Investment12 Jan 2026, 03:02 pm
C.E. Info Systems Ltd to Invest Rs 2 Crore in Indoor Navigation Start-up Iwayplus Private Limited
AI Summary
C.E. Info Systems Ltd announced the approval of a strategic investment of Rs 2,00,00,000/- in the form of Compulsorily Convertible Preference Shares (CCPS) in Iwayplus Private Limited, an indoor navigation start-up. The investment, aimed at supporting innovative technologies and enhancing the business portfolio of the company, will result in a 6.06% stake on a fully diluted basis. Iwayplus offers digital indoor mapping solutions, indoor positioning systems, and location-based services using proprietary software platforms, mobile applications, and integrated hardware technologies.
Key Highlights
- C.E. Info Systems Ltd to invest Rs 2 Crore in Iwayplus Private Limited
- Investment in the form of Compulsorily Convertible Preference Shares (CCPS)
- 6.06% stake on fully diluted basis in Iwayplus Private Limited
- Iwayplus offers digital indoor mapping solutions and location-based services
- Strategic initiative to support innovative technologies and enhance business portfolio