Posts in Category: Press Releases

MapmyIndia and LetsVenture partner to encourage startups with best-in-class maps and location technologies and financial investments

MapmyIndia and LetsVenture partner to encourage startups with best-in-class maps and location technologies and financial investments

• Under MapmyIndia’s AppmyIndia program, startups and developers leverage MapmyIndia’s best-in-class stack of maps and location technologies and ready reach to 5000+ enterprise customers and 10 million consumer base

• Get angel and institutional financial investment opportunities through LetsVenture startup funding platform

• Partnership focused on 4 themes – smarter cars, businesses, governance and consumers – covering market spaces such as better AI, autonomous vehicles, governance, public safety and security, public health, climate change, location-based services and mapping technologies, IoT devices, enterprise SaaS, and consumer apps

Bengaluru, March 16, 2017: MapmyIndia, India’s leader in digital maps and location technologies, and LetsVenture, India’s largest startup funding platform, today announced their partnership to encourage startups and developers in India to leverage MapmyIndia’s map and location technology stack to solve problems for Indian and global markets, and to get the opportunity to pitch for investments from leading angels and institutions that are part of the LetsVenture platform. This was announced on the sidelines of LetsIgnite, India’s largest angel investor conference being held in Bengaluru.

Enterprises, startups and developers can develop the best solutions and build the most profitable and impactful enterprises by infusing rich and valuable location intelligence from the MapmyIndia Stack into their own apps, IoT devices, solutions, systems and workflows by integrating. The MapmyIndia Stack is India’s best and most powerful set of digital map data, APIs, professional services and customized solutions covering maps, navigation, tracking and location analytics and includes the latest innovations from MapmyIndia such as eLoc, India’s first nation-wide digital address system which is essentially a 6 character code for every doorstep/place across India.

As part of this latest partnership, LetsVenture will support shortlisted AppmyIndia developers and startups building on the MapmyIndia Stack to showcase their products to global investment community. LetsVenture will also provide pitch review for the shortlisted start-ups that are ready to raise funding and work with them during the deal syndication process. This partnership will accelerate MapmyIndia’s goal of empowering the entire Indian startup ecosystem through its AppmyIndia platform, wherein developers & startups can get access to MapmyIndia’s API and solution stack to make powerful apps, submit innovative & radical ideas, evangelize location technology through creative ads, and submit research proposals for prizes up to Rs. 10 lacs, as well as go-to-market support for key enterprise engagements and mass consumer distribution. (To know more & participate, please visit www.appmyindia.com).

The AppmyIndia developer community is already 10,000 strong. Increasing numbers of startups, developers and technology companies and public sector are building powerful apps, IoT devices, SaaS solutions and enterprise systems which have real world transformational impact, are better in quality and capability, and which result in much better profitability, due to the accuracy, detail, comprehensiveness and quality of MapmyIndia’s stack of
maps and location technologies. This stack has been built over 20 years, through 750 mapping and surveying experts, by deploying Rs 200 crore of capital investments, and using cutting-edge equipment and technologies. (Read more about the MapmyIndia Stack of APIs at http://mapmyindia.com/api and solutions at http://mapmyindia.com).

Core to the MapmyIndia Stack and what will drive the next set of transformational innovations for a Digital India is eLoc, India’s first nationwide digital address system, which has transformational potential in the private and public sectorak in to Aadhaar and the India Stack. The simple and powerful 6 character eLoc code (e.g. http://eloc.me/MMI000) for every doorstep enables seamless and efficient doorstep navigation, deliveries, dropoffs/pickups, and household level e-governance never before seen or possible in India or the world leading to better and smarter businesses, governments, consumers and cars/computing devices. MapmyIndia has professionally mapped 2 crore+ eLocs and this number is growing fast, so users can simply get and start using/enjoying benefits of their eLoc by searching their address/business/name of place at http://eloc.me. Developers, startups and organisations can integrate eLoc into their address input flows and the MapmyIndia Stack for all their map and location needs by following the instructions at http://mapmyindia.com/eloc.

“India and the startup ecosystem is at an inflection point. Poised for significant growth in the coming decade, but facing the growing pains of a young nation as well as fledgling startup and venture ecosystem. Without strong technology, marketing, capital and ecosystem investments, the promise of India and the startup ecosystem may not reach its full potential. We really believe that high quality maps and location technologies are an integral part of the digital and IT foundation which drives profitability, growth and success of all major enterprises in the automotive industry as well as across all public and private sector organization, because of the direct impact maps play in logistics,delivery, and supply chain efficiency and capabilities as well as on all aspects of intelligent location data driven decision support in enterprises, by enabling smarter governance and civic and emergency service delivery down to every household spread geographically across urban and rural India,delightful hyper local consumer apps, and of course in enabling autonomous navigation and vehicle safety solutions for the fast approaching smart, self-driving car revolution. MapmyIndia is uniquely positioned to support the entire ecosystem directly through its products and solutions and indirectly through our developer platform, AppmyIndia, thanks to our 20 years of pioneering and visionary efforts and Rs 200+ crore of investments in building the largest and best technology stack and digital map database intellectual property. Through our AppmyIndia program, we are encouraging tens of thousands of startups and developers to leverage our API and product/platform stack to build the best solutions to transform India, and are offering the first group of winners, cash prizes up to Rs 10 lakhs. Thanks to this LetsVenture partnership, the best AppmyIndia developers and startups now and in future will have opportunities to receive financial investments to help grow their business. In this way, we sincerely hope to empower the entire ecosystem with best in class technology, marketing and capital, to help leapfrog India to the forefront of the digital world, and to make life better for all Indians,” said Rohan Verma, Executive Director and CTO of MapmyIndia.

“At LetsVenture, our vision has been to make the fundraising process democratic, transparent and efficient. At the same time we strongly believe that funding is a milestone and not the goal. From that perspective, MapmyIndia’s AppmyIndia program is in perfect alignment as jointly we will be able to have a much larger impact by enabling entrepreneurs to use the right tools to solve problems, build business and also complete their funding.” said Chaitanya Ramalingegowda, VP – Investor Relations.

About MapmyIndia (Website: http://mapmyindia.com, eLoc: http://eloc.me/mmi000)
MapmyIndia’s mission is to make the world better through maps and location technologies. Founded in 1992, MapmyIndia is India’s leader in premium quality digital map data and APIs, GPS navigation, tracking, location apps, and GIS solutions.

Headquartered in New Delhi with offices across India, MapmyIndia is an ISO 9001-2012 company with 750+ people that pioneered digital mapping in India. Since 1995, through continuous efforts of its 400+ professional field surveyors and state-of-the-art mapping technology and its own private investment of Rs 200+ crore into cutting technologies and professional map building processes, which includes its revolutionary RealView service that captures, analyses and publishes the world in 3D and 360-degree photo-realistic clarity, MapmyIndia has built its proprietary MapmyIndia Maps, the most comprehensive, accurate, reliable, full-featured, professionally created and continuously updated digital map data set IP for all India, including the game-changing eLoc digital address innovation, a 6 character code for every doorstep across India, which are used for a wide range of applications including Navigation, Telematics, Autonomous Driving, Geographic Information Systems, Location Based Services and Smart Cities. MapmyIndia powers 5000+ enterprises, 80% of car with in-built navigation in India run on MapmyIndia, 10,000+ developers build on the MapmyIndia stack, and MapmyIndia has successfully served over 10 million individual end users and customers.

MapmyIndia makes not just the most advanced, accurate and detailed maps of India, but also the best GPS-based IoT (“Internet of Things”) devices optimized for use in vehicle, asset and personal navigation and tracking, market-leading location-based enterprise SaaS (“Software as a Service”), popular and delightful hyper-local mobile and web consumer apps, including maps.mapmyIndia.com, India’s very first and most detailed, accurate and comprehensive interactive online mapping portal, and NaviMaps, the best offline GPS navigation app for India. Enterprises, startups and developers can infuse rich and valuable location intelligence into their own apps, IoT devices, solutions, systems and workflows by integrating with the MapmyIndia Stack, which is India’s best and most powerful set of data, APIs, professional services and customized solutions covering maps, navigation, tracking and location analytics. MapmyIndia’s developer platform, AppmyIndia (http://appmyindia.com), already powers tens of thousands of developers, startups and technology deployments by marquee public and private sector enterprises across 4 themes – Smart Cars, Smart Businesses, Smart Governments, and Smart Consumers – and is focused on enabling the entire ecosystem to transform India and leapfrog it to the forefront of the digital world.

About LetsVenture
LetsVenture is India’s largest startup funding platform. Founded in late 2013, LetsVenture is the most trusted platform for startups to create their investment ready profile, and connect to global, accredited investors for fundraising. Today 12000+ startups, 2000+ angel investors, and 260+ institutional investors from 23 countries are interacting on the platform. 108 startups have closed rounds on LetsVenture with total deal size at $40M+

Like Aadhaar is the identity of a person, eLoc is the identity of a place or business”!

NEW DELHI: The typical postal address is a few lines long. Now, you can shrink it into just six characters — no matter how long and complicated it is — and share with anyone who can find the building, business or even your home that it represents with almost pinpoint accuracy.

More than eight years after it started working on it, digital mapping company MapmyIndia formally launched eLoc (short for e-Location) on Thursday. For now, it is a free service.
It shortens an address into a combination of six alphabets and numbers. You can put it on your visiting card, on a website or share via any other means. If someone is looking to reach you, the person needs to just enter the eLoc in MapmyIndia’s maps portal (or app) and it will instantly offer turn-by-turn directions right up to your address.

Shrink Your Postal Address

Shrink Your Postal Address

The closest to eLoc, in a context that everyone can understand, is our PIN code. The problem with the PIN code is that it specifies an area that could as large as 50 square kilometres. An eLoc, on the other hand, can guide the user right up to the address.

If you’re reading this, chances are that the eLoc for your address has already been created. You can head over to www.mapmyindia. com/eloc and check. Once you have your eLoc (ABC123 for example), you can also share a short URL to it, which will be //eloc.me/ABC123. Clicking the link will open MapmyIndia’s maps in a web browser and show you the precise location. If you don’t have an eLoc, you can right click on the map and create one.

Apart from consumer use, businesses and government services, too, could benefit from eLoc. Taxi aggregators, emergency services, local deliveries, courier services, property administration, postal services and others can all use it.

“Just like Aadhaar is the identity of a person, eLoc is the identity of an address or a business,” said Rakesh Verma, managing director of MapmyIndia. “Over 2 crore (20 million) eLocs have been generated already and, apart from the address, it can also include more information about a business.”

When asked about monetising the eLoc, he said: “Initially, we want to do whatever it takes to get the maximum number of people to start using it. At some point, business will start benefiting from eLocs and that’s when we will look at monetising. We want to take the total 20 million eLocs to about 100 million – as we keep building house addresses, the eLoc database will be built alongside”.

Read more here: http://economictimes.indiatimes.com/news/politics-and-nation/shrink-your-postal-address-to-six-characters-with-eloc/articleshow/57089667.cms

MapmyIndia releases eLoc,India’s first Nation-wide Digital Address System

● Simple, precise and ready-to-use for free eLoc,is a unique, 6 character code for any address across India, removing complexity and hassles of providing multi-line, often misspelled addresses and searching and navigating to the doorstep of addresses in areas with confusing and conflicting address naming and ordering systems.

● Makes individual commuter and travelers’ lives much easier through quick and precise navigation to a destination, enhances field delivery/visit capabilities and profitability of businesses across ecommerce, transportation, and field operation and logistics-heavy sectors, and brings productivity and transparency to government services, delivery and taxation at a property level
● 20+ years, 200+ crore rupees private investment by MapmyIndia into advanced mapping technology, extensive field data survey, and private-private and public-private ecosystem building around advanced location solutions to help India leapfrog to first place in a digital world

New Delhi, February 9, 2017: MapmyIndia, India’s leader in premium-quality digital maps, GPS navigation, GPS tracking, location-based apps and GIS solutions, today announced the release of MapmyIndia eLoc, India’s first Nation-wide Digital Address. This powerful innovation, packaged as a simple and easy-to-use digital address, will transform historical addresses and disrupt traditional mapping and navigation services, bringing immense convenience to individuals and significant benefits to businesses and governments across India.

eLoc will help Indian travelers and commuters search, share and navigate to destinations’ exact doorstep far more easily and quickly. It will also reduce time, money, fuel wastage and expenses for businesses in the ecommerce, transportation, logistics and field operations domains. Finally, governance at all levels, across urban and rural levels, will be empowered with much more productivity and transparency when it comes to civic amenities delivery such as electricity, water, gas as well as property tax administration and tax evasion detection.

What is eLoc?

eLoc by MapmyIndia is simply put, the Aadhaar of addresses. eLoc of any place, be it a building/flat/office/business/city/village/locality/road and so on, is a short, 6 character code (for e.g. 8GDTYX, or MMI000), which is easy to remember, share, type and provide.Behind the convenience and simplicity of eLoclies the huge power of India’s most comprehensive, accurate and precise door-step level, 3D, digital map database and turn-by-turn navigation solution built by MapmyIndia. Hence, the power of eLoc is such that when a person, business or official searches for a place by entering its eLoc, they can see the precise map location of that place, get turn-by-turn directions to the exact entrance doorstep of that place, and also see information about that place besides its location, such as reviews, photos and other information provided by the place’s owner, businesses and governments. More information on what is an eLoc, how it works, and how one can access, use and share a place’s eloc is available at http://www.mapmyindia.com/eloc

MapmyIndia has privately invested over 200 crores over the last 20+ years in advanced mapping technologies and professional field surveys to create India’s most comprehensive digital address database, as a result of which over 2 crore and counting eLocs, across all 7000+ urban towns and 6+ lakh villages in rural India, are already readily available for individual, business and government users to use instantly, for free. This nulls the need for significant future investment by public and private entities in creation of a digital map and address database. For new places that come up, or those that change or shut, or those missing in MapmyIndia’s database, users can add them by visiting http://maps.mapmyindia.com on their browser or by using the MapmyIndia mobile app across Android, iOS and Windows platforms, and MapmyIndia will continue to professionally verify and validate those contributions.

“MapmyIndia’s mission from the start has been to make the world better through maps and location technologies. We believe eLoc is a game changing milestone in India’s history, and like mobile phones helped India leapfrog other countries, eLoc will leapfrog India to the forefront of mapping and navigation convenience and capabilities compared to the rest of the world. Seeing the government’s commitment to the ‘Digital India’ initiative, I believe the time is ripe for India to move towards a digital address system. We see eLoc as the most simple, precise and powerful way of locating addresses, navigating to them and sharing information about addresses/places/buildings/flats etc. Through our own investment and decision to make this publicly available, we hope to encourage the public and private ecosystem to leverage this ready-to-use, priceless asset and build transformative experiences and businesses for Indians and India by using MapmyIndia eLoc. There is no need to commission surveys and reinvent the proverbial wheel. The information already exists with MapmyIndia and can be customized according to the needs of the individual customers. This not just saves costs but also speeds-up the delivery. I am confident that MapmyIndia eLoc is a powerful idea whose time has come, and which will benefit hundreds of millions of Indians, millions of Indian businesses and thousands of government departments at all levels across India. MapmyIndia has already partnered with the Indian Space Research Organisation and its national satellite imagery service called Bhuvan, and the indigenous positioning system called Navic, to combine all these ingredients with MapmyIndia’s own mapping and navigation technologies to offer the best solution for India, most suitable for India, and a solution which we are proud to say is both the best for, and also made in India.” says Rakesh Verma, Managing Director, MapmyIndia.

Those interested in learning more about eLoc by MapmyIndia, checking the eLoc of places they care about like their home, office, or other destinations they need to visit, as well as those interested in partnering with MapmyIndia to bring the benefits of eLoc to everyone, should visit http://www.mapmyindia.com/eloc

About MapmyIndia (Website: http://www.mapmyindia.com, eLoc:http://mapmyindia.com/mmi000)
MapmyIndia’s mission is to make the world better through maps and location technologies. Founded in 1992, MapmyIndia is India’s leader in premium quality digital map data and APIs, GPS navigation, tracking, location apps, and GIS solutions.

Headquartered in New Delhi with offices across India, MapmyIndia is an ISO 9001-2012 company with 750+ people that pioneered digital mapping in India. Since 1995, through continuous efforts of its 400+ professional field surveyors and state-of-the-art mapping technology, including its revolutionary RealView service which captures, analyses and publishes the world in 3D and 360-degree photo-realistic clarity, MapmyIndia has built its proprietary MapmyIndia Maps, the most comprehensive, accurate, reliable, full-featured, professionally created and continuously updated digital map data set for all India, including the game-changing eLoc digital address innovation, which are used for a wide range of applications including Navigation, Telematics, Autonomous Driving, Geographic Information Systems, Location Based Services and Smart Cities.

MapmyIndia makes not just the most advanced, accurate and detailed maps of India, but also the best GPS-based IoT (“Internet of Things”) devices optimised for use in vehicle, asset and personal navigation and tracking, market-leading location-based enterprise SaaS (“Software as a Service”), popular and delightful hyper-local mobile and web consumer apps, including maps.mapmyIndia.com, India’s very first and most detailed, accurate and comprehensive interactive online mapping portal, and NaviMaps, the best offline GPS navigation app for India. To enterprises and developers, MapmyIndia also provides a whole range of Map, LBS, GIS, GPS and Telematics Platforms, APIs, professional services and customized solutions which infuse rich and valuable location intelligence into their own apps, solutions, systems and workflows.

Link to video demo of eLoc by MapmyIndia: https://www.youtube.com/watch?v=YOOxj_zNy8U

Learn more: http://mapmyindia.com/eloc

Try searching and navigating using eLoc: http://maps.mapmyindia.com, http://mmiapp.in/maps

MapmyIndia Rover Bike launched in India

Rover Bike

Rover Bike is a motorcycle-tracking device, the latest offering from MapmyIndia. Rover Bike can be fitted on any two-wheeler using a plug-in type installation at any MapmyIndia store. Installation of Rover Bike does not tamper with the warranty of the motorcycle and scooter.

Rover Bike displays maps and location details with the help of a built-in GPS and Internet connectivity. Once the installation on a motorcycle or scooter is complete, customers can access all the data on their smartphones. The maps show turn-by-turn directions to the bike, estimated time of arrival and also location sharing.

The Rover Bike app is free and available across all platforms (iOS, Android and Windows). With the Rover Bike app, customers not only can track the position of their vehicle but also monitor their speeds. One also has the options of viewing pre-recorded information. This device would be a great help for fleet owners, couriers and parents.

Live_View

Other features include:-

  1. Alerts of ignition on/off
  2. Over-speeding
  3. Idling
  4. Servicing
  5. Pollution or insurance expiry due.

All of this is sent to the owner through the mobile app, email and SMS. It can also store electronic copies of driving license, registration certificate, insurance policy and pollution certificate etc.

Rover Bike can be bought online or through the MapmyIndia outlets in the country. Product and technical assistance will be available at bike dealerships and accessory shops that deal with MapmyIndia products across India. Rover Bikes comes with a warranty of 12 months.

Aeris, MapmyIndia Forge Partnership to Tap Internet of Things Market in India

MapmyIndia joins hands with Aeris

MapmyIndia joins hands with Aeris

Aeris, an Internet of Things (IoT) service provider formed a partnership with MapmyIndia to offer geo-spatial intelligence based IoT solutions in India by leveraging their respective areas of competence.

It is said that the global IoT market is expected to cross $200 billion by 2020. The IoT market in India stands at $5.6 billion with 200 million connected devices in 2016. This is expected to grow to $15 billion with 2.7 billion devices by 2020 presenting a significant opportunity for technology and service providers.

Managing Director, MapmyIndia, Mr. Rakesh Verma said that the world is moving from automatic to autonomous operations. “The partnership with Aeris, a pioneer in the IoT space, will go a long way in making the Indian businesses globally competitive. I am confident that the combination of MapmyIndia’s best-in-class mapping & GIS solutions and the pioneering IoT prowess and global experience of Aeris will be a big boon for not just the Indian businesses and enterprises but will benefit the whole country.”

Aeris and MapmyIndia will jointly develop solutions which are expected to address business challenges such as ubiquitous tracking through connectivity.

President, Aeris Communications, Dr. Rishi Bhatnagar, said “We are witnessing the evolution of the IoT ecosystem globally with businesses recognizing the need to invest in technologies and solutions based on IoT. Our tie-up with MapmyIndia is primed towards helping businesses leverage the potential of IoT to realize business benefits that are multi-dimensional, innovation-driven and transformative. I am confident that this will change the way verticals operate and companies perform,”

For more information, please contact:

Aeris
Kevin Petschow
+1.312.985.9182
Kevin.Petschow@aeris.net
or
Prayukth K V
+919900384022 
Prayukth.kv@aeris.net 

MapmyIndia
Naman Mittal
+91 9718001166 
naman.mittal@mapmyindia.com