Parkobot Raises ₹2.09 Cr in Seed Round Led by Inflection Point Ventures

Kolkata, July 17, 2025: Parkobot, the world’s first “Airbnb for parking” powered by IoT smart Parking Space Barrier, has raised INR 2.09 crore in seed round led by Inflection Point Ventures (IPV), one of India’s largest angel investing platforms. The round also saw participation from HNIs. The funds will be utilised to expand infrastructure, reach additional markets, strengthen the back end and increase the product portfolio.

Since its founding, Parkobot has made its mark as the world’s first start-up to launch an “Airbnb for private parking” which makes it an innovative platform powered by an IoT-enabled parking space barrier. With a mission to redefine urban mobility and space utilisation, Parkobot has made it possible for its owners to monetise unused private parking spaces on an hourly basis, which in turn provides real-time, location-based booking through a smart, integrated mobile app. 

The strength of this platform is its completely in-house tech stack, horizontally and vertically scalable IoT devices, and smart automation features generating efficiencies to enhance parking and generate revenues.

Mitesh Shah, Co-founder, IPV, says, “Urban parking is a huge challenge facing today’s cities. Poor planning and lack of proper parking spaces lead to encroachment on roads, illegal parking and congestion. However, Parkobot is driving the change by bringing in technology and smart parking systems that provide real-time availability of parking spaces and making underutilised private parking spaces available to the public.” 

Parkobot operates in a rapidly growing market with a global total addressable market (TAM) of $114 billion and an Indian TAM of $9.5 billion, expanding at a CAGR of 6.5 per cent. Currently in stealth mode, the start-up has already deployed high-traffic parking spots at key locations, laying the groundwork for scale. 

Amrit Choudhury, Founder, Parkobot, says, “Parkobot envisions decongesting India’s streets by utilising underutilised private parking spaces, transforming them into revenue-generating assets via our IoT-enabled Parkobot barrier & app. Our goal is to create cleaner skies, less traffic congestion, and seamless urban mobility for all.”

With over 20,000 monthly bookings, Parkobot leverages its proprietary Parking Management System, featuring smart boom barriers and exclusive pre-booking to boost parking revenue and reduce manual intervention. With no direct global competitors in IoT-enabled parking monetisation, Parkobot is uniquely positioned to convert underutilised parking spaces into smart, revenue-generating assets.