Urban parking solutions startup Blyp has raised Rs 50 lakh from entrepreneur Sandesh Sharda as part of its ongoing bridge round, following its pre-Series A funding.
The investment supports Blyp’s goal of modernising India’s parking ecosystem through its tech-driven, contactless parking management platform.
The new funds will be used to enhance the company’s technology, expand operations across metro and tier-II cities, and onboard malls, corporates, and institutional clients.
Founded in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp provides a digital parking and valet management solution that allows users to find, reserve, and pay for parking spaces through a mobile app. The platform serves residential complexes, commercial buildings, and public areas, offering automated parking and payment systems.
Formerly known as ParkMate, Blyp recently gained visibility after being featured on Zee TV and ZEE5’s entrepreneurship show IdeaBaaz, which showcased promising Indian startups and their founders.
Currently active across Delhi-NCR and select smart city projects, Blyp partners with malls, RWAs, corporate parks, and commercial hubs to digitise parking and improve accessibility.
Competing with players like Park+, Get My Parking, and Secure Parking, the startup aims to use its bridge round funding to expand its smart parking network, introduce automation features, and reinforce its position in the urban mobility space.
