MapmyIndia

MapmyIndia offers digital map data, telematics, location-based SaaS and GIS services.[2][3] The company was founded in 1992 and is headquartered at New Delhi with regional offices in Mumbai and Bengaluru and smaller offices across India.[1]

MapmyIndia
Type of site
IoT, Navigation, Maps, GIS Services
Founded1992 (1992)
HeadquartersOkhla Phase-III, New Delhi[1]
Area servedIndian subcontinent
OwnerCE Info Systems Pvt Ltd.
Founder(s)Rakesh Verma, Rashmi Verma
Key peopleRohan Verma (CEO), Sapna Ahuja (COO), Ankeet Bhat (SVP), Anuj Jain (CFO)
IndustryMapping data
GPS navigation software
Web mapping
Employees1000+
URLwww.mapmyindia.com

History

MapmyIndia is founded by Rakesh and Rashmi Verma in 1992.[4] They launched a startup called C E Info Systems in 1992 at New Delhi, India.[5][6] The company started working upon developing a web mapping technology and provide products and services required for enhancing marketing and logistics efficiency in existing organisations in the country.[7] In 1993 the company took up an assignment to develop good quality maps with detailed topography to support the marketing and logistics operations of Coca-Cola and Cellular One.[8]

The company launched the first Indian interactive digital mapping portal "www.mapmyindia.com" in 2004.[9] This portal provided free, customized, location-based services including assigning an e-location to existing addresses to enable last mile deliveries to their exact destinations. The services were available for mobile phones with internet connectivity also. These services were also provided through the MapmyIndia portal to MagicBricks.[10]

In 2010, MapmyIndia launched a GPS navigation service called Road Pilot, preloaded with Indian cities, villages and destinations.[11] The company's Mapsare integrated with ISRO Satellite Imagery for detailed satellite and hybrid.[12] As of 2018, it has 5000+ enterprise customers and 250mn+ consumers benefit from its services. MapmyIndia has also expanded into the Indian subcontinent by creating maps of Sri Lanka, Bangladesh and Nepal and soon plans to release maps for the different parts of the world.[13]

Product and services

MapmyIndia offers Navigation, Tracking, IoT, Analytics and web mapping service for desktop and mobile devices.[5][14] The company also offers advanced GPS tracking devices, car in-dash infotainment & plug & play on-board diagnostics car tracker. [15][16] The navigation service features street view, public transit information and turn-by-turn navigation with spoken instructions for vehicles. It later launched offline navigation app, Navimaps that uses offline vector data to offer 3D terrains and city models & 3D building for in-car infotainment systems.[17][18][19]

Market share

The company's navigation service is primarily used by the car manufacturers and it has 90% market share on GPS navigation in India.[20][4] It also claims to have 5,000 enterprise customers with 80% market share in the location intelligence space.[21][22]

Funding

MapmyIndia has raised $34 million in venture capital financing in the three rounds since 2007 from the Lightbox Ventures, Nexus Venture Partners,[23] Qualcomm Ventures and Zenrin.[24] In 2015, Flipkart announced that it has acquired 34% stake of the company for Rs 1,600 crores.[25]

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References
  1. K.S.V. Menon & Garima Malik (10 June 2016). Funding Options for Startups: A Conceptual Framework and Practical Guide. Notion Press. p. 29. ISBN 978-1-945400-80-3.
  2. Our Bureau (2017-04-17). "MapmyIndia to build 'Digital Map Twin of the Real World' | Business Line". Thehindubusinessline.com. Retrieved 2017-08-21.
  3. "MapMyIndia: This navigation system will help you reach the doorstep of your destination; here's how". The Financial Express. 2017-02-10. Retrieved 2017-08-21.
  4. "MapmyIndia Story: The 25 Year Journey Of Maps, GPS, And More". Inc42 Media. 2017-06-13. Retrieved 2018-10-29.
  5. Layak, Suman (2018-02-25). "As MapmyIndia enters Google territory, can it beat the Goliath of internet?". The Economic Times. Retrieved 2018-10-29.
  6. "Japanese map publisher Zenrin's Indian partner in expansion drive". The Japan Times Online. 2017-04-24. ISSN 0447-5763. Retrieved 2018-10-29.
  7. "MapmyIndia 2.0: Battling for supremacy | Forbes India". Forbes India. Retrieved 2018-10-29.
  8. "Harvard Business Review,https://hbr.org/2013/07/use-customer-cash-to-finance-your-start-up".
  9. "Meet MapmyIndia, the 'Desi Google Map'". www.afaqs.com. Retrieved 2018-10-29.
  10. "The Economic Times,https://economictimes.indiatimes.com/tech/internet/locate-your-house-with-mapmyindia-v-2007/articleshow/2173135.cms".
  11. "MapmyIndia launches new GPS navigator". The Economic Times. 2010-03-12. Retrieved 2018-10-29.
  12. "MapMyIndia Launches Digital Twin Of Real World - NDTV CarAndBike". NDTV. Retrieved 2018-10-29.
  13. "Mapmyindia launches new app with voice navigation in regional languages - MediaNama". www.medianama.com. Retrieved 2018-10-29.
  14. "How MapmyIndia is planning rival to Google Maps - The Financial Express". www.financialexpress.com. Retrieved 2018-10-29.
  15. "MapmyIndia to launch vehicle-tracking device". @businessline. Retrieved 2018-10-29.
  16. "MapmyIndia to launch vehicle-tracking device". The Hindu. 3 September 2018.
  17. "MapmyIndia 'NaviMaps' Navigation App for iOS Now Available for Download". NDTV Gadgets360.com. Retrieved 2018-10-29.
  18. PTI (2014-07-29). "MapmyIndia launches 'NaviMaps', an offline navigation app for iOS". BGR India. Retrieved 2018-10-29.
  19. "Android Auto App Gets Satellite View: Google Maps Finally Looks Realistic While In True In-Car Navigation Mode - MySmartPrice News". MySmartPrice. 2018-07-20. Retrieved 2018-10-29.
  20. "Car GPS devices: What is better? Smartphone or dedicated device; here is guide for you - The Financial Express". www.financialexpress.com. Retrieved 2018-10-29.
  21. "IT majors to benefit from regulatory push for telematics - Times of India". The Times of India. Retrieved 2018-10-29.
  22. "Flipkart-backed MapmyIndia acquires VIDTEQ". VCCircle. 2017-04-18. Retrieved 2018-10-29.
  23. Staff, Edit (2007-08-09). "MapMyIndia Gets Over $2.5 Million In Funding From Nexus India Capital". gigaom.com. Retrieved 2018-10-29.
  24. "An atlas of opportunity". Outlook. Retrieved 2018-10-29.
  25. Chanchani, Madhav; Dave, Sachin (2015-12-04). "Flipkart picking up 34% stake in digital mapping firm MapmyIndia in Rs 1,600 crore deal". The Economic Times. Retrieved 2018-10-29.
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