MapmyIndia

Content sourced from Wikipedia, licensed under CC BY-SA 3.0.

MapmyIndia: Indian digital maps and location technology

What MapmyIndia does
- MapmyIndia builds digital map data, telematics services, location-based SaaS, and GIS-powered AI technologies. It offers navigation, tracking, IoT, analytics, and web mapping for both desktop and mobile. The company also provides advanced GPS devices, car infotainment solutions, and offline navigation through Navimaps, including 3D terrain and city models for in-car systems.

Where and who
- Founded in 1995 by Rakesh Verma and Rashmi Verma. Originally called CE Info Systems.
- Headquartered in New Delhi, with regional offices in Mumbai and Bengaluru. It also has international offices in the San Francisco Bay Area and Tokyo.

Public company and listings
- MapmyIndia is a public company listed on India’s stock exchanges (NSE and BSE) under the MAPMYINDIA ticker on NSE and 543425 on BSE.

History in brief
- 1995: Founded as CE Info Systems in New Delhi.
- 2004: Launched the Indian mapping portal mapmyindia.com offering free location-based services.
- 2010: Introduced Road Pilot GPS navigation in Indian cities and regions; ISRO imagery integration followed.
- 2014: Released NaviMaps, a voice-navigation app in multiple Indian languages.
- 2020: Launched a COVID-19 dashboard; Move, a consumer app, won the Atmanirbhar Bharat App Innovation Challenge.
- 2015: Flipkart acquired a 34% stake for about Rs 1,600 crore, providing an exit for early investors.
- 2021: The company’s ongoing growth continued as it expanded product offerings and partnerships.

Products and services in focus
- Navigation, tracking, IoT, analytics, and web mapping for both consumer and enterprise use.
- Advanced GPS tracking devices, car infotainment, and plug-and-play on-board diagnostics.
- Navimaps offers offline navigation with 3D terrain and building data for in-car systems.

Market presence
- MapmyIndia dominates GPS navigation in India and serves a large enterprise base (tens of thousands of users across sectors).
- Its cloud mapping services are used by major tech and consumer companies in India, including PhonePe, Paytm, Amazon, Alexa, Flipkart, Uber, Blinkit, and others for planning, operations, and customer experiences.

Funding and growth
- The company has raised about $34 million in venture funding from investors such as Lightbox Ventures, Nexus Venture Partners, Qualcomm Ventures, and Zenrin since 2007.
- It has grown from a local mapping firm into a leading Indian tech company with both domestic and international reach.