Enterprise Tech
ParkMate is a smart parking platform transforming how India parks with real-time valet, Drop & Shop, and automated parking solutions. Founded in 2021, it combines technologies like FASTag, ANPR, GPS tracking, and 360° vehicle imaging to deliver secure, seamless, and app-based parking experiences. With operations across multiple cities, ParkMate is making urban mobility more efficient, eco-friendly, and hassle-free.
This was a category that had seen its fair share of funding, and failures. But when we met Dhananjaya, it was clear he brought a fresh perspective to the space. He had a unique approach to tackling markets that many believed were impossible to crack, and a differentiated way of delivering the solution.
He’s eager, confident, relentlessly positive, and incredibly persistent. He pushes hard and simply doesn’t give up.
ParkMate’s founding team—Dhananjaya Bharadwaj and Abhimanyu Singh—brings a powerful blend of discipline, analytical rigour, and strong operational and financial expertise, giving them a deep understanding of the sector’s challenges and the opportunities for transformation. Their clarity of thought and ability to articulate the problem, the market gaps, and the roadmap for scale reinforced our conviction in their capability to execute.
The Indian parking sector presents a substantial opportunity, with a large base of vehicle owners and a clear need for technology-led modernization.
Conversations with industry stakeholders highlighted a sector on the cusp of digital disruption, creating strong tailwinds for a solution like ParkMate. Equally important, customer references consistently praised the founders for their innovation, customer-centric mindset, and seamless implementation, along with their willingness to expand engagement. With its strong founding team, clear problem-solution fit, large addressable market, and compelling feedback from early customers, ParkMate is well positioned to become a transformative player in the parking ecosystem.
