MapmyIndia has approved an investment of ₹2 Crore in Iwayplus Private Limited, an indoor navigation startup. The investment will be in the form of Compulsorily Convertible Preference Shares (CCPS), acquiring a 6.06% stake on a fully diluted basis. This strategic move aims to bolster MapmyIndia’s technology portfolio and support innovation in indoor navigation solutions, aligning with the company’s strategic initiatives.
Strategic Investment in Iwayplus
MapmyIndia’s Board of Directors has approved an investment of ₹2,00,00,000 (Rupees Two Crore) in Iwayplus Private Limited. The investment, finalized on January 12, 2026, will take the form of Compulsorily Convertible Preference Shares (CCPS).
Stake Acquisition
The investment will result in MapmyIndia acquiring a 6.06% stake in Iwayplus on a fully diluted basis. This acquisition is aimed at supporting MapmyIndia’s strategic objectives.
About Iwayplus
Iwayplus is involved in the development, deployment, and operation of technology solutions for indoor navigation. They provide digital indoor mapping solutions and location-based services. Iwayplus caters to large indoor environments such as hospitals, academic campuses, airports, malls, and IT parks. The company’s turnover was Nil in FY 2023, ₹0.19 Crore in FY 2024, and ₹0.76 Crore in FY 2025.
Source: BSE
