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Monday, February 16. 2009

Qualcomm Ventures Invests $9 million in MapMyIndia

LBS

MapMyIndia provides digital maps, location-based services and GPS navigation on handhelds and in cars. The investment, along with others from Kleiner Perkins Caufield Byers, Sherpalo Ventures and Nexus India Capital may lead to expansion outside of India. A telling comment from MapmyIndia MD Rakesh Verma: "After the acquisition of Navteq, the field has been opened. We are examining and have plans for venturing overseas in 2010-11."

- Economic Times

Posted by Adena Schutzberg in LBS, GIS Jobs at 06:00 | Comments (0) | Trackbacks (0)

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