IoT-powered smart parking startup Parkobot has raised Rs 2.09 crore (approximately $243,000) in a seed funding round led by Inflection Point Ventures (IPV), with participation from high-net-worth individuals.
The company aims to use the capital to expand its infrastructure, enter new Indian markets, improve backend operations, and diversify its product portfolio. The goal is to reduce urban congestion by optimizing underutilized private parking spaces with smart, tech-enabled solutions.
Founded in 2023 by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is currently in stealth mode as it prepares for broader market expansion. The founding team brings experience across IoT development, urban mobility, and systems engineering.
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Parkobot’s proprietary platform integrates IoT-powered parking space barriers with a mobile app, enabling users to rent out unused private parking spots on an hourly basis. The real-time platform manages over 20,000 bookings each month and supports automated, pre-booked parking with minimal manual input.
The startup has already deployed its smart barriers at key high-traffic locations and operates on a custom-built tech stack that includes scalable IoT devices and an in-house Parking Management System (PMS). Parkobot plans to leverage this technology to modernize parking infrastructure in Tier 1 and Tier 2 cities across India.
