Parkobot raises ₹2.09 crore in seed funding from Inflection Point Ventures
Inflection Point Ventures
(IPV). The round also saw participation from high-net-worth individuals.
The Kolkata-based company, which is still in stealth mode, plans to use the capital to expand infrastructure, strengthen its backend systems, and grow its presence in new markets.
Described as an '
Airbnb for parking
', Parkobot enables private parking owners to rent out their unused spaces on an hourly basis through a connected app and proprietary IoT barrier system. The model aims to address urban challenges related to parking availability and road congestion by bringing underutilised private parking slots into the public domain.
The platform operates on a full-stack, in-house tech infrastructure and uses smart automation to streamline parking management.
Parkobot said it currently manages high-footfall locations and has recorded over 20,000 monthly bookings through its
smart parking management
system, which includes pre-booking features and automated boom barriers.
The company's founder, Amrit Choudhury, said the broader objective is to improve urban mobility by offering a decentralised alternative to traditional
parking infrastructure
.
The startup is targeting a total addressable market of $114 billion globally, with India accounting for $9.5 billion of that value, growing at a compound annual growth rate (CAGR) of 6.5 per cent.
Its strategy hinges on offering real-time, location-based booking capabilities while reducing manual oversight.
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