Parking Solutions by Blyp: Innovating Urban Parking

Parking solutions startup Blyp has successfully secured Rs 1.5 crore in a bridge funding round and gained attention on Zee TV and ZEE5’s startup programme IdeaBaaz. The company was highlighted during the episode broadcast on November 2, where its co-founders discussed the innovative parking solutions provided for urban areas. Blyp was previously recognised as ParkMate. The venture received Rs 50 lakh from entrepreneur Sandesh Sharda as part of this bridge financing, which follows its pre-Series A funding round. Funds will be allocated towards enhancing technology, broadening its reach to metro and tier-II cities, and acquiring more malls, corporate clients, and institutional partnerships.

About Blyp and Its Services

Established in 2018 by Dhananjaya Bharadwaj and Abhimanyu Singh, Blyp focuses on app-based parking and valet services. The platform provides a range of parking management solutions that include residential, corporate, commercial, and public facilities. Users can conveniently book parking spaces, utilise valet services, and make payments digitally.

Current Operations and Collaborations

Blyp operates across the Delhi-NCR region and participates in select smart city initiatives. The company collaborates with malls, Resident Welfare Associations (RWAs), commercial complexes, and corporate parks to modernise the processes of parking allocation, access, and payment.

Competitors in the Market

Blyp faces competition from other intelligent mobility and parking platforms such as Park+, Get My Parking, Secure Parking, along with municipal parking applications that focus on digitising parking and valet services.