Nexus invests 10 crore in MapMyIndia's owner

From AlooTechie

CE Info Systems, which owns MapMyIndia.com, has received an investment of Rs 10 crore from venture capital firm, Nexus India Capital. Following the investment, Suvir Sujan, managing director, Nexus India, has joined the board of CE Info Systems.

CE Info Systems has partnered with Yahoo India, Wayfinder and Airtel to offer mapping services to internet and mobile users in the country. With intent to reach out to a larger audience in the consumer space, the company has also launched India's first interactive mapping portal MapMyIndia.com.

These navigable maps are designed for use on multiple media including internet portals, car navigation, mobile navigation and several other location-based and GIS applications targeting the needs of consumers and enterprises.

CE Info Systems, a pioneer of Geographic Information Systems (GIS) in India, has been focussed on the development of navigable maps.