MapMyIndia to spin off B2C unit; CEO Rohan Verma to head new venture

MapMyIndia plans to separate its B2C division into a new entity, led by current CEO Rohan Verma. The new venture, in which MapMyIndia will retain a 10% stake, will focus on consumer products under the Mappls brand. This move aims to provide dedicated focus to the consumer business while MapMyIndia continues to concentrate on its core B2B and B2B2C operations.