Under AppmyIndia program, startups and developers leverage best-in-class stack of maps and location technologies, ready reach to 5000+ enterprise customers and angel and institutional financial investment opportunities through LetsVenture startup funding platform
MapmyIndia and LetsVenture announced their partnership to encourage startups and developers in India to leverage MapmyIndia’s map and location technology stack to solve problems for Indian and global markets, and to get the opportunity to pitch for investments from leading angels and institutions that are part of the LetsVenture platform. This was announced on the sidelines of LetsIgnite, India’s largest angel investor conference being held in Bengaluru.
Enterprises, startups and developers can develop the best solutions and build the most profitable and impactful enterprises by infusing rich and valuable location intelligence from the MapmyIndia Stack into their own apps, IoT devices, solutions, systems and workflows by integrating. The MapmyIndia Stack is India’s best and most powerful set of digital map data, APIs, professional services and customized solutions covering maps, navigation, tracking and location analytics and includes the latest innovations from MapmyIndia such as eLoc, India’s first nation-wide digital address system which is essentially a 6 character code for every doorstep/place across India.
As part of this latest partnership, LetsVenture will support shortlisted AppmyIndia developers and startups building on the MapmyIndia Stack to showcase their products to global investment community. LetsVenture will also provide pitch review for the shortlisted start-ups that are ready to raise funding and work with them during the deal syndication process. This partnership will accelerate MapmyIndia’s goal of empowering the entire Indian startup ecosystem through its AppmyIndia platform, wherein developers & startups can get access to MapmyIndia’s API and solution stack to make powerful apps, submit innovative & radical ideas, evangelize location technology through creative ads, and submit research proposals for prizes up to Rs. 10 lacs, as well as go-to-market support for key enterprise engagements and mass consumer distribution.
The AppmyIndia developer community is already 10,000 strong. Increasing numbers of startups, developers and technology companies and public sector are building powerful apps, IoT devices, SaaS solutions and enterprise systems which have real world transformational impact, are better in quality and capability, and which result in much better profitability, due to the accuracy, detail, comprehensiveness and quality of MapmyIndia’s stack of maps and location technologies. This stack has been built over 20 years, through 750 mapping and surveying experts, by deploying Rs 200 crore of capital investments, and using cutting-edge equipment and technologies.
“MapmyIndia is uniquely positioned to support the entire ecosystem directly through its products and solutions and indirectly through our developer platform, AppmyIndia, thanks to our 20 years of pioneering and visionary efforts and Rs 200+ crore of investments in building the largest and best technology stack and digital map database intellectual property. Through our AppmyIndia program, we are encouraging tens of thousands of startups and developers to leverage our API and product/platform stack to build the best solutions to transform India, and are offering the first group of winners, cash prizes up to Rs 10 lakhs. Thanks to this LetsVenture partnership, the best AppmyIndia developers and startups now and in future will have opportunities to receive financial investments to help grow their business,” said Rohan Verma, Executive Director and CTO of MapmyIndia.
“At LetsVenture, our vision has been to make the fundraising process democratic, transparent and efficient. At the same time we strongly believe that funding is a milestone and not the goal. From that perspective, MapmyIndia’s AppmyIndia program is in perfect alignment as jointly we will be able to have a much larger impact by enabling entrepreneurs to use the right tools to solve problems, build business and also complete their funding.” said Chaitanya Ramalingegowda, VP – Investor Relations.
