News in English

MapmyIndia will not invest Rs 35 crore in new B2C venture: outgoing CEO Rohan Verma

The chief executive officer (CEO) said that although MapmyIndia's board approved the investment, it will not take place due to the concerns of the minority investors. Instead, Verma will be using his own funds to run the venture. However, the parent company, CE Info Systems, will get a 10% stake in the venture.

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