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MapmyIndia

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MapmyIndia
FormerlyC.E. Infosystems Pvt. Ltd. (1995–2021)
Company typePublic
Industry
Founded1995; 29 years ago (1995)
Founder
  • Rakesh Verma
  • Rashmi Verma
HeadquartersOkhla Phase-III, New Delhi, India[1]
Area served
Indian subcontinent
Key people
  • Rakesh Verma (CMD)
  • Rohan Verma (CEO)
  • Sapna Ahuja (COO)
  • Ankeet Bhat (CSO)
  • Anuj Jain (CFO)
ServicesIoT, Navigation, Maps, GIS Services
OwnerCE Info Systems Ltd. (Cestem)
Number of employees
1410[citation needed]
Websitewww.mapmyindia.com

MapmyIndia is an Indian technology company that builds digital map data, telematics services, location-based SaaS and GIS AI technologies.[2][3] 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.[1]

History

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MapmyIndia was founded by Rakesh and Rashmi Verma in 1995.[4] The couple launched a startup called CE Info Systems in 1995 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 organizations in the country.[7] 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.[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 online maps are integrated with ISRO Satellite Imagery for detailed satellite and hybrid.[12]

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.[13]

In 2020, MapmyIndia launched a COVID-19 dashboard.[14]

MapmyIndia won the Government of India's AatmaNirbhar Bharat App Innovation Challenge for its consumer app, Move.[15]

Product and services

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MapmyIndia offers Navigation, Tracking, IoT, Analytics and web mapping service for desktop and mobile devices.[5][16] The company also offers advanced GPS tracking devices, car in-dash infotainment & plug & play on-board diagnostics car tracker.[17][18] 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.[19][20][21]

Market share

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The company's navigation and location services are primarily used by vehicle manufacturers (cars, bikes, commercial vehicles, electric vehicles) and it claims to have 90% market share on GPS navigation in India.[22][4] Even though the most popular map service in India is Google Maps.[23] It also claims to have 5,000 enterprise customers with 80% market share in the location intelligence space.[weasel words][24][25] MapmyIndia's cloud mapping services are also used by many developers and tech companies in India such as PhonePe, Paytm, Amazon, Alexa voice, Flipkart, Uber, Apple, etc. for planning, operations and customer experience.[26]

Funding

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MapmyIndia has raised $34 million in venture capital financing in the three rounds since 2007 from the Lightbox Ventures, Nexus Venture Partners,[27] Qualcomm Ventures and Zenrin.[28] 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.[29]

References

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  1. ^ a b 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 (17 April 2017). "MapmyIndia to build 'Digital Map Twin of the Real World' | Business Line". Thehindubusinessline.com. Retrieved 21 August 2017.
  3. ^ "MapMyIndia: This navigation system will help you reach the doorstep of your destination; here's how". The Financial Express. 10 February 2017. Retrieved 21 August 2017.
  4. ^ a b "MapmyIndia Story: The 25 Year Journey Of Maps, GPS, And More". Inc42 Media. 13 June 2017. Retrieved 29 October 2018.
  5. ^ a b Layak, Suman (25 February 2018). "As MapmyIndia enters Google territory, can it beat the Goliath of internet?". The Economic Times. Retrieved 29 October 2018.
  6. ^ "Japanese map publisher Zenrin's Indian partner in expansion drive". The Japan Times Online. 24 April 2017. ISSN 0447-5763. Retrieved 29 October 2018.
  7. ^ "MapmyIndia 2.0: Battling for supremacy | Forbes India". Forbes India. Retrieved 29 October 2018.
  8. ^ "Use Customer Cash to Finance Your Start-Up". Retrieved 1 August 2023.
  9. ^ "Meet MapmyIndia, the 'Desi Google Map'". www.afaqs.com. 21 March 2017. Retrieved 29 October 2018.
  10. ^ "Locate your house with MapmyIndia V-2007". Retrieved 1 August 2023.
  11. ^ "MapmyIndia launches new GPS navigator". The Economic Times. 12 March 2010. Retrieved 29 October 2018.
  12. ^ "MapMyIndia Launches Digital Twin Of Real World - NDTV CarAndBike". NDTV. Retrieved 29 October 2018.
  13. ^ "Mapmyindia launches new app with voice navigation in regional languages - MediaNama". www.medianama.com. 30 May 2014. Retrieved 29 October 2018.
  14. ^ "COVID-19 India Tracker - Coronavirus Cases, Testing Labs, Treatment & Isolation Centres in India". maps.mapmyindia.com. Retrieved 16 November 2020.
  15. ^ Malhotra, Vanshika (8 August 2020). "AtmaNirbhar Bharat app innovation challenge: Here are the winners of the contest". www.indiatvnews.com. Retrieved 16 November 2020.
  16. ^ "How MapmyIndia is planning rival to Google Maps - The Financial Express". www.financialexpress.com. 18 January 2018. Retrieved 29 October 2018.
  17. ^ "MapmyIndia to launch vehicle-tracking device". @businessline. Retrieved 29 October 2018.
  18. ^ "MapmyIndia to launch vehicle-tracking device". The Hindu. 3 September 2018.
  19. ^ "MapmyIndia 'NaviMaps' Navigation App for iOS Now Available for Download". NDTV Gadgets360.com. Retrieved 29 October 2018.
  20. ^ PTI (29 July 2014). "MapmyIndia launches 'NaviMaps', an offline navigation app for iOS". BGR India. Archived from the original on 29 October 2018. Retrieved 29 October 2018.
  21. ^ "Android Auto App Gets Satellite View: Google Maps Finally Looks Realistic While In True In-Car Navigation Mode - MySmartPrice News". MySmartPrice. 20 July 2018. Retrieved 29 October 2018.
  22. ^ "Car GPS devices: What is better? Smartphone or dedicated device; here is guide for you - The Financial Express". www.financialexpress.com. 13 November 2017. Retrieved 29 October 2018.
  23. ^ Top Maps Websites Ranking in India in April 2024 | Similarweb
  24. ^ "IT majors to benefit from regulatory push for telematics - Times of India". The Times of India. Retrieved 29 October 2018.
  25. ^ "Flipkart-backed MapmyIndia acquires VIDTEQ". VCCircle. 18 April 2017. Retrieved 29 October 2018.
  26. ^ "Can MapMyIndia beat Google to be the navigator of 'Atmanirbhar Bharat'?". Moneycontrol. 28 August 2020. Retrieved 16 November 2020.
  27. ^ Staff, Edit (9 August 2007). "MapMyIndia Gets Over $2.5 Million In Funding From Nexus India Capital". gigaom.com. Archived from the original on 17 November 2019. Retrieved 29 October 2018.
  28. ^ "An atlas of opportunity". Outlook. Retrieved 29 October 2018.
  29. ^ Chanchani, Madhav; Dave, Sachin (4 December 2015). "Flipkart picking up 34% stake in digital mapping firm MapmyIndia in Rs 1,600 crore deal". The Economic Times. Retrieved 29 October 2018.
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