Amit Lakhotia

Amit Lakhotia
Born	India
Nationality	Indian
Education	Indian Institute of Management (IIM)
Occupation	Entrepreneur, Founder & CEO of Park+
Known for	Founder of Park+, Scaling Paytm Wallet

Amit Lakhotia is an Indian entrepreneur and the founder and CEO of Park+, a mobility technology platform designed to simplify car ownership by integrating parking discovery, FASTag recharge, challan tracking, car insurance, and other vehicle-related services. With a background in fintech and consumer tech, Lakhotia is recognized for building one of India’s fastest-growing car-owner super-apps.

Early Life and Education

Amit Lakhotia hails from India and holds a management degree from the prestigious Indian Institute of Management (IIM). His early academic and professional experiences reflect a blend of technology, finance, and consumer-focused product strategy.

Career Journey

Lakhotia's career began in consumer internet and fintech, where he held leadership roles at companies such as MakeMyTrip, Tokopedia, and Paytm. At Paytm, he played a key role as the head of the wallet business, scaling the user base significantly during India’s digital payments revolution.

His experience at these firms equipped him with deep insights into user acquisition, product building, and scaling operations — skills that would later shape his approach to founding Park+.

Founding Park+

In 2019, Amit Lakhotia founded Park+ to solve key challenges faced by car owners in urban India, including parking availability, FASTag services, challan management, insurance renewal, and EV station discovery. Identifying these fragmented services as a critical pain point, Lakhotia built Park+ as an integrated platform offering a one-stop solution for vehicle owners.

Starting with digitizing parking lots and onboarding resident welfare associations (RWAs), Lakhotia personally led the platform's initial ground-level expansion, focusing on seamless consumer experience and operational efficiency.

Growth and Expansion

As of 2024, Park+ operates in over 100 cities, with more than 60 lakh car owners using the app. The company has digitized 3,000+ parking lots, partnered with over 10,000 residential societies, and is actively expanding into EV infrastructure, fleet management, and smart mobility solutions.

Park+ raised its Series C funding round in 2022, with investments from Sequoia Capital, Accel, Matrix Partners, and Epiq Capital, bringing its total funding to over $55 million. The company is recognized as one of India's most promising mobility tech startups.

Leadership and Philosophy

Amit Lakhotia is known for his execution-first leadership style, focusing on real-world problem-solving over vanity metrics. Colleagues describe him as hands-on, data-driven, and committed to long-term product thinking. His leadership emphasizes user-centric design, operational resilience, and sustainable business growth.

He has emerged as a sharp thinker in India's startup ecosystem, often sharing insights on execution, user experience, and product innovation.

Challenges and Resilience

Founded just before the COVID-19 pandemic, Park+ faced significant operational challenges during its early phase, including a sharp drop in car movement and parking demand. Lakhotia utilized this period to strengthen the platform’s technology backbone, refine service models, and prepare for post-pandemic recovery, demonstrating strategic foresight and resilience.

Vision for the Future

Amit Lakhotia envisions Park+ as India's default platform for car ownership services. With the rise of electric vehicles, smart city initiatives, and digital toll systems, he plans to expand Park+ into Tier-2 and Tier-3 cities, while deepening its B2B offerings, including fleet management and corporate mobility solutions.