MapmyIndia
{{Short description|Indian technology company}}
{{Use dmy dates|date=January 2023}}
{{Use Indian English|date=January 2023}}
{{Infobox company
| name = MapmyIndia
| image = MapMyIndia Logo.png
| hq_location = Okhla Phase-III, New Delhi, India{{cite book|author=K.S.V. Menon & Garima Malik|title=Funding Options for Startups: A Conceptual Framework and Practical Guide|url=https://books.google.com/books?id=bARTDAAAQBAJ&pg=PT29|date=10 June 2016|publisher=Notion Press|isbn=978-1-945400-80-3|pages=29}}
| former_name = C.E. Infosystems Pvt. Ltd. (1995–2021)
| type = Public
| services = IoT, Navigation, Maps, GIS Services
| traded_as = {{ubl|{{NSE|MAPMYINDIA}}|{{BSE|543425}}}}
| founded = {{Start date and age|1995}}
| founder = {{ubl|Rakesh Verma|Rashmi Verma}}
| area_served = Indian subcontinent
| key_people = {{ubl|Rakesh Verma (CMD)|Rohan Verma (CEO)|Rashmi Verma (CTO) | Sapna Ahuja (COO)|Ankeet Bhat (CSO)|Anuj Jain (CFO)}}
| industry = {{ubl|Technology|Mapping data|GPS navigation software|Web mapping}}
| owner = CE Info Systems Ltd. (Cestem)
| num_employees = 1410{{citation needed|date=November 2017}}
| website = {{URL|https://www.mapmyindia.com}}
}}
MapmyIndia is an Indian technology company that builds digital map data, telematics services, location-based SaaS and GIS AI technologies.{{cite web|author=Our Bureau |url=http://www.thehindubusinessline.com/info-tech/mapmyindia-to-build-digital-map-twin-of-the-real-world/article9644671.ece |title=MapmyIndia to build 'Digital Map Twin of the Real World' | Business Line |publisher=Thehindubusinessline.com |date=2017-04-17 |access-date=2017-08-21}}{{cite web|url=http://www.financialexpress.com/industry/technology/mapmyindia-this-navigation-system-will-help-you-reach-the-doorstep-of-your-destination-heres-how/546020/ |title=MapMyIndia: This navigation system will help you reach the doorstep of your destination; here's how |publisher=The Financial Express |date=2017-02-10 |access-date=2017-08-21}} The company was founded in 1995 and is headquartered at New Delhi with regional offices in Mumbai and Bengaluru and smaller offices across India. It also has international offices in the San Francisco Bay Area and Tokyo.{{cite book|author=K.S.V. Menon & Garima Malik|title=Funding Options for Startups: A Conceptual Framework and Practical Guide|url=https://books.google.com/books?id=bARTDAAAQBAJ&pg=PT29|date=10 June 2016|publisher=Notion Press|isbn=978-1-945400-80-3|pages=29}}
History
MapmyIndia was founded by Rakesh and Rashmi Verma in 1995.{{Cite news|url=https://inc42.com/startups/mapmyindia-maps-gps/|title=MapmyIndia Story: The 25 Year Journey Of Maps, GPS, And More|date=2017-06-13|work=Inc42 Media|access-date=2018-10-29|language=en-US}} The couple launched a startup called CE Info Systems in 1995 at New Delhi, India.{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/as-mapmyindia-enters-google-territory-can-it-beat-the-goliath-of-internet/articleshow/63060134.cms|title=As MapmyIndia enters Google territory, can it beat the Goliath of internet?|last=Layak|first=Suman|date=2018-02-25|work=The Economic Times|access-date=2018-10-29}}{{Cite news|url=https://www.japantimes.co.jp/news/2017/04/24/business/corporate-business/japanese-map-publisher-zenrins-indian-partner-expansion-drive/|title=Japanese map publisher Zenrin's Indian partner in expansion drive|date=2017-04-24|work=The Japan Times Online|access-date=2018-10-29|language=en-US|issn=0447-5763}} The company started working upon developing a web mapping technology and provide products and services required for enhancing marketing and logistics efficiency in existing organizations in the country.{{Cite web|url=http://www.forbesindia.com/article/startups/mapmyindia-2.0-battling-for-supremacy/49999/1|title=MapmyIndia 2.0: Battling for supremacy {{!}} Forbes India|website=Forbes India|language=en-US|access-date=2018-10-29}} Soon after, 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.{{cite news |title=Use Customer Cash to Finance Your Start-Up |url=https://hbr.org/2013/07/use-customer-cash-to-finance-your-start-up |access-date=2023-08-01}}
The company launched the first Indian interactive digital mapping portal "www.mapmyindia.com" in 2004.{{Cite web|url=https://www.afaqs.com/news/story/50075_Meet-MapmyIndia-the-Desi-Google-Map|title=Meet MapmyIndia, the 'Desi Google Map'|website=www.afaqs.com|date=21 March 2017 |language=en|access-date=2018-10-29}} 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.{{cite news |title=Locate your house with MapmyIndia V-2007 |url=https://economictimes.indiatimes.com/tech/internet/locate-your-house-with-mapmyindia-v-2007/articleshow/2173135.cms |access-date=2023-08-01}}
In 2010, MapmyIndia launched a GPS navigation service called Road Pilot, preloaded with Indian cities, villages and destinations.{{Cite news|url=https://economictimes.indiatimes.com/mapmyindia-launches-new-gps-navigator/articleshow/5675759.cms|title=MapmyIndia launches new GPS navigator|date=2010-03-12|work=The Economic Times|access-date=2018-10-29}} The company's online maps are integrated with ISRO Satellite Imagery for detailed satellite and hybrid.{{Cite news|url=https://carandbike.com/news/mapmyindia-launches-digital-twin-of-real-world-1682517|title=MapMyIndia Launches Digital Twin Of Real World - NDTV CarAndBike|work=NDTV|access-date=2018-10-29|language=en}}
In 2014, MapmyIndia launched a voice-navigation app called NaviMaps, that supported various languages spoken in India, including Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil and Telugu.{{Cite web|url=https://www.medianama.com/2014/05/223-mapmyindia-launches-new-app-with-voice-navigation-in-regional-languages/|title=Mapmyindia launches new app with voice navigation in regional languages - MediaNama|website=www.medianama.com|date=30 May 2014 |language=en-US|access-date=2018-10-29}}
In 2020, MapmyIndia launched a COVID-19 dashboard.{{Cite web|title=COVID-19 India Tracker - Coronavirus Cases, Testing Labs, Treatment & Isolation Centres in India|url=https://maps.mapmyindia.com/corona|access-date=2020-11-16|website=maps.mapmyindia.com|language=en}}
MapmyIndia won the Government of India's AatmaNirbhar Bharat App Innovation Challenge for its consumer app, Move.{{Cite web|last=Malhotra|first=Vanshika|date=2020-08-08|title=AtmaNirbhar Bharat app innovation challenge: Here are the winners of the contest|url=https://www.indiatvnews.com/technology/news-atmanirbhar-app-innovation-challenge-here-are-the-winners-of-the-contest-640489|access-date=2020-11-16|website=www.indiatvnews.com|language=en}}
Product and services
MapmyIndia offers Navigation, Tracking, IoT, Analytics and web mapping service for desktop and mobile devices.{{Cite web|url=https://www.financialexpress.com/industry/how-mapmyindia-is-planning-rival-to-google-maps/1019664/|title=How MapmyIndia is planning rival to Google Maps - The Financial Express|website=www.financialexpress.com|date=18 January 2018 |access-date=2018-10-29}} The company also offers advanced GPS tracking devices, car in-dash infotainment & plug & play on-board diagnostics car tracker.{{Cite news|url=https://www.thehindubusinessline.com/info-tech/mapmyindia-to-launch-vehicle-tracking-device/article24857333.ece|title=MapmyIndia to launch vehicle-tracking device|work=@businessline|access-date=2018-10-29|language=en}}{{Cite web|url=https://www.newindianexpress.com/business/2018/oct/21/mapmyindia-expects-30-per-cent-revenue-growth-this-fiscal-on-account-of-new-products-1888085.html|title=MapmyIndia to launch vehicle-tracking device|date=3 September 2018|work=The Hindu}} 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 and 3D building for in-car infotainment systems.{{Cite news|url=https://gadgets.ndtv.com/apps/news/mapmyindia-navimaps-navigation-app-for-ios-now-available-for-download-566679|title=MapmyIndia 'NaviMaps' Navigation App for iOS Now Available for Download|work=NDTV Gadgets360.com|access-date=2018-10-29|language=en}}{{Cite news|url=https://www.bgr.in/news/mapmyindia-launches-navimaps-an-offline-navigation-app-for-ios/|title=MapmyIndia launches 'NaviMaps', an offline navigation app for iOS|last=PTI|date=2014-07-29|work=BGR India|access-date=2018-10-29|language=en-US|archive-date=29 October 2018|archive-url=https://web.archive.org/web/20181029112423/https://www.bgr.in/news/mapmyindia-launches-navimaps-an-offline-navigation-app-for-ios/|url-status=dead}}{{Cite news|url=https://www.mysmartprice.com/gear/2018/07/20/android-auto-app-satellite-view-google-maps-realistic-true-car-navigation-mode/|title=Android Auto App Gets Satellite View: Google Maps Finally Looks Realistic While In True In-Car Navigation Mode - MySmartPrice News|date=2018-07-20|work=MySmartPrice|access-date=2018-10-29|language=en-US}}
Funding
MapmyIndia has raised $34 million in venture capital financing in the three rounds since 2007 from the Lightbox Ventures, Nexus Venture Partners,{{Cite web|url=https://gigaom.com/2007/08/09/419-mapmyindia-gets-over-25-million-in-funding-from-nexus-india-capital/|title=MapMyIndia Gets Over $2.5 Million In Funding From Nexus India Capital|last=Staff|first=Edit|date=2007-08-09|website=gigaom.com|language=en-US|access-date=2018-10-29|archive-date=17 November 2019|archive-url=https://web.archive.org/web/20191117125549/https://gigaom.com/2007/08/09/419-mapmyindia-gets-over-25-million-in-funding-from-nexus-india-capital/|url-status=dead}} Qualcomm Ventures and Zenrin.{{Cite news|url=https://www.outlookbusiness.com/enterprise/big-idea/an-atlas-of-opportunity-1730|title=An atlas of opportunity|work=Outlook|access-date=2018-10-29}} In 2015, Flipkart announced that it has acquired 34% stake of the company for Rs 1,600 crores and provided a successful exit to MapmyIndia's early investors.{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/flipkart-picking-up-34-stake-in-digital-mapping-firm-mapmyindia-in-rs-1600-crore-deal/articleshow/50034934.cms|title=Flipkart picking up 34% stake in digital mapping firm MapmyIndia in Rs 1,600 crore deal|last1=Chanchani|first1=Madhav|date=2015-12-04|work=The Economic Times|access-date=2018-10-29|last2=Dave|first2=Sachin}}
References
{{reflist}}
External links
- {{url|www.mapmyindia.com|Official Site}}
Category:Internet properties established in 1995
Category:Indian companies established in 1995
Category:Companies based in New Delhi
Category:2021 initial public offerings
Category:Companies listed on the Bombay Stock Exchange
Category:Companies listed on the National Stock Exchange of India