Podcasts about mapmyindia

Join host Nataraj as he sits down with Karthee Madasamy, the Managing Director of MFA Partners, to discuss his journey from chip designer to venture capitalist in the world of deep tech.About the Episode:This episode explores Karthee's transition from a technical background in semiconductors and wireless communication to a successful career in venture capital. He shares his experiences at Qualcomm Ventures, where he led investments in companies like Waze and MapMyIndia, and discusses his current focus on deep tech companies at MFA Partners. Karthee provides valuable insights into the evolution of venture capital, the challenges of raising a fund, and the exciting potential of technologies like AI, robotics, and quantum computing.Karti dives into the nuances of investing in deep tech, sharing his investment thesis for MapMyIndia and highlighting the importance of understanding technology commoditization. He also discusses the incentive structures within corporate venture capital versus traditional VC firms, and offers advice for those considering a career in the field.About the Guest and Host:Karthee Madasamy: Managing Director of MFA Partners, previously Managing Director and Vice President at Qualcomm Ventures. → LinkedIn: https://www.linkedin.com/in/kartheemfv/Nataraj: Host of the Startup Project podcast, Senior PM at Azure & Investor. → LinkedIn: https://www.linkedin.com/in/natarajsindam/→ Twitter: https://x.com/natarajsindam→ Email updates: ⁠https://startupproject.substack.com/⁠→ Website: ⁠⁠⁠https://thestartupproject.io⁠⁠⁠Timestamps:00:00 - Introduction00:51 - Karthee's Journey into Venture Investing02:46 - First Job in Venture Capital04:52 - Early Deals and Learnings07:34 - Identifying Technology Commoditization09:56 - Investment Thesis for MapMyIndia13:32 - Incentives in Corporate vs. Traditional VC18:09 - Starting MFA Partners and Fundraising Challenges23:37 - Lessons Learned from Fundraising25:01 - The State of Deep Tech32:42 - Investing in PsiQuantum and the Future of Quantum Computing43:34 - Staying Updated and Influential Content45:54 - Key Learnings about InvestingSubscribe to Startup Project for more engaging conversations with leading entrepreneurs!→ Email updates: ⁠https://startupproject.substack.com/⁠#startupproject #deeptech #venturecapital #investing #qualcommventures #mfapartners #ai #robotics #quantumcomputing #technology #innovation #entrepreneurship #podcast #youtube #tech #mapmyindia #waze #psiquantum #semiconductors

Is the enterprise opportunity on the rise in the world of augmented reality, or AR? Just this week, Microsoft, maker of HoloLens, has announced a partnership with Anduril, the US deep-tech defence startup founded by Palmer Luckey, the inventor of the Oculus headset, now part of Meta, and Snap has released the latest version of its AR Spectacles. To understand the landscape better, we speak with Milind Manoj, co-founder and CEO of Pupilmesh, a head-mounted display systems deep-tech startup that's part of MapMyIndia.

In this episode of Market Minutes, Nandita Khemka talks about the key factors to watch out for today before the equity market opens. Indian equity market saw a stellar upmove with Sensex smashing the 78,000 milestone. Will the momentum continue and can the Nifty sprint to 24,000 in the next couple of sessions? Mapmyindia, L&T group of stocks, Sanghi Industries and Mazagon Dock are some of the stocks to watch out for in today's session. Also catch Nirav Karkera of Fisdom Research in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Nandagopal Rajan and Rohan Verma, CEO & Executive Director, MapmyIndia talk about the growth in technology of mapping and navigation. They talk about everything, from solving very specific problems like locating speed bumps and potholes to working with ISRO for expanding the scope of mapping beyond the confines of land and into the deep waters and a lot more.

Elon Musk praises Tesla's self-driving capabilities, former chairman of Bank of China arrested for corruption, CFTC files lawsuit against Voyager Digital and former CEO, Charlie Munger's fortune could have exceeded $10 billion, MapmyIndia's shares double in value, Shell's stock price reaches record high, private equity investor warns of systemic risk in life insurance industry, Rite Aid files for bankruptcy, Frasers Group increases stake in Boohoo Group, and KKR submits binding bid for Telecom Italia's fixed access network.

“A good business is like a strong castle with a deep moat around it. I want sharks in the moat. I want it untouchable.” — Warren Buffett Greetings from SOIC! Dear Investors, the use of technology in our daily life is increasing, this statement can be changed to the use of technology is unimaginable in our lives. Whenever we are about to venture out of our house the first thing we check is our mobile phone. Our phone contains our money, contacts, documents and much more. We are dependent upon our mobiles for getting the directions, traffic updates and location of nearby petrol pumps, restaurants, chemists and our other destinations. Today we analyse A Unique Monopoly business called C. E. Info Systems Ltd. commonly known as MapMyIndia. We will take a look at its unique proposition, business segments, growth plans, competitive advantages, P2P Analysis, Valuations and Thesis-Antithesis pointers. Businesses with Supply Side Dominance and Uniqueness automatically filter in SOIC Framework. Enjoy the podcast and feel free to post your feedback on our social media. 00:00 Introduction: Monopoly Businesses 04:21 Is it a Good Business? 09:53 Use Cases of Maps 15:06 Business Segments 20:19 P2P & Valuations 28:55 Thesis & Antithesis

Rohan Verma, CEO of MapmyIndia talks about how the company has grown and evolved over the last 30 years. White paper on Indian supplier landscape: “Driving innovation in the Indian space sector using digital technologies”Discover how Dassault Systèmes can help New Space companies achieve fast, sustainable innovation: The New Frontier of Satellite Technology 3D Perspective on New Space, new horizons Support the NewSpace India podcast by becoming a Patreon - https://www.patreon.com/newspaceindiaWant to keep in touch with the NewSpace India community? Do join us on Discordhttps://discord.gg/WRJ8Yagb8TUniverse by Sappheiros https://soundcloud.com/sappheirosmusicCreative Commons — Attribution 3.0 Unported — CC BY 3.0 ★ Support this podcast on Patreon ★

Google has started to support third-party billing for Google Play Store purchases in India as the Android maker begins to comply with local rules, after its challenge to a diktat from India's Competition Commission was initially rejected by the country's top courts, but remains pending, TechCrunch reports. Meanwhile, C.E. Info Systems, better known for its geospatial software tech products under the brand MapMyIndia, which competes with Google Maps, for example, yesterday launched a new line of navigation and entertainment hardware products for cars and two-wheelers. Notes: Google has started to support third-party billing for Google Play Store purchases in India as the Android maker begins to comply with local rules, after its challenge to a diktat from India's Competition Commission was initially rejected by the country's top courts, but remains pending, TechCrunch reports. Google said on a support page yesterday that it is offering all developers serving users in India the option to use an alternative billing system and outlined the steps developers need to follow to use the option. The change is in “response to recent regulatory developments” in the South Asian market, the company said, according to TechCrunch. Back home in the US, Google is facing more anti-trust scrutiny. The latest development, according to Reuters, is that US Justice Department lawyers say that Google destroyed internal corporate communications and have asked a federal judge to sanction the company as part of the government's antitrust case over its search business. The DOJ asserted in a court filing unsealed in a Washington, D.C., federal court yesterday that Google failed to timely suspend a policy allowing the automatic, permanent deletion of employees' chat logs, according to Reuters. The government said Google “falsely” told the US in 2019 that it had suspended “auto-deletion” and was preserving chat communications as it was required to do under a federal court rule governing electronically stored information, according to Reuters. Google has refuted the US justice department's accusations, and also denied the underlying allegations that it abused its power in the internet search market. The US DOJ's sanctions bid marks at least the second time in the case that the government has sought to punish Google, according to Reuters. Meanwhile, here in India, C.E. Info Systems, better known for its geospatial software tech products under the brand MapMyIndia, which competes with Google Maps, for example, yesterday announced the launch of its new line navigation and entertainment hardware products for cars and two-wheelers. The products, branded Mappls Gadgets, taking on the same name as the Mappls consumer app of MapMyIndia, include advanced Vehicle GPS trackers, Dash Cameras, In-Dash Navitainment Systems & Smart Helmet Kits, the Mumbai-listed company said in a press release. Mappls Gadgets are available direct from the company at www.mapplsgadgets.com, as well as offline through approved genuine accessory showrooms of various OEMs. They can be shipped and installed pan India, with prices ranging from Rs. 4,990 to Rs. 38,990. The Mappls software is integrated into these devices and works on Android, including Android Auto, and iOS, including Apple Carplay.

In 2021, 125 Indian companies raised over $18 Bn through initial public offerings (IPO) in public markets.Out of $18 Bn, over $7.3 Bn was raised by 11 Indian Tech Startups from Nazara to MapmyIndia.In today's episode, we talk with Abhishek Goyal & Neha Singh, Co-founders, Tracxn, which recently went IPO.But unlike the other major tech startups which went IPO in recent years, at Tracxn, they decided to go IPO at a probably early stage, considering their ARR of $10 Mn.During the episode, they share there view point on why they chose to do it on an initial ARR rather than going IPO, once they've grown big enough and more.Notes - 00:37 - Intro to ​​Tracxn01:27 - Feeling of going IPO02:27 - Preparing for an IPO 05:06 - Splitting the roles within team to be prepared from Day 105:41 - Documents which they had to submit to SEBI or any other regulator for the DRHP06:46 - Trendsetter by going public at $10 Mn ARR08:44 - Convincing VCs for going IPO-early11:33 - Mentors from whom they took advice for going public12:59 - Is it possible to time the market for IPO? 14:58 - Raising an Anchor allocation Pre-IPO16:17 - Most stressful part of going IPO: Market Uncertainty18:34 - Rollercoaster set of emotions they went through22:24 - Moments of giving up during the whole process24:16 - How to prepare mentally before entering the IPO-process?24:33 - Zoho Sponsored – Prashant Ganti on Where do founders struggle with Payroll and how can they fix it?26:01 - IPO-Checklist and learnings31:26 - What does it requires for tech companies to go public?35:03 - Playbook where companies can go public and build in long-term35:54 - Founder aspiration beyond becoming UnicornAlso, try out a 30-day free trial of Zoho Payroll, and simplify your Payroll journey as an entrepreneur!https://zoho.to/zoho-payroll

CE Info Systems, better known as MapmyIndia, an advanced digital maps and location tech provider, yesterday announced the wider availability of its Mappls RealView, a made-in-India 360-degree panoramic street view and 3D metaverse maps service. This coincides with Google's relaunch of Street View in India. Swiggy's delivery agents are protesting pay-out cuts. And, in more Google news, the search giant will keep the cookies in Chrome, after all. At least until 2024, now. Notes: CE Info Systems, better known as MapmyIndia, an advanced digital maps and location tech provider, yesterday announced the wider release of its Mappls RealView, a made-in-India 360-degree panoramic street view and 3D metaverse maps service. MapmyIndia's announcement coincides with Google relaunching its Street View feature on Google Maps in India yesterday. The service is available on the company's free mapping portal, Mappls.com on the web for mobile and desktop and the Mappls App on Android and iOS, MapmyIndia said in a press release. “Users can virtually explore India like never before and see and interact with full 360-degree panoramas of streets and roads looking out into various tourist, residential and commercial areas of cities and travel destinations as well as highways,” CEO Rohan Verma said in the release. Users can also experience immersive 3D maps for pan India and detailed interactive 3D models of iconic tourist, commercial and residential landmarks across India. MapmyIndia has combined detailed house-address level 2D maps with ISRO's rich catalogue of satellite imagery and Earth observation data, to provide an immersive 3D experience, according to the company. Swiggy's delivery agents have been striking in Bengaluru, Mumbai and Delhi after the food delivery service provider cut their pay-outs, Economic Times reports. India's food and groceries delivery businesses, including listed company Zomato, are operating at a loss, burning through venture capital funds. Google, yesterday, said it will now hold off until 2024, in the latest update on its plans to replace third-party cookies for advertising, CNBC reports. “The most consistent feedback we've received is the need for more time to evaluate and test the new Privacy Sandbox technologies before deprecating third-party cookies in Chrome,” Anthony Chavez, Google's VP of privacy sandbox, wrote in a blog post. “As developers adopt these APIs, we now intend to begin phasing out third-party cookies in Chrome in the second half of 2024.” Cookies are small pieces of code in websites, tracking people's visits and clicks, and helping advertisers push targeted ads. Google had said last year it would end support for cookies in its Chrome browser by early 2022 once it figured out how to address the needs of users, publishers and advertisers and come up with tools to ease workarounds, according to CNBC. Now Google won't make the change for another two years. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds

In this video, we take a look at India's journey to 100 unicorns, from it's first ever startup unicorn in 2011, in the form of inMobi, to neobanking startup Open becoming 100th unicorn in 2022. The term 'unicorn' was created by American VC and entrepreneur Aileen Lee in 2013, she took all of the U.S.-based software companies that were started in or before 2003 and had achieved a valuation of $1 billion through public or private market investors, and put them in a club: the Unicorn Club. In India's case, it's unicorn journey started in 2011, when InMobi, a company that was founded in 2007, became a unicorn. Following this, Flipkart became a unicorn in 2012, Mu Sigma in 2014 and then Ola in 2014. Snapdeal also became a unicorn in 2014, but they have since exited from this club due to their valuation falling below $1 Billion. Companies like Quikr, Hike and Shopclues also fall in this category. Then we have companies who have been since acquired and also bags the question that should they be counted as unicorn today? Flipkart is an example here, which was acquired by Walmart. Then you have startups like Billdesk, which was bought by PayU, PhonePe getting acquired by Flipkart and BigBasket, which became a unicorn in 2019 and were acquired by Tata Digital in 2021. All this while, India's unicorn growth was pretty slow but steady till 2017, when Jio launched its 4G services, and this brought a mobile internet revolution in the country. From 1 unicorn in 2017, India saw 10 unicorns in 2018: B2C unicorns included Swiggy, OYO, BYJU'S, Policybazaar, Paytm Mall, and Phonepe, and B2B unicorns included Rivigo, Freshworks, Billdesk, and Udaan, which was the fastest company to become a unicorn at the time - it took them just 26 months. Then, in 2019, things slowed down a bit, with just 7 unicorns that year: in the B2C category were Ola Electric, Lenskart, Dream11, Delhivery, and BigBasket, and in the B2B category were Incertis and Druva. In 2020, COVID increased people's reliance upon the internet, and host of Indian e-commerce startups like Firstcry, Cars24, and Nykaa became unicorns. Facilitating these online payments resulted in fintech companies like Razorpay and Pine Labs also achieving unicorn status. B2C startups like Verse Innovation (Dailyhunt), ed-tech startup Unacademy, fintech startup Zerodha, and SaaS startup like Zenoti and Postman also became unicorn in the same year. 2020, was followed by an even bigger year in terms of unicorns in 2021, when 44 Indian companies became unicorns. This year saw 11 E-commerce startups (Spinny, OfBusiness, Moglix, Mensa, Meesho, Mamaearth, Licious, Infra.Market, Good Glam Group, GlobalBees, Droom), 11 Fintech startups (Zeta, Slice, Mobikwik, Groww, Digit, CRED, Coinswitch Kuber, CoinDCX, Chargebee, BharatPe and Acko) becoming unicorns. Then we have 5 enterprisetech and SaaS startups (Mindtickle, MapmyIndia, Gupshup, BrowserStack, Apna), 4 health startups (Cure.fit, Innovaccer, Pharmeasy, Pristyn Care), 4 consumer service startups (Blinkit, CarDekho, Rebel Foods, Urban Company), and 3 edtech startups (Eruditus, Vedantu and Upgrad) also becoming unicorns. Other 2021 unicorn categories include Media and Entertainment startups MPL and sharechat, Logistics startup Blackbuck, Traveltech startup Easemytrip , Real Estate startup Nobroker, and Manufacturing startup Zetwork. Talking about where where these startups coming from, they were all from tier 1 cities. Bangalore is leading this list with 39 unicorns, NCR region with 32 unicorns, mumbai with 16, Pune with 6, Chennai with 5 and Hyderabad with 2. Now we are halfway in 2022 and we have already produced and now it seems that by 2025, India will have upwards of 250 unicorns. So that will be exciting to watch and we will continue to track all of this in our upcoming episodes.

Our guest today is Rohan Verma, CEO and executive director at MapmyIndia, a Mumbai-listed company in the areas of digital mapping, geospatial technologies and automotive mobility technologies. In this episode, Rohan talks about why he is optimistic that a serious tech product ecosystem will emerge in India over the next five years. He also hopes that entrepreneurs with foresight will rise and make India self-reliant for the crucial underlying infrastructure as well. Notes: (00:47) Introduction to The Startup Fridays conversation (01:12) Our guest today — Rohan Verma, CEO and ED, MapmyIndia (02:32) On how MapmyIndia was started (04:31) Early applications and use cases (07:10) A couple of important milestones (09:02) Challenges in the early years of the company (11:36) Flagship products and platform of MapmyIndia today (14:01) The direction in which the company is growing (15:54) More on the tech — what's at the heart of MapmyIndia (18:17) Emerging use cases for location technologies (20:48) MapmyIndia for consumers (23:09) The toughest obstacles in building a tech product company in India (25:47) No centre in Silicon Valley — passionate about India (27:38) Biggest lessons (29:39) How being a public company's CEO is different (31:36) What did Rohan have to unlearn (33:41) What should India do to build up its tech products ecosystem (37:25) Liberalisation of geospatial data policies in India — significance (41:38) What worries Rohan about India's tech scene (44:39) Examples of crucial underlying building blocks in the tech industry that India must build its own (46:58) Rapid fire questions More about Rohan and MapmyIndia https://www.mapmyindia.com/ Theme music courtesy Twisterium https://shrtm.nu/Pxh9

In this episode, you will learn:Swapna's journey towards becoming a VC, and how her culture, upbringing, and work experience influenced the processHow is Qualcomm any different from other corporate VCs in the industry? How does their portfolio thesis set them apart?Qualcomm's fulfilling journey with MapMyIndia, culminating in its stellar IPO performanceHow should founders practice prudence while utilizing capital, and intangible resources? An illustration of ShadowfaxWhy is Qualcomm particularly interested in logistics and supply chain startups? How can better infrastructure fully tap this sector's potential in India?What is Qualcomm Women Entrepreneurs India Network? How does it aspire to motivate women entrepreneurs in Deeptech?What are some inequalities and prejudices miring the Indian startup ecosystem?What are the changing trends in the Indian startup industry? What composes its potential as a global investment market?AboutSwapna Gupta is a Director at Qualcomm Ventures India, based out of the Bangalore office. She manages investments across all sectors in the technology related ecosystem. She spends a significant amount of time building a high-quality deal pipeline, executing deals and portfolio management. She has led and manages investments in companies such as Locus, Zuddl, Shadowfax, Ninjacart, Stellapps, Moveinsync and Reverie (Acquired by Reliance) among others. Prior to joining Qualcomm, she was part of the Investment Banking team at EY, India where she concentrated on Private Equity and M&A of Technology/Telecom companies. She is also part of class 25 of the prestigious Kauffman fellow program.

Top headlines   ·       Sensex crashes 1,546 pts, Nifty below 17,150 amid US Fed uncertainty ·       Broader markets worst hit, BSE SmallCap index slips over 4% ·       BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20% ·       921 stocks freeze at lower circuit on the BSE ·       Sharda Cropchem hits record high on robust Q3 earnings   Dalal Street witnessed carnage on Monday with benchmark indices falling the most since April last year in intra-day deals. Panic selling amid uncertainty around the likely interest hikes by the US Federal Reserve spooked the markets.   The frontline BSE Sensex crashed nearly 2,000 points intra-day before staging a mild recovery to end 1,546 points, or 2.6%, down at 57,491.   On the NSE, the Nifty50 ended at 17,149, down 468 points or 2.7%, with only two stocks – Cipla and ONGC – managing to end in the green. Earlier in the day, it had slipped below the 17,000 mark, hitting a low of 16,998.   Among large-cap players, JSW Steel and Tata Steel plunged up to 7%, while Bajaj Finance, Grasim, Hindalco, Wipro, Tech Mahindra, Titan, and Reliance shed between 5% and 6% on the bourses.   The broader markets were the worst hit as they underperformed the benchmarks by logging significantly higher losses. The BSE MidCap and SmallCap indices lost 3.8% and 4.4%, respectively. From the latter, Astral, Godrej Properties, Vodafone Idea, Gland Pharma, and Zee Entertainment were among the top losers.   Overall, over 3,000 stocks declined on the BSE, while just 513 stocks managed to end higher. The volatility gauge – India VIX – also surged 20.8% to 22.8, indicating a high level of nervousness among investors ahead of the Union Budget.   Meanwhile, a total of 921 stocks were locked in their respective lower circuits, as against 259 stocks that were in their upper circuits.    Sectorally, all indices ended with sharp losses, led by the Nifty Realty, Metal, IT and Consumer Durable indices, down 6%, 5%, 4% and 3.4%, respectively. Oil & Gas, Financials, Auto and FMCG indices ended 2% lower each.   On the BSE, the IPO index closed 7% lower, as the recently listed stocks were also hammered amid a heavy sell-off in the markets. Zomato, Nykaa, MapmyIndia and Policybazaar ended 19.6%, 13%, and 10% lower, respectively. All these stocks hit their respective all-time lows since their listing on the market.   On the flip side, agrochemical company Sharda Cropchem was a major outlier in today's session, ending 15.5% higher on the BSE after it hit a new all-time high on the back of robust Q3 numbers. The company's net profit more than doubled to Rs 102 crore in the December quarter, while its revenue grew 78% year on year to Rs 879.8 crore, led by strong volume growth.   On Tuesday, auto major Maruti Suzuki, drugmaker Cipla and Torrent Pharma, along with Macrotech Developers and SRF, are likely to be in focus as investors will watch their Q3 earnings.   The Federal Reserve's meetings on Tuesday and Wednesday may also keep the markets on the edge as investors await clues on when and how the central bank might raise interest rates this year.

Last fortnight, MapMyIndia had a blockbuster IPO, becoming a $1Bn company as it listed after 3 decades. For more details Visit - https://ajuniorvc.com/mapmyindia-story-india-startup-ipo/

- China Mobile aims to raise up to $8.8B in Shanghai listing - MapmyIndia shares jump 54% on Mumbai market debut - Auction sales hit $15B in 2021 as global wealth surges #ChinaMobile #MapmyIndia #AuctionBoom

Top headlines   Benchmarks bounce back; Sensex ends 497 pts up, Nifty holds 16,750 Snapdeal files DRHP to raise Rs 1,250 crore through fresh issue C E Info Systems sees bumper debut at 53% premium CMS Info Systems IPO off to a slow start on day one   Headline indices bounced back in trade in line with global equity markets, as investors looked for value in beaten-down shares. IT, metals and index heavyweight Reliance Industries led the up-move, while select financials came under selling pressure in the latter half of the trading day.   The BSE Sensex opened with a positive gap of almost 500 points, and marched ahead to hit a high of 56,901, up over 1,000 points from its previous close. The index, however, pared gains towards the end of the day and settled 497 points higher at 56,319.   The NSE Nifty, meanwhile, surged to an intra-day high of 16,936 but eventually closed at 16,771, up 157 points.   IT stocks - HCL Technologies and Wipro - closed 4 per cent and 3.6 per cent higher, respectively. They were the major gainers among the Sensex 30 pack. Tata Steel, UltraTech Cement, Sun Pharma, Tech Mahindra, Titan, and RIL rallied between 1.5 per cent and 3 per cent.   Among major losers, PowerGrid Corporation closed 1.5 per cent lower. Further, investors also booked profits in banking stocks like Axis Bank, Bajaj Finance and SBI.   The BSE Midcap and the Smallcap indices finished with gains of 1.4 per cent and 1.3 per cent, respectively. The overall breadth was also fairly positive, with more than two advancing shares for every declining stock on the BSE.   Individually, MapmyIndia parent C E Info Systems had a bumper listing today. The stock listed 53.6 per cent higher than its issue price of Rs 1,033 per share on the BSE. The stock, however, pared some of its gains and eventually ended 33 per cent higher at Rs 1,376.    The shares of Adani Enterprises also rose nearly 2 per cent on the BSE after the company announced that it had received a Letter of Award from the Uttar Pradesh Expressways Authority to implement three major stretches of the greenfield Ganga Expressway.   That apart, state-run telecom company MNTL hit an over four-year high of Rs 29.90 after it rallied as much as 17 per cent on the back of heavy volumes on the BSE. The stock of the telco hit its highest level since January 2018.   On the downside, the shares of Unitech ended 5 per cent lower amid reports that the Enforcement Directorate had arrested promoters Ajay Chandra and Sanjay Chandra in a money-laundering case.   Among sectoral indices, the BSE Metals index surged 3 per cent, the Consumer Durables index was up 2.2 per cent, while the IT, Telecom and Realty indices rallied around 1.5 per cent each.   Meanwhile, in the primary market, SoftBank-backed Snapdeal filed the Draft Red Herring Prospectus for its initial public offering to raise up to Rs 1,250 crore through a fresh issue. The offer also consists of an offer-for-sale of up to 30.77 million equity shares by existing shareholders.   Besides, the IPO of CMS Info Systems was off to a slow start and was subscribed 40 per cent on day one of bidding. The retail quota was subscribed 79 per cent.

Emerging market liquidity is set to dial back as major central banks of developed economies adjust their policies to tackle the post-Covid era. The Federal Reserve, last week, announced that it would be aggressive on tapering bond purchases and announced several rate hikes in 2022. The Bank of England, on the other hand, hiked interest rates for the first time since the start of the pandemic, citing a strong labor market and the need to return inflation towards its 2% target. The European Central Bank struck a more dovish tone, further cutting its pandemic-era bond buying program but vowing to stay accommodative through 2022 and beyond. This is in contrast to the Reserve Bank of India, which decided to keep its repo and reverse repo rate unchanged at the December policy meeting even though it expected inflationary pressure to persist in the near-term. Analysts feel many emerging markets will be in an increasingly difficult spot, going-forward, as the current inflation shock could prove to be more permanent in developing economies than in the United States or Europe. “If conditions persist, the US central bank may not only hike rates but also begin the process of allowing bonds that it holds to mature and/or selling bonds to reduce the size of its balance sheet. This scenario is not priced in the markets and will be a big scare for risk assets, especially in EMs, which have been a beneficiary of global liquidity,” says Arvind Chari, chief investment advisor, Quantum Advisors Further, this gradual pullback in liquidity and easy money flow into EM equities will likely slow down their performance in 2022.   “Typically, the emerging markets (EMs) underperform their developed market (DM) peers in a scenario when interest rates in the developed world start to rise. Flows are directed towards DMs as FPIs have lack of interest in EMs,” says U R Bhat, cofounder and director, Alphaniti Fintech This shows up in the recent FPI activity in the equity market as well. While the rupee has depreciated by around 1% in December so far, topping the 76/$-mark, FPIs have been net sellers of nearly $3 billion in the equity market in the first fortnight of the same month. No wonder then that the BSE Sensex and the Nifty50 dropped 3% last week as India remains one of the richly valued emerging markets with a sticky inflation and a weaker currency. For now, the benchmarks stand at 57,012 and 16,985 levels, respectively, and are expected to trade in a narrow range this week. The 50-pack Nifty, for instance, is expected to trade within a range of 16,250 to 17,450, having support around 16,500 levels. The Sensex, meanwhile, may remain within a band of 55,700 and 58,100. On the global front, FII flows and news flow around the Omicron variant will be the key drivers for the markets this week, while domestically, initial public offers, new listings of Shriram Properties, MapmyIndia, Metro Brands, MedPlus Health and Data Patterns will guide the trajectory. Watch video

It's hard to take on a goliath in any industry. But imagine taking on somebody like Google Maps. It's crazy, right? However, that's exactly what Delhi-based MapmyIndia wants to do. It wants to fight tooth and nail with the American giant and it wants to do all this after having gone public. So in today's episode for 11th December 2021, we see how the company got to this point. We've launched a new endeavor to give simplified health and life insurance advice via Ditto Insurance. Book a free consultation call with our advisors or just drop us a text on WhatsApp for all your insurance queries. Check out Ditto: https://bit.ly/3CLTfsc Insta- https://www.instagram.com/joinditto/ Twitter- https://twitter.com/joinditto

India's third largest telecom player, Vodafone Idea, has been in the news for quite some time now, for all the right reasons. Starting from the government's relief package in September to tariff hikes in November, the debt-laden telco seems to be getting its act together. Now, according to a Business Standard report, the company has managed to raise funds for interest payment to its bondholders due on December 13. Reacting to the report, shares of the company zoomed 16.5 per cent intra-day to hit a fresh 52-week high of Rs 16.6 per share. This was also the share's highest level since May 2019. So, do these developments signal at a change of fate for Vodafone Idea? Not really, feel analysts. According to Balaji Subramanian, telecom sector expert at IIFL Securities, the tariff hike would offer a welcome relief for Vi. But, it is just the first step in the right direction. The company still has a long way to go before it becomes competitive. Remember, Vi has the lowest ARPU – or average revenue per user -- among telecom companies. That apart, Vodafone Idea's market share loss has continued in the first half of fiscal 2021-22, though the pace of market share loss has moderated. Given this, Tarun Lakhotia and Hemang Khanna of Kotak Institutional Equities believe VIL may find it difficult to reverse the loss of subscribers as it is expected to remain behind Bharti Airtel and Reliance Jio on pan-India network coverage and capabilities (4G/5G) as well as service offerings. From an investment viewpoint, AK Prabhakar, head of research at IDBI Capital, prefers Bharti Airtel over Vodafone Idea as the latter has been continuously losing customers and the tariff hike, he believes, will likely benefit rival firms more. That said, for short-term traders, Vi's stock offers a great opportunity. The stock has recently broken out on tech charts, and has crossed the 200-weekly moving average, placed at Rs 15.10, for the first time since February 2016. With this, it is all set to rally towards Rs 21 levels, gaining almost 28 per cent in the short-term, from current levels. The immediate support levels are at Rs 12 and then at Rs 10. Overall, since the moratorium on spectrum and adjusted gross revenue-related dues are just supports and not the primary source of income, the company must look at augmenting its revenue stream. Now, coming to Friday's session, primary market action will keep investors busy today. To begin with, this week's fourth IPO – that of Metro Brands – will open for subscription today, and will close on December 14. The Rakesh Jhunjhunwala-backed Indian footwear speciality retailer aims to raise up to Rs 1,367.5 crore. The price band of the initial share sale has been fixed at Rs 485-500 per share. That apart, the IPO of MapmyIndia will enter its second day today and has been subscribed over 1.5 times so far. The third active IPO for today is that of Shriram Properties, which has been subscribed over little over 100 per cent so far. The issue will close for subscription today. In the secondary market, investors will track news flow around the Omicron coronavirus variant, global cues, industrial production data and retail inflation data. Besides, Star Health and Allied Insurance will debut on the bourses today. India's largest private health insurer cut the size of its initial public offering to approximately Rs 6,400 crore from Rs 7,249 crore earlier after a subdued response to the IPO last week. Watch video

Top headlines • Benchmarks rally for a 3rd straight day; Sensex up 157 pts, Nifty atop 17,500 • Vodafone Idea hits over 2-year high • ITC to hold its first ever analysts' meet on Dec 14 • MapmyIndia IPO sails through on day 1; RateGain ends up with 16 times subscription Bulls had the upper hand in the tug of war seen in markets today, with benchmarks ending higher for a third straight day. Lack of domestic triggers and weekly F&O expiry kept the indices volatile through the day, with the BSE Sensex gyrating over 500 points intra-day. At close, the BSE benchmark stood at 58,807, up 157 points or 0.27 per cent. The NSE Nifty50, on the other hand, ended 47 points higher at 17,517. ITC, up 4.6 per cent, was the biggest gainer on the Sensex today. This was after the company announced it would hold its first ever Institutional Investors and Financial Analysts Day on December 14. L&T, Asian Paints, RIL, M&M, and Tech M, all up between 0.5 and 3 per cent, were the other top gainers on the index. The biggest laggards were HDFC Bank, Titan, Nestle India, NTPC, Power Grid, and HDFC. In broader markets, the BSE MidCap index closed 0.4 per cent higher and the BSE SmallCap index added 0.8 per cent. Individually, the shares of Vodafone Idea jumped nearly 17 per cent intra-day to hit a high of Rs 16.7 apiece on the BSE. The shares hit their highest level since May 2016 on the back of reports that the company had managed to raise funds for a repayment of interest amounting to around Rs 6,000 crore to bondholders, starting December 13. They ended 15 per cent higher on the BSE. Among sectors, the Nifty Bank index was the top loser, down 0.5 per cent, while the Nifty FMCG index gained 1.4 per cent. Meanwhile, in the primary market, the public offer of MapmyIndia sailed through on the very first day of the issue and was subscribed 1.56 times as at 3:45 PM. The IPO of Shriram Properties has also garnered 1.2 times subscription so far on day 2. Lastly, the initial share sale of RateGain Travel Technologies has been subscribed 16.45 times as at 4:00 PM on the last day of the issue. On Friday, primary market activity, retail inflation and IIP data, and global cues will guide the sentiment on the Street. The fourth IPO for this week – Metro Brands – will open for subscription tomorrow and will run through December 14. Separately, Star Health Insurance will also debut on the bourses tomorrow.

The monetary policy committee of the Reserve Bank of India kept the repo rate unchanged at 4 per cent, on expected line, for the ninth straight policy meeting on Wednesday. It also maintained an accommodative stance, and ensured enough liquidity support, amid the threat surrounding Omicron coronavirus variant. In his policy statement, RBI governor Shaktikanta Das said that given the slack in the economy and the ongoing catching up of activity, which is still below its pre-pandemic levels, continued policy support is warranted for a durable and broad-based recovery. He also said the MPC regarded the accentuation of headwinds emanating from global developments as the main risk to the domestic outlook. And even though the Indian economy is relatively well-positioned on the path of recovery, it cannot be immune to global spillovers, Das said. Overall, the RBI maintained its FY22 GDP and inflation projections at 9.5 per cent and 5.3 per cent, respectively. For Aurodeep Nandi, who is India Economist & Vice-President at Nomura, RBI's latest policy announcement showed that the economic growth is gaining traction, but it still needs policy support. He says, while the RBI is likely to continue remaining behind the curve for now, the upside risks on inflation make an inflection in monetary policy trajectory inevitable. He sees a 100bp policy rate hike in 2022. Post the announcement, benchmark indices vaulted nearly 2 per cent with all the sectoral indices ending the day with a bullish bias. The BSE Sensex index sprinted 1,016 points to end at 58,650. The NSE Nifty, on the other hand, reclaimed the 17,450-mark and settled at 17,469, up 293 points. Among rate sensitive sectors, the Nifty Bank and Auto indices gained up to 2.5 per cent while the Nifty Realty index climbed 1.7 per cent. Individual shares, meanwhile, rallied up to 4 per cent on the BSE. Among other financials, Manappuram Finance can rally 7 per cent to Rs 190 levels while DLF, from the realty pack, can jump 9 per cent to Rs 431. Now, with a major event behind us, equities will yet again track global cues for further market direction. Weekly F&O expiry, stock-specific action and primary market activity will also guide the investment sentiment on Thursday. Today is the last day to apply for RateGain's initial public offer. So far, the issue has been subscribed over 60 per cent backed by strong retail interest. That apart, the IPO of Shriram Properties will enter its second day today. The Rs 600-crore public offer nearly sailed through on the first day of the issue. Lastly, CE Info Systems, which operates MapmyIndia, will hit the primary market today. The price band for the initial stake sale has been fixed at Rs 1,000-1,033. The issue is open for subscription till December 13. Watch video

Rohan, Rakesh, and Rashmi Verma talk about MapMyIndia -- its roots, how it stood up to Google, and how it plans to use technology to change the world.

This week in Indian Startup News, Ola to set up the world's largest two-wheeler EV charging network, Tvasta builds India's first 3D printed house, Zomato files for IPO, Indian startups fight against COVID19, CCI approves BigBasket-Tata deal, Lenskart acquihires DailyJoy and Instamojo acquihires Showman. In funding news, OneWeb raises $550 million, Urban Company raises $190 million, upGrad raises $120 million, Stanza Living raises over $100 million, ElasticRun raises $75 million, Bizongo raises $51 million and LEAD School raises $30 million. Ola to set up world's largest two-wheeler EV charging network: Ola is setting up the world's largest two-wheeler EV charging network – Hypercharger Network. Their Hypercharger Network will consist of 100,000 charging points across 400 cities – expected to be completed in the next five years at an estimated cost of $2 billion. You will only be able to charge Ola's electric scooters at their hypercharger network and they will be able to charge the electric scooters up to 50% in just 18minutes – giving a range of 75 km. Tvasta builds India's first 3D printed house: Tvasta, a startup by three IIT Madras alumni, has built India's first 3D printed house. This is a 1 BHK house with a built-up area of 600 square feet. It demonstrates the ability of 3D printing in bringing down the time of building houses from 4-5 months to just 5 days but also reducing the cost by 20-30%. Zomato files for IPO: Indian food delivery startup Zomato has filed for the IPO – on track to becoming the first Indian unicorn to go for IPO. Through the IPO, Zomato will be raising $1.1 billion - $1 billion in fresh offering and $100 million coming from Info Edge selling their shares. Indian startups fight against COVID19: A bunch of Indian startups are working to fight the second wave of COVID19 – Delhivery is flying chargers to bring Oxygen concentrators into India, dating app TrulyMadly is using their matchmaking algorithm to match plasma donors with patients, NoBroker is organizing doorstep vaccination drives and MapmyIndia is installing free GPS devices in vehicles that are suppling essential medical equipment. CCI approves BigBasket-Tata deal: CCI has approved the acquisition of BigBasket by Tata Digital – as Tata looks to build their own Super App. Lenskart acquihires DailyJoy: Lenskart has acquihired Hyderabad-based grocery delivery startup DailyJoy to strengthen their Hyderabad tech centre. Instamojo acquihires Showman: Instamojo has acquihired vernacular content startup Showman to strengthen its tech and product capabilities. OneWeb raises $550 million: Satellite internet company OneWeb has raised $550 million from Eutelsat Communications after launching 36 more satellites into space. The company now has 182 out of 648 satellites in space for their constellation. Urban Company raises $190 million: On-demand home services provider Urban Company has raised $190 million at a $2 billion valuation – making it India's 11th unicorn this year. upGrad raises $120 million: Edtech startup upGrad has raised $120 million from Singapore's Temasek in their first external funding round. Stanza Living raises over $100 million: Student housing startup Stanza Living has raised more than $100 million in a round led by Falcon Edge. ElasticRun raises $75 million: ElstaicRun has raised $75 million in a round led by Avataar Ventures and Prosus Ventures to help neighbourhood stores in securing working capital and inventory. Bizongo raises $51 million: B2B platform for packaging products Bizongo has raised $51 million in their Series C round to expand into the Southeast Asian markets. LEAD School raises $30 million: Edtech startup LEAD School has raised $30 million in a round led by GSV Ventures and WestBridge Capital.

Rohan, Rakesh, and Rashmi Verma talk about MapMyIndia -- its roots, how it stood up to Google, and how it plans to use technology to change the world.

Sri. Rakesh Verma is the Managing Director and Founder of MapmyIndia –  which is a leader in digital map data and associated technologies and  products. Mr. Verma is a true innovator and visionary who quit a  successful career in the USA with General Motors to return to India and  build for Bharat. In this conversation, Mr. Verma described his journey  of the last two decades, how he persevered to invest in a space that had  multiple challenges including the fact that he had to take on one of  the World's largest software companies – Google. MapMyIndia was last  valued at around 4700cr in 2015, it's Move app recently won the  Aatmanirbhar Bharat Innovative Challenge, and it has struck an  interesting partnership with ISRO to build indigenous solutions in  mapping.

Sri. Rakesh Verma is the Managing Director and Founder of MapmyIndia –  which is a leader in digital map data and associated technologies and  products. Mr. Verma is a true innovator and visionary who quit a  successful career in the USA with General Motors to return to India and  build for Bharat. In this conversation, Mr. Verma described his journey  of the last two decades, how he persevered to invest in a space that had  multiple challenges including the fact that he had to take on one of  the World's largest software companies – Google. MapMyIndia was last  valued at around 4700cr in 2015, it's Move app recently won the  Aatmanirbhar Bharat Innovative Challenge, and it has struck an  interesting partnership with ISRO to build indigenous solutions in  mapping.

One of the oldest tech companies in India's cartography space, MapmyIndia, recently announced a partnership with ISRO after the government deregulated geospatial data. Now that it will have access to satellite imagery, MapmyIndia is all set to create new mapping products that will be more detailed with real time updates. In this episode, Nandagopal Rajan […]

This week in Indian Startup News, SoftBank cuts ties with Oyo in Latin America, MapmyIndia partners with ISRO to take on Google Maps, Tesla to set up an EV manufacturing unit in Karnataka, Glance could buy TikTok India, ReNew Power looks to IPO through SPAC and Byju's & Unacademy's acquisition spree. In funding news, KreditBee raises $75 million, Shiprocket raises $27 million and Zolve raises $15 million. SoftBank cuts ties with Oyo in Latin America: Last year in September, SoftBank had partnered with Oyo in Latin America to manage 1,000 hotels. It had also invested $75 million (Rs 545 crore) in Oyo Latam -Oyo's Latin American unit. In less than six months, SoftBank has decided to end its joint venture in Latin America and it would no longer invest in Oyo in the region. As a result, Oyo will end up laying off most of its staff in the region. MapmyIndia partners with ISRO to take on Google Maps: MapmyIndia, a company that offers digital mapping solutions, has partnered with the Indian Space Research Organization (ISRO) to build a fully indigenous mapping portal and geospatial services for India. Tesla to set up an EV manufacturing unit in Karnataka: Karnataka's Chief Minister BS Yediyurappa has said that Tesla will set up an electric car manufacturing in India. Glance could buy TikTok India: Bloomberg report claims that ByteDance is in talks with Glance (the company that owns short video app Roposo). The deal could get complicated due to India and China's relationship. If talks progress, the Indian government might ask the company to keep user data and technology of TikTok within the country. ReNew Power looks to IPO through SPAC: One of India's largest renewable energy company ReNew Power is looking to go public in the US. They are in talks with RMG Acquisition for a merger which will allow them to go public at a valuation of $4 billion (Rs 29,000 crore). Byju's & Unacademy's acquisition spree: Edtech unicorn Unacademy has acquired a majority stake in TapChief, which is an online platform that enables professional to interact with experts and work with businesses. This is Unacademy's seventh acquisition in 12 months. Even Byju's has acquired four startups and could also end up buying edtech platform Toppr in a $150 million deal. KreditBee raises $75 million: KreditBee has raised $75 million from PremjiInvest, Mirae Asset Venture, Alpine Capital and Arkam Ventures in their series C round. Shiprocket raises $27 million: Ecommerce logistics aggregator Shiprocket has raised $27 million from Tribe Capital, March Capital, DST Global's Rahul Mehta and Bertelsmann India Investments. Zolve raises $15 million: Neobanking startup Zolve has raised $15 million from Accel, Lightspeed Venture Partners, Blume Ventures, Founders Collective, Kunal Shah (CRED), Ashish Gupta (Former MD of Helion Venture Partners), Gregg Kidd (Co-founder of GlobaliD), Rahul Mehta (MD of DST Global) and Rahul Kishore (Senior MD of Coatue Capital). Follow Backstage with Millionaires to remain updated with our latest developments.

India has opened up access to geospatial data for local companies to spur innovation in mapping. Lalitesh Katragadda, Founder of Google Map Maker, Rohan Verma, CEO of MapmyIndia, and ET's Shantanu Nandan Sharma explain how Indian companies will benefit from the new policy, the hurdles in implementation and if existing players will feel the pinch.

Rohan Verma, the CEO & Executive Director, MapmyIndia joins Divya on this episode. MapMyIndia, is a truly Indian company with 25 years of passion, working towards making India smart and digital - it offers digital map data, telematics, location-based SaaS and geographic information services They discuss: Q. What is the core problem you are trying to solve with MapmyIndia? Q. How difficult has it been building such an accurate map of India? India being a developing country, would have its own set of challenges. Q. How long before eLoc becomes a national reality? (a 6 digit code for every address) Q. How do you differentiate your product from Google? What do you offer that Google maps do not? Q. Does MapmyIndia make revenue through ads like Google? Q. MapmyIndia follows a B2B2C model more than a direct B2C consumer model. How does one figure out what would be the best model for their company to operate it? Any tips for startup founders out there? Q. How is MapmyIndia aiding local startups? Q. What can we expect in the future with MapmyIndia? Q. What would you say your biggest mistake has been in this industry as an entrepreneur? Or your most significant learning? Follow the Dialogue Room IG page to become smarter https://www.instagram.com/dialogueroom/ --- Send in a voice message: https://anchor.fm/dialogue-room/message

I speak to Mr Rakesh Verma, Chairman & MD of MapmyIndia (@MapmyIndia) India's leader in premium quality digital map data , GPS navigation, tracking, and location apps. We talk about his inspiring entrepreneurial story. Thoughts on the startup scene in India. He shares top leadership advice, he also talks about conviction , passion , happiness and not having the Monday Morning blues! In this conversation , we also talk about: Getting Coca-Cola as the first customer How it works is he having fun? Business Models Plans for the future Dealing with the ups & downs Working with his wife Are your building a startup or a business?