MapmyIndia
   HOME

TheInfoList



OR:

MapmyIndia is an Indian
technology company A technology company (or tech company) is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and ...
that builds digital map data,
telematics Telematics is an interdisciplinary field encompassing telecommunications, vehicular technologies (road transport, road safety, etc.), electrical engineering (sensors, instrumentation, wireless communications, etc.), and computer science (multimedia ...
services, location-based
SaaS Software as a service (SaaS ) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. SaaS is usually accessed via a web application. Unlike oth ...
and GIS AI technologies. The company was founded in 1995 and is headquartered at
New Delhi New Delhi (; ) is the Capital city, capital of India and a part of the Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the Government of India, hosting the Rashtrapati Bhavan, New Parliament ...
with regional offices in
Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
and
Bengaluru Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...
and smaller offices across India. It also has international offices in the
San Francisco Bay Area The San Francisco Bay Area, commonly known as the Bay Area, is a List of regions of California, region of California surrounding and including San Francisco Bay, and anchored by the cities of Oakland, San Francisco, and San Jose, California, S ...
and
Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...
.


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 New Delhi (; ) is the Capital city, capital of India and a part of the Delhi, National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the Government of India, hosting the Rashtrapati Bhavan, New Parliament ...
, India. The company started working upon developing a
web mapping Web mapping or an online mapping is the process of using, creating, and distributing maps on the World Wide Web (the Web), usually through the use of Web GIS, Web geographic information systems (Web GIS). A web map or an online map is both served ...
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 Coca-Cola, or Coke, is a cola soft drink manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries and territories worldwide, with consumers drinking more than 1.8 billion company beverage servings ...
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 Location-based service (LBS) is a general term denoting software services which use geographic data and information to provide services or information to users. LBS can be used in a variety of contexts, such as health, indoor object search, ent ...
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 India's national space agency, headquartered in Bengaluru, Karnataka. It serves as the principal research and development arm of the Department of Space (DoS), overseen by the Prime Minister o ...
Satellite Imagery for detailed satellite and hybrid. 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. In 2020, MapmyIndia launched a COVID-19 dashboard. MapmyIndia won the
Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...
's AatmaNirbhar Bharat App Innovation Challenge for its consumer app, Move.


Product and services

MapmyIndia offers
Navigation Navigation is a field of study that focuses on the process of monitoring and controlling the motion, movement of a craft or vehicle from one place to another.Bowditch, 2003:799. The field of navigation includes four general categories: land navig ...
, Tracking, IoT, Analytics and
web mapping Web mapping or an online mapping is the process of using, creating, and distributing maps on the World Wide Web (the Web), usually through the use of Web GIS, Web geographic information systems (Web GIS). A web map or an online map is both served ...
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 claims to have 90% market share on
GPS navigation A satellite navigation (satnav) device or GPS device is a device that uses satellites of the Global Positioning System (GPS) or similar global navigation satellite systems (GNSS). A satnav device can determine the user's geographic coordinat ...
in India. Even though the most popular map service in India is
Google Maps Google Maps is a web mapping platform and consumer application offered by Google. It offers satellite imagery, aerial photography, street maps, 360° interactive panorama, interactive panoramic views of streets (Google Street View, Street View ...
. 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 PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. It was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Paymen ...
,
Paytm Paytm (an acronym for "Pay Through Mobile") is an Indian Multinational corporation, multinational Fintech, financial technology company, that specializes in digital wallet, digital payments and financial services, based in Noida, India. Paytm ...
,
Amazon Amazon most often refers to: * Amazon River, in South America * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon (company), an American multinational technology company * Amazons, a tribe of female warriors in Greek myth ...
,
Alexa Alexa may refer to: Technology *Amazon Alexa, a virtual assistant developed by Amazon * Alexa Internet, a defunct website ranking and traffic analysis service * Alexa Fluor, a family of fluorescent dyes * Arri Alexa, a digital motion picture ca ...
voice,
Flipkart Flipkart Inc. is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as con ...
,
Uber Uber Technologies, Inc. is an American multinational transportation company that provides Ridesharing company, ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, a ...
,
Apple An apple is a round, edible fruit produced by an apple tree (''Malus'' spp.). Fruit trees of the orchard or domestic apple (''Malus domestica''), the most widely grown in the genus, are agriculture, cultivated worldwide. The tree originated ...
, 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 Flipkart Inc. is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as con ...
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.


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