CE Info Systems , the parent company of digital mapping firm MapmyIndia, has announced strategic investments totaling ₹250 crore in quick commerce platform Zepto and its IoT subsidiary GTropy Systems. The company also reported robust financial results for the first quarter.

Strategic Investments

The Board of Directors of CE Info Systems has approved two significant investments:

1. A ₹25.00 crore investment in Zepto Private Limited, a leading quick commerce platform. The company will acquire 75,18,797 Compulsorily Convertible Preference Shares (CCPS) at ₹33.25 per share, representing approximately 0.0490% of Zepto's share capital.

2. An investment of ₹24.99 crore in GTropy Systems Private Limited, its material subsidiary. This move will increase CE Info Systems' stake in GTropy from 75.98% to 96%, with an option to acquire the remaining 4% within four years.

Q1 Financial Highlights

CE Info Systems reported strong financial performance for Q1:

The company's map-led business saw a robust 26% year-on-year growth, contributing ₹98.20 crore to the revenue with an EBITDA margin of 54.80%.

Segment-wise Performance

• Automotive & Mobility Tech (A&M) revenue grew by 24.40% year-on-year.
• Consumer Tech & Enterprise Digital Transformation (C&E) business reported a 16.10% year-on-year increase.

Management Commentary

Rakesh Verma, Chairman & Managing Director of MapmyIndia, stated, "MapmyIndia has started on a strong footing, delivering robust financial performance across key metrics in Q1. The strong performance reinforces our belief in the scalability and sustainability of our strategy."

He also highlighted the company's focus on Live High Definition Maps (HD Maps) and their applications in autonomous driving and lane-level navigation experiences.

Future Outlook

CE Info Systems remains confident about achieving its revenue goal of ₹1,000 crore in FY28. The investments in Zepto and GTropy Systems are expected to enhance the company's capabilities and adoption of its suite of solutions in the fast-growing quick commerce and IoT industries.

The company continues to expand its product offerings and client base, with notable wins and go-lives across automotive OEMs, fleet operators, technology startups, traditional enterprises, and government departments, including defense.

As CE Info Systems strengthens its position in the digital mapping and location-based services sector, these strategic investments and strong financial performance indicate a promising trajectory for the company's growth and market expansion.

CE Info Systems , also known as MapmyIndia, a leading digital mapping and location intelligence company, has announced a significant collaboration with India Post to improve last-mile digital address connectivity across the country. This partnership marks a notable advancement in India's digital infrastructure and addressing systems.

Integration of DIGIPIN System

MapmyIndia has successfully integrated India Post's DIGIPIN system into its Mappls app, offering users an innovative 'last mile digital address connectivity' solution. This integration allows users to generate unique digital pins for any location throughout India, significantly enhancing the precision of addressing.

Key Features of the Collaboration

• Unique Digital Pins: Users can now create specific digital identifiers for any location in India.
• Enhanced Precision: The integration aims to improve the accuracy of location-based services and address identification.
• Nationwide Coverage: The service is available across India, potentially revolutionizing how addresses are managed and located in both urban and rural areas.

Reciprocal Integration

In a reciprocal move, India Post has integrated MapmyIndia's Map APIs into their systems. This two-way collaboration suggests a comprehensive approach to improving digital mapping and postal services in India.

Implications for Users and Businesses

This partnership between MapmyIndia and India Post could have far-reaching implications for various sectors:

• E-commerce and Delivery Services: More accurate addressing could lead to improved delivery efficiency.
• Emergency Services: Enhanced location precision could be crucial for faster response times.
• Urban Planning: Better digital mapping could aid in more effective urban development and management.

Conclusion

The collaboration between MapmyIndia and India Post represents a significant step towards digitizing and streamlining India's addressing system. As this technology becomes more widely adopted, it has the potential to transform how locations are identified and accessed across the country.