Sunday, May 29, 2022

India’s very own geo-spatial information provider Mapmy India is seeking an IPO of around $175 million

- Advertisement -

Did you know that there is a digital mapping company in India, whose data powers the devices such as Apple Inc.’s Maps and Inc.’s Alexa? That’s right the company’s name is May my India and it will reportedly file for an IPO or Initial Public Offering documents as soon as this Monday.

Mapmy India is backed by the likes of Qualcomm and PhonePe, and it is reportedly targeting an IPO size of around $175 million at a valuation of about $825 million. According to people familiar with the matter, the public offer will entirely comprise secondary shares.

The Okhla, Delhi-headquartered company is well known for its geospatial information which it sells to a broad range of global brands, including Uber Technologies Inc., Mercedes-Benz, McDonald’s Corp. and e-commerce rivals Amazon and Walmart-owned Flipkart.

India’s very own geo-spatial information provider Mapmy India is seeking an IPO of around $175 million

The geo-spatial market in India is on the rise as the country has relaxed its stringent old controls over mapping and other geographic data earlier this year.  This relaxation of rules has led to a boost for companies like MapmyIndia, which enjoy a privileged position relative to international competitors like Alphabet Inc.’s Google Maps.


On the other hand, the foreign mapping players are barred from using high-precision satellite imagery, as well as from collecting street-view data and conducting ground surveys to build up their maps. They are also required to acquire such mapping data specifically from domestic providers.

MapmyIndia is an Indian technology company that builds digital map data, telematics services, location-based SaaS and GIS AI technologies. The company was founded in 1995 and is headquartered in 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.


- Advertisement -
Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

More To Consider

Stay Connected

Boat Lifestyle [CPS] IN

Hot Topics


Latest Articles



Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add to your ad blocking whitelist or disable your adblocking software.