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Motilal Oswal's IPO Report
CE Info Systems Ltd. (MapmyIndia) is India’s leading provider of advanced digital maps, geospatial software and location based Internet of Things technologies. It is a leader in the business-to-business and business-to-business-to-customer market, serving over 500 enterprise customers across three major categories - corporate, automotive and government.
Some of the marquee names include PhonePe, Flipkart, Yulu, HDFC Bank Ltd., Bharti Airtel Ltd., Hyundai, Avis, Safexpress, GST Network, etc.
Given its early mover advantage and continuous innovation, MapmyIndia has been able to build a proprietary end-to-end technology driven and artificial intelligence-assisted mapping systems, that is difficult to replicate.
This along with large network effect (covers 98.5% of India’s road network) has created strong entry barriers for the company.
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