MapmyIndia to Continue Focusing on Core B2B, B2B2C Businesses; To Acquire 10% Stake in Rohan Verma's New B2C Venture

MapmyIndia, a leading deep-tech digital map data company, will continue to focus on its core B2B and B2B2C businesses. The company will acquire a 10% stake in a new B2C venture floated by Rohan Verma, who will relinquish his executive responsibilities in MapmyIndia and continue as a non-executive director. The new venture will complement MapmyIndia's core market strength in B2B and B2B2C, focusing exclusively on the B2C segment. MapmyIndia will provide additional funding of Rs 35 crores via CCD in the new company. The new company will operate as an independent entity, using MapmyIndia’s retail brand Mappls, while MapmyIndia will continue to have access to anonymized data collected by the Mappls app to improve its map data.