Rohan Verma of MapmyIndia is leaving as CEO to start a new B2C firm

MapmyIndia announced that Rohan Verma will step down as CEO and whole-time director in March 2025. He will join a new B2C company focused on consumer tech from April 1, 2025.

MapmyIndia will invest Rs 35 crore in Compulsorily Convertible Debentures (CCDs) and Rs 10 lakh to buy a 10% stake in the new venture.

The company also approved an investment of Rs 3 crore to acquire a 9.37% stake in SimDaaS Autonomy through equity shares and compulsorily convertible preference shares (CCPS).

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SimDaaS develops simulation-driven technology for autonomous systems, including self-driving cars and advanced driver assistance systems.

MapmyIndia's board also approved an investment of Rs 2 crore to acquire a 19.84% stake in Kaiinos Geo Spatial Technologies through equity shares and compulsorily convertible preference shares (CCPS). Kaiinos focuses on creating smart systems for strategy development and execution in Geographic Information Systems (GIS).

About Mappls

Mappls offers computer vision technology and maps, along with AI/ML tools for location services. Its satellite and street imagery AI helps create custom models and analyze street-level data.

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