Parkobot, a tech startup calling itself the “Airbnb for parking”, has just raised Rs 2.09 crore in a seed round led by Inflection Point Ventures (IPV). The round
Parkobot, a tech startup calling itself the “Airbnb for parking”, has just raised Rs 2.09 crore in a seed round led by Inflection Point Ventures (IPV). The round also saw participation from high-net-worth individuals (HNIs). The company wants to solve one of India’s biggest yet most ignored urban headaches: the daily struggle to find parking.
Founded by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is an IoT-powered platform that allows individuals to rent out their private parking spaces by the hour. Think of it as monetising your driveway or unused office parking during off-hours.
Indian cities are choking under traffic congestion. A major cause? Illegally parked vehicles and poor urban planning. Public infrastructure simply can’t keep up with the growing number of cars.
Parkobot aims to fix this by enabling:
With over 20,000 monthly bookings, the platform has already made an impact at high-demand zones in cities like Delhi NCR and Bengaluru, though the startup remains in stealth mode as it expands.
Parkobot’s Parking Management System (PMS) is built on IoT and smart infrastructure. It includes:
This system eliminates the guesswork from parking, reduces traffic buildup, and improves the urban driving experience.
The global parking management market is valued at $114 billion, and India’s own market stands at $9.5 billion, growing at 6.5% CAGR.
“Urban parking is a huge challenge. Poor planning and lack of proper spaces lead to encroachment, congestion, and environmental issues. Parkobot is solving this using scalable, smart solutions,” said Mitesh Shah, Co-founder of IPV.
With this latest fundraise, Parkobot plans to:
The startup is also eyeing partnerships with residential societies, commercial properties, and malls to rapidly grow its ecosystem.
“Our goal is simple,” said co-founder Amrit Choudhury.
“We want to decongest streets, reduce emissions, and turn every underutilised parking spot into a valuable asset. Parkobot is a win for cities, users, and property owners.”
With rising fuel prices, growing car ownership, and deteriorating air quality in metros, India urgently needs smarter urban solutions. Parkobot’s model has the potential to ease multiple systemic pressures—traffic, pollution, and real estate underuse—with a single tech-driven platform.
