ParkMate Raises $1.2 Mn

New Delhi: ParkMate Smart Parking Solutions has raised $1.2 million (about Rs10 crore) from Cactus Partners and plans to utilise the capital infusion to accelerate its growth trajectory. Existing investors Venture Catalysts and the Marwah Group Family Office also participated in the round. The company will invest in its team to win business, streamline its operations and continue to innovate new solutions, a company statement said.