Qualcomm Ventures invests $9 mln in GIS firm MapMyIndia (Reuters India)

February 16, 2009 -- Its existing backers - KPCB, Sherpalo Ventures and Nexus India Capital - have also participated in this round.

Qualcomm Ventures, the venture capital arm of wireless technologies and data solutions firm Qualcomm Inc, has invested $9 million in CE Infosystems. For Delhi-based CE Infosystems, which is better known as digital maps and navigation services provider MapMyIndia, this is the third round of venture capital funding. It had earlier raised funding from Kleiner Perkins Caufield Byers, Sherpalo Ventures and Nexus India Capital, who have also participated in this round.

MapMyIndia provides services and solutions based on geographic information systems and location-based business intelligence. It provides its services through handheld devices, mobile phones and automobiles.

 



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