Chief executive and executive director Rohan Verma told ET that the decision to go in for an initial public offering was due to the overwhelming response to recent listings by startups as well as the policy<\/a> push for geospatial<\/a> solutions in the country.
In February, the government eased regulations governing the acquisition and application of geospatial data, allowing private firms to use high-precision satellite imagery — of one-metre and below. According to the policy, overseas firms such as Google Maps<\/a> can also source such data from Indian companies’ local servers, though they cannot themselves own that data.
“Not only has the customer ecosystem started understanding the B2B and B2B2C internet-based business models, the government’s stamp on the geospatial policy earlier this year was also a huge catalyst,” Verma said.
MapmyIndia<\/a> had over 500 customers on the SaaS, PaaS and MaaS platforms, including PhonePe (which also holds 36% share in the company), Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress Logistics and the Goods and Service Tax Network. It competes with the likes of ESRI, Trimble, TomTom<\/a>, Here Technologies and Google Maps across segments.
According to a report by Frost & Sullivan, the total Indian addressable market for digital maps and location-based intelligence services will touch $7.74 billion in 2025, at a compounded annual growth rate of around 15.5% from 2019 onwards.
It will be the fourth profitable startup to make a public market debut this fiscal year after the likes of beauty marketplace Nykaa, travel broker ixigo and used car marketplace CarTrade.
In recent years, he said the addressable client base has expanded because of increased awareness about geospatial solutions and use cases.
In the previous fiscal year, the company’s order bookings grew 3.3x over FY19, following higher demand for its solutions across the automotive sector, according to its draft red herring prospectus (DRHP). The company primarily earns revenue from its licensed software mapping solutions.
The 26-year-old company filed its DRHP with the Securities and Exchanges Board of India (Sebi) in late August. Its IPO<\/a> will see an offer-for-sale of up to 7,547,959 equity shares at a face value of Rs 2 each, amounting to around 19% of the post-offer paid-up equity share capital. Stakeholders like Walmart-backed fintech firm PhonePe, chip maker Qualcomm and Japanese map publisher Zenrin will be offloading some stakes through the IPO, according to the DRHP.
“While our solutions are geography agnostic, we also have a global solution and many of our solutions have gone multinational as our clients went global; India definitely is the core focus. We also want to tap the international opportunity, but not at the cost of India…,” said Verma.
<\/body>","next_sibling":[{"msid":87791276,"title":"EU sets tariffs on Chinese optical fibre cables","entity_type":"ARTICLE","link":"\/news\/eu-sets-tariffs-on-chinese-optical-fibre-cables\/87791276","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"87784609","title":"ipo","entity_type":"IMAGES","seopath":"tech\/tech-bytes\/geospatial-policy-and-india-market-growth-catalysed-ipo-plans-mapmyindia\/ipo","category_name":"Geospatial policy and India market growth catalysed IPO plans: MapmyIndia","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-13976\/87784609.cms?width=150&height=112","link":"\/image\/tech\/tech-bytes\/geospatial-policy-and-india-market-growth-catalysed-ipo-plans-mapmyindia\/ipo\/87784609"}],"msid":87791314,"entity_type":"ARTICLE","title":"Geospatial policy and India market growth catalysed IPO plans: MapmyIndia","synopsis":"Chief executive and executive director Rohan Verma told ET that the decision to go in for an initial public offering was due to the overwhelming response to recent listings by startups as well as the policy push for geospatial solutions in the country.","titleseo":"telecomnews\/geospatial-policy-and-india-market-growth-catalysed-ipo-plans-mapmyindia","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2021-11-19 07:49:30","lastupd":"2021-11-19 07:49:53","breadcrumbTags":["ipo","geospatial","policy","india","market","mapmyindia","MVAS\/Apps","google maps","tomtom"],"secinfo":{"seolocation":"telecomnews\/geospatial-policy-and-india-market-growth-catalysed-ipo-plans-mapmyindia"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2021-11-19" data-index="article_1">
- Telecom乐动扑克News
- 2分钟阅读
地理空间政策和印度市场增长促成IPO计划:MapmyIndia
首席执行官兼执行董事Rohan Verma告诉等,进行首次公开发行的决定是由于绝大回应最近的上市公司以及政策推动地理空间解决方案。
首次公开募股绑定Mapmy印度坚定地集中在印度市场,它有一个B2B和B2C市场份额的大部分地图服务,一位高管说。
首席执行官兼执行董事Rohan Verma告诉等,进行首次公开发行的决定是由于绝大回应最近的上市公司以及政策推动地理空间解决方案。
今年2月,政府放宽了地理空间数据的采集与应用的规定,允许私营企业使用高精度的卫星图像,1米及以下。根据政策,等海外公司谷歌地图还可以这样的数据来源从印度公司的本地服务器,尽管他们不能自己自己的数据。
“客户不仅生态系统开始理解B2B和B2B2C基于互联网的商业模式,政府的邮票在地理空间政策今年早些时候也是一个巨大的催化剂,”时表示。
MapmyIndia有500多客户在SaaS, PaaS和马斯河平台,包括PhonePe(也持有该公司36%的股份),Flipkart公司Yulu, HDFC银行、旅馆、现代、MG汽车,Avis, Safexpress物流和商品和服务税网络。美国天宝,它与ESRI的竞争TomTom跨段,这里技术和谷歌地图。
根据Frost & Sullivan的报告,印度总可寻址数字地图和定位市场情报部门将涉及77.4亿年的2025美元,大约15.5%的复合年增长率从2019年开始。
这将是第四个有利可图的本财年启动首次公开市场后美容市场Nykaa、旅游代理ixigo和CarTrade二手车市场。
近年来,他说,可寻址的客户群不断扩大,因为增加了对地理空间解决方案和用例。
在上一财政年度,公司的订单增长3.3 x / FY19,之后整个汽车行业解决方案需求更高,根据其草案红鲱鱼招股说明书(DRHP)。该公司主要收入来自其授权软件映射解决方案。
这位26岁的公司提起DRHP印度与美国证券交易所董事会(Sebi)在8月下旬。它的首次公开募股将看到一个标价出售7547959股票的面值Rs 2,总计约19%的post-offer实收股本股本。利益相关者如Walmart-backed fintech公司PhonePe,芯片制造商高通和日本地图出版商Zenrin通过IPO将出售一些股份,根据DRHP。
“虽然我们的解决方案是地理不可知论者,我们也有一个全球性的解决方案和我们的许多解决方案已经跨国客户全球化;印度绝对是核心焦点。我们也想利用国际机会,但不是为代价的印度…,”Verma说。
首席执行官兼执行董事Rohan Verma告诉等,进行首次公开发行的决定是由于绝大回应最近的上市公司以及政策推动地理空间解决方案。
今年2月,政府放宽了地理空间数据的采集与应用的规定,允许私营企业使用高精度的卫星图像,1米及以下。根据政策,等海外公司谷歌地图还可以这样的数据来源从印度公司的本地服务器,尽管他们不能自己自己的数据。
“客户不仅生态系统开始理解B2B和B2B2C基于互联网的商业模式,政府的邮票在地理空间政策今年早些时候也是一个巨大的催化剂,”时表示。
MapmyIndia有500多客户在SaaS, PaaS和马斯河平台,包括PhonePe(也持有该公司36%的股份),Flipkart公司Yulu, HDFC银行、旅馆、现代、MG汽车,Avis, Safexpress物流和商品和服务税网络。美国天宝,它与ESRI的竞争TomTom跨段,这里技术和谷歌地图。
根据Frost & Sullivan的报告,印度总可寻址数字地图和定位市场情报部门将涉及77.4亿年的2025美元,大约15.5%的复合年增长率从2019年开始。
这将是第四个有利可图的本财年启动首次公开市场后美容市场Nykaa、旅游代理ixigo和CarTrade二手车市场。
近年来,他说,可寻址的客户群不断扩大,因为增加了对地理空间解决方案和用例。
在上一财政年度,公司的订单增长3.3 x / FY19,之后整个汽车行业解决方案需求更高,根据其草案红鲱鱼招股说明书(DRHP)。该公司主要收入来自其授权软件映射解决方案。
这位26岁的公司提起DRHP印度与美国证券交易所董事会(Sebi)在8月下旬。它的首次公开募股将看到一个标价出售7547959股票的面值Rs 2,总计约19%的post-offer实收股本股本。利益相关者如Walmart-backed fintech公司PhonePe,芯片制造商高通和日本地图出版商Zenrin通过IPO将出售一些股份,根据DRHP。
“虽然我们的解决方案是地理不可知论者,我们也有一个全球性的解决方案和我们的许多解决方案已经跨国客户全球化;印度绝对是核心焦点。我们也想利用国际机会,但不是为代价的印度…,”Verma说。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动