MapmyIndia is an Indian technology company that builds digital map data,
telematics services, location-based
SaaS and
GIS
A geographic information system (GIS) is a type of database containing Geographic data and information, geographic data (that is, descriptions of phenomena for which location is relevant), combined with Geographic information system software, sof ...
AI technologies. The company was founded in 1995 and is headquartered at
New Delhi with regional offices in
Mumbai and
Bengaluru
Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...
and smaller offices across India. It also has international offices in the
San Francisco Bay Area and
Tokyo.
History
MapmyIndia was founded by Rakesh and Rashmi Verma in 1995.
The couple launched a startup called CE Info Systems in 1995 at
New Delhi, India.
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. 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.
The company launched the first Indian interactive digital mapping portal "www.mapmyindia.com" in 2004. 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.
In 2010, MapmyIndia launched a
GPS navigation service called Road Pilot, preloaded with Indian cities, villages and destinations. The company's online maps are integrated with
ISRO
The Indian Space Research Organisation (ISRO; ) is the national space agency of India, headquartered in Bengaluru. It operates under the Department of Space (DOS) which is directly overseen by the Prime Minister of India, while the Chairman ...
Satellite Imagery for detailed satellite and hybrid. As of 2018, it has 5000+ enterprise customers and over 250 million consumers benefit directly and indirectly from its services. MapmyIndia has also expanded into the Indian subcontinent by creating maps of Sri Lanka, Bangladesh, Bhutan and Nepal and soon plans to release maps for the different parts of the world.
In 2020, MapmyIndia launched a unique COVID-19 dashboard that in real time mapped containment zones and Covid testing and treatment centers across India and made it available for free access to millions of web and mobile users. It greatly benefited users needing this information as the incumbent global mapping giant,
Google was slow to respond and released it many months later. It also won the
Government of India's AatmaNirbhar Bharat App Innovation Challenge for its consumer app, Move.
Product and services
MapmyIndia offers
Navigation, Tracking,
IoT
The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other com ...
, Analytics and
web mapping service for desktop and mobile devices.
The company also offers advanced
GPS tracking devices, car in-dash infotainment & plug & play on-board diagnostics car tracker. 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.
Market share
The company's navigation and location services are primarily used by vehicle manufacturers (cars, bikes, commercial vehicles, electric vehicles) and it has 95% market share on
GPS navigation
A satellite navigation device (satnav device) is a user equipment that uses one or more of several global navigation satellite systems (GNSS) to calculate the device's geographical position and provide navigational advice.
Depending on the ...
in India.
It also claims to have 5,000 enterprise customers with 80% market share in the location intelligence space. 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,
Ola Cabs,
Blinkit
Blink Commerce Private Limited, d/b/a Blinkit and formerly Grofers, is an Indian e-commerce, instant delivery service. It was founded in December 2013 and is based out of Gurgaon.
Customers of the company use a Mobile application management, mo ...
, etc. for planning, operations and customer experience.
Funding
MapmyIndia has raised $34 million in venture capital financing in the three rounds since 2007 from the Lightbox Ventures, Nexus Venture Partners, Qualcomm Ventures and Zenrin. 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.
Over the years, the firm's value has more than tripled due to increase in adoption of its technologies.
References
External links
*{{url, www.mapmyindia.com, Official Site
Web mapping
Internet properties established in 1995
Street view services
Indian websites
Indian companies established in 1995
Companies based in New Delhi
2021 initial public offerings
Companies listed on the Bombay Stock Exchange
Companies listed on the National Stock Exchange of India