Founder Vishva Sharma pitching very early-stage ParkSmart – that organizes parking spaces to make parking a smooth experience for customers and helps manage traffic on the streets, to contribute towards India’s Smart Cities Mission.
website- www.parksmart.in
App – https://goo.gl/VVMn3U
“Rapid economic growth and migration to the cites have led to rapid urbanization and put pressure on metropolitan infrastructure. While traffic is one of most obvious problems for an Indian, a bigger issue is finding a space to park a car. Due to the lack of arrangements, most parking in India is done on the roads, which is one of the major causes of congestion during the peak hours,” says Vishva. He goes on to highlight the ParkSmart solution features.
The ParkSmart App helps
1) Book parking
and get a reserved parking spot at the designated location.
OR
2) Book a valet
and have a person waiting to drive the car from destination to a parking spot at a very nominal price
The Startup claims to have partnered with 10 parking locations that averages 6,000 parking a month with an average parking time of 2 hours. “At a nominal 10% booking conversion via our app, we would turn in 600 parking each. Charging 10% on the 40 rupee parking fees we would already make 24,000 a month. With the same growth in partners by the end of a year we would be making around 3,00,000 a month.
Team:
Rahul Gupta
B.Tech IIT Delhi
Vishva Sharma
B.Tech IIT Delhi
Prateek Garg
B.Tech IIT Delhi
Rishabh Nagpal
B.Tech & M.Tech IIT Delhi
Shivam Saxena
B.Tech & M.Tech IIT Delhi
Nitin Jain
B.Tech VIT Vellore
