Parking Rhino

Startup Name

Parking Rhino

Founding Year

2014

Founders Tridib Konwar, Mriganka Deka
Business Category

IT

Startup Stage

Growth

Support Required from The Nest

Mentoring, Networking

Investment Required

5, 00, 00, 000 – 10, 00, 00, 000

Type of Entity

Pvt. Ltd.

Website

www.parkingrhino.com

Startup’s Objective

Parking Rhino is working towards converting unorganized parking into organized parking lot through IoT automation products and reducing road congestions as well as environment contamination.

Market Need

Parking management is a huge problem, consuming mass time, creating road congestions and contaminating the environment. There’s an urgent need to reduce search time for drivers looking for parking along with facilities for advance booking and cashless transaction.

Product/Service description

TParking Rhino offers an app and IoT based solution to all the parking woes. Followng are the products/services the startup has on offer:
1. B2B Basic product – Used for parking lots with transaction< 10000 per month. E.g. municipality road side parking lots with 10 -20 spaces per parking lot.

2. B2B Pro – Used for parking lots with transaction >10000 per month. E.g. – Malls , hospitals, railways stations etc.
3. B2B Enterprise – Smart City, Airports, IT Parks etc.
4. B2C product – Mobile app for drivers.
5. Data as a service – Third party API integrations – Google, Amazon Alexa, Ride hailing companies, OEMs, autocommerce, insurance, car service, EV charging etc.

Customers/Users B2C – Drivers using mobile app for parking search, booking and navigation.
B2B – Municipalities, parking operators, Smart Cities, Malls, Hospitals, IT Parks, railway stations, Airports, educational institutes etc.
Data as a service-Third party API integrations – Google, Amazon Alexa, Ride hailing companies, OEMs, autocommerce, insurance, car service, EV charging etc.
Revenue Model

The startup sources revenue from B2B SAAS Basic Model, B2B SAAS Pro Model, B2B SAAS Enterprise Model, B2C Commission and Data Service.

Current Traction

The startup makes a daily transaction of Rs. 1.35 lakh.