Parking Management Platform Raising Seed Funds In Nagpur
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About Business
The company provides parking management services exclusively for banks and NBFCs, with no local customer parking.
Its services include parking for all repossessed assets of banks, NBFCs, OEMs, and leasing companies. Repossession agents deliver the assets to the facility, where they are securely parked. During auctions, the company assists in releasing the assets once the customer or buyer has paid the required parking charges.
A dedicated application for managing these operations is in its final development stage and is set to launch in January 2025.
It has already signed agreements with two banks and has shared agreements with three OEMs for the parking of new assets.
Clientele type
The clientele would be Banks and NBFCs.
Premises
LEASED
Lease per month (in INR): 50.00 K
Security Deposit (in INR): 10.00 L
Carpet Area: 2,500 sq ft
The owner has a rented office in Nagpur of 2500 sq. ft.
Asking Price Includes
The terms of the transactions will be discussed with the potential investors.
Asking Price
INR 7.00 Cr
Minimum ticket size
INR 6.00 Cr
Reason
The owner is looking to raise funds for expanding operations across PAN India while continuously developing and enhancing the application.
More Details
The owner previously worked with the Mahindra Group for 15 years and now aims to establish and grow his own venture.
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₹10 to ₹200 Cr
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