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Results · Mobility & Logistics

Park+ reports ₹175 Cr revenue in FY25 and cuts losses by 39%

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Date
Company
Park+
What it does
digital services for car owners
Kind
Results
Based in
Gurugram
Sector
Mobility & Logistics

What they do

Park+ is a digital services platform for car owners, offering car cleaning, parking solutions, fine payments, insurance management, and EV charging networks

What happened

In FY25, Park+ reported ₹175 crore in operating revenue, a 34% increase from ₹131 crore in FY24, and reduced its losses by 39% to ₹63 crore when excluding…

Why it matters

The company’s operating income came mainly from services like FASTag commissions, access control rentals, and parking, which accounted for 80% of total revenue

The details

  • Park+ reported ₹175 crore in operating revenue for FY25, a 34% increase from ₹131 crore in FY24.
  • The company reduced its losses by 39% to ₹63 crore in FY25 when excluding ESOP costs, compared to a loss of ₹103 crore in FY24.
  • Operating income came mainly from services like FASTag commissions, access control rentals, and parking, which accounted for 80% of total revenue.
  • The remaining 20% of revenue came from the sale of products such as access control devices, FASTags, and radio frequency tags.
  • Employee benefits remained the largest expense, rising 12% to ₹113 crore in FY25 from ₹101 crore in FY24.
  • The cost of materials increased 21% to ₹70 crore, while depreciation doubled to ₹12 crore.
  • Advertisement expenses declined by 15% to ₹23 crore, while other expenses added up to ₹37 crore.
  • Total expenses grew 17% to ₹286 crore in FY25 from ₹245 crore in FY24.
  • Park+ spent ₹1.63 to earn every rupee of operating revenue in FY25.

About the business

  • Park+ provides digital services for car owners, including car cleaning, parking solutions, fine (challan) payments, insurance management, and car service.
  • The company has expanded into ancillary offerings like FASTag issuance and EV charging networks.
  • Services such as FASTag commissions, access control rentals, and parking formed 80% of the total operating income.
  • The remaining 20% of revenue came from the sale of products such as access control devices, FASTags, and radio frequency tags.
  • Park+ operates in Gurugram and serves customers in homes, malls, and offices.

The deal

Type
results

Investors

  • Peak XV Partners (investor) — Peak XV Partners is a venture capital firm that has invested in Park+.
  • Matrix Partners (investor) — Matrix Partners is a venture capital firm that has invested in Park+.
  • Epiq Capital (investor) — Epiq Capital is a venture capital firm that has invested in Park+.

Founders

  • Amit Lakhotia, founder

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