availability, automated access, and digital payment systems to make parking seamless and efficient.
Current Reach and Collaborations
Blyp currently operates across Delhi-NCR and select Smart City projects. It partners with malls, RWAs, commercial complexes, and corporate parks to digitise parking allocation, entry management, and revenue tracking through its integrated system.
Competition and Market Position
The company competes with smart mobility and parking platforms such as Park+, Get My Parking, Secure Parking, and legacy municipal parking apps. Blyp differentiates itself by offering a full-stack model that combines parking discovery, valet management, and digital payments on a single platform.
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