Global Expansion On The Cards, But Our Focus Is On India: MapmyIndia CEO

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The CEO said that MapmyIndia works with Indian multinational corporations as well as global companies which have India as one of their markets, and this would facilitate the geotech company’s global expansion. “So we’re looking to replicate a lot of business which we do in India with them in other markets,” Verma said. He added that the company’s portfolio consists of products which can be deployed anywhere in the world. “We’re looking at markets where we can find differentiated opportunities for us and in our product portfolio there’s automotive tech, map APIs, SaaS, drones and drone-based solutions, and IoT and geospatial solutions. So different products, different markets,” Verma said.

MapmyIndia has already opened an office in South Korea, said Verma, adding that the geotech startup has long-standing relationships with Korean companies and recently signed a Memorandum of Understanding (MoU) with one of the largest logistics companies in the East Asian nation.

According to the CEO and MD of MapmyIndia, Rohan Verma, while the geotech company is looking at global expansion opportunities, its focus in the short-term is on the Indian market due to the country’s potential and the fact that the company is headquartered in India. However, Verma stated that MapmyIndia works with both Indian multinational corporations and global companies that have India as one of their markets, which could facilitate the company’s global expansion efforts.

Verma mentioned that the company’s portfolio consists of products that can be deployed anywhere in the world, such as automotive tech, map APIs, SaaS, drones and drone-based solutions, IoT, and geospatial solutions. He added that MapmyIndia is looking at markets where it can find differentiated opportunities for its products, which would enable the company to expand globally. MapmyIndia has already established an office in South Korea, and Verma stated that the geotech startup has long-standing relationships with Korean companies.

Great to hear about MapmyIndia’s plans for expanding their B2C offerings and taking on Google. It seems like they have a clear strategy in place and are keeping a close eye on the outcome of Google’s appeal against the penalty by the Competition Commission of India. It’s interesting that MapmyIndia has two key offerings for B2C users – the Mappls app and the Mappls gadget ecosystem. It’s good to know that the Mappls app has options beyond Google Maps, particularly in terms of navigation, search, hyperlocal discovery, and Mappls gadgets.

It will be interesting to follow their progress and see how they fare in the market.