MapmyIndia has acquired a minority stake of around 6% in indoor navigation startup Iwayplus for ₹2 crore, marking its entry into the indoor mapping and navigation space and expanding its location intelligence offerings.
MapmyIndia said the investment is part of its plan to back innovative technology and expand its business portfolio, as stated in its latest regulatory filing.
The minority stake acquisition strengthens its mapping stack by adding indoor navigation capabilities, enabling seamless outdoor-to-indoor navigation.
This move enhances MapmyIndia’s relevance across airports, hospitals, campuses and smart cities, supports enterprise and government use cases, and aligns with its long-term shift towards becoming a full-stack location intelligence platform.
Founded in 2022 by Vikas Upadhyay and Pulkit Sapra, Iwayplus develops indoor mapping and navigation solutions for large facilities such as hospitals, airports, malls, campuses and IT parks.
Its offerings include indoor maps, real-time navigation, positioning technologies and location-based services, supported by hardware such as Bluetooth beacons and sensors.
The startup reported a turnover of ₹76 lakh in FY25, a fourfold increase from ₹19 lakh in the previous year.
The investment comes amid MapmyIndia’s broader strategy of taking stakes in complementary businesses, even as its Q2 FY26 net profit declined 39% year-on-year to ₹18.5 crore, while operating revenue rose 10% to ₹113.8 crore.
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The investment marks MapmyIndia’s strategic expansion into indoor navigation, complementing its existing geospatial strengths. By integrating Iwayplus’s indoor mapping solutions, the company enhances its end-to-end navigation offerings across key infrastructure sectors such as airports, hospitals and smart cities, while reinforcing its long-term full-stack location intelligence vision.
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Published on: Jan 13, 2026, 1:35 PM IST
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