Blyp Secures Rs 50 Lakh to Boost Smart Parking Expansion
- Blyp raises Rs 50 lakh in a bridge round led by Sandesh Sharda
- Funds to fuel tech upgrades and expansion into metro and tier-II cities
- Startup specializes in app-based parking and valet solutions
Smart parking solutions startup Blyp has raised Rs 50 lakh in a bridge funding round from entrepreneur Sandesh Sharda. The new capital follows the company’s pre-Series A round and was announced shortly after Blyp’s appearance on a popular startup TV show on November 2. Blyp was formerly known as ParkMate.
The funding will be used to enhance its technology platform, widen its presence in metro and tier-II cities, and onboard more malls, corporate parks, and institutional clients. The company aims to streamline urban parking by offering real-time booking, valet, and digital payment options.
Founded in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp offers app-based parking and valet management solutions. Its services cater to residential societies, commercial complexes, corporate zones, and public parking spaces. Users can reserve parking spots, request valet services, and make digital payments through its platform.
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Currently active in Delhi-NCR and select smart city projects, Blyp collaborates with malls, resident welfare associations (RWAs), and corporate parks to digitize parking workflows. The startup faces competition from players like Park+, Get My Parking, and various government-backed parking apps.
With growing congestion in India’s urban centers, Blyp aims to simplify parking through technology, making city mobility more convenient and efficient.
