Exclusive: Get My Parking to raise fresh funds at 90% valuation surge

Get My Parking, a smart parking solutions startup, is in the process of raising a fresh round of funding at a significantly higher valuation. The company is reportedly seeing a 90% surge in its valuation compared to its previous round. This indicates strong investor interest and confidence in the company's business model and its growth trajectory. Get My Parking provides a technology platform that digitizes and connects parking facilities, allowing for seamless discovery, access, and payment for parking. The new funds will be used to expand its operations in India and international markets, invest in its IoT-based technology, and onboard more parking operators onto its platform. The high valuation reflects the massive market opportunity for smart parking solutions as cities grapple with increasing traffic congestion and the need for more efficient urban mobility.