Car care services start-up Park+ expects to turn profitable by the January-March 2024 quarter and close the current fiscal with over Rs 200 crore, a senior company official said.
Park+ Founder and CEO Amit Lakhotia said that the company at present has operations in about 30 cities and plans to expand to over 100 cities by 2024.
The Epiq Capital backed company has raised USD 55 million till date to fund its operation which is sufficient for the company to fund operations as well as planned expansion.
“We want every service related to cars and car owners to be available on our platform. We are providing parking, car cleaning and repair services etc through the app. Roughly every 4th car in India is on Park+. We expect to turn profitable by the January-March 2024 quarter,” Lakhotia said.
He said that Park+ has services now available at over 7,000 locations in 30 cities and there is no user acquisition cost now for the company.
“We expect to post revenue of Rs 200 crore this fiscal. W
