Acquisition · Enterprise Software & IT
MapmyIndia buys stake in indoor navigation firm Iwayplus
By Startup Enthusiast ·
- Date
- Company
- MapmyIndia
- What it does
- Digital maps and location intelligence provider
- Kind
- Acquisition
- Amount
- ₹2.00 crore
- Sector
- Enterprise Software & IT
What they do
MapmyIndia provides digital maps and geospatial analytics for consumers and enterprises
What happened
It acquired a minority stake in Iwayplus for ₹2 crore to boost indoor navigation capabilities
Why it matters
The move aims to create a seamless outdoor-to-indoor location intelligence platform
The details
- MapmyIndia acquired a minority stake in Iwayplus Private Limited.
- The investment amount was ₹2.00 crore for approximately 6% ownership.
- The transaction involved 3,500 CCPS with a premium per share.
- The deal was announced on 12 Jan 2026 and completed on 15 Jan 2026.
- This is a regulatory filing under SEBI Listing Obligations and Disclosure Requirements.
- MapmyIndia seeks to close gaps in indoor navigation technology.
- The company aims to expand its outdoor-to-indoor continuum services.
- Shares of MapmyIndia declined by 1.49% following the announcement.
The bigger picture
- Indoor navigation remains a challenging area for traditional map providers.
- Complex environments like airports and hospitals require specialized positioning tech.
- Iwayplus offers hardware solutions like BLE beacons for precise tracking.
- MapmyIndia wants to become a full-stack location intelligence platform.
About the business
- MapmyIndia provides digital maps and geospatial analytics services.
- Its clients include consumers, enterprises, and government bodies.
- Iwayplus focuses on indoor wayfinding for complex public spaces.
- Products include digital indoor maps and real-time navigation tools.
- Target spaces include airports, hospitals, malls, and university campuses.
- Iwayplus uses Bluetooth Low Energy beacons and sensors.
- MapmyIndia also holds stakes in telematics and drone mapping firms.
- It has investments in AI/ADAS and quick commerce sectors.
- The company reported ₹113.8 Cr operating revenue in Q2 FY26.
What happens next
- MapmyIndia plans to integrate indoor navigation into its platform.
- The company aims to offer seamless location services across environments.
The deal
- Type
- Acquisition
Founders
- Vikas Upadhyay, Founder
- Pulkit Sapra, Founder
Other articles talking about it
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- MapmyIndia Q4 profit jumps 2.7x sequentially to ₹50.9 Cr19 May 2026 · Results
- MapmyIndia Q3 net profit falls 42% to ₹18.8 Cr13 February 2026 · Results
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