IPO-Bound India Firm Powering Apple Maps Eyes Overseas Expansion
- MapmyIndia began an initial public offering Thursday
- India relaxed rules this year on mapping and geographic data
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MapmyIndia, a digital mapping company which began an initial share sale on Thursday, plans to expand internationally as the company seizes on a niche field after winning businesses for Apple Inc.’s Maps and Amazon.com Inc.’s Alexa in its home nation, according to its chief executive officer.
The company, formally named C.E. Info Systems Ltd., has integrated maps for over 200 countries into its software platform, Rohan Verma said in an interview on Bloomberg television. That can help original-equipment makers for next generation mobility vehicles, application developers, and businesses looking for geospatial data analytics, Verma said.