MapmyIndia Pours INR 25 Crore into Zepto, Estimated Valuation at USD 6.1 Billion
In a strategic move, digital mapping company MapmyIndia has made significant investments in two key areas: quick commerce startup Zepto and its IoT subsidiary, Gtropy Systems.
MapmyIndia, officially known as C.E. Info Systems Limited, has invested INR 25 crore in Zepto, acquiring a 0.049% stake in the company at a valuation of around USD 6.1 billion. This investment was made via a secondary sale from a foreign investor, purchasing over 75 lakh compulsorily convertible preference shares, each priced at INR 33.25.
The investment in Zepto is part of MapmyIndia's broader strategy to expand its mapping and location-based services in the quick commerce sector. The move aims to prepare Zepto for a public listing and enhance Indian ownership stakes in the company.
Meanwhile, MapmyIndia has also invested INR 25 crore in Gtropy Systems to increase its stake from about 76% to 96%. This investment reflects a strategic focus on fleet technology and telematics, complementing MapmyIndia's mapping and IoT ecosystem.
Here's a summary of the investments:
| Company | Investment Amount | Stake Change | Valuation / Details | Strategic Intent | |-----------------|-------------------|---------------------------|-----------------------------------------------|-------------------------------------------------| | Zepto | INR 25 crore | 0.049% stake acquired | USD 6.1 billion valuation (secondary sale) | Expanding mapping/location services in quick commerce sector and preparing for IPO | | Gtropy Systems | INR 25 crore | Increased from ~76% to 96% | Subsidiary IoT company ownership increased | Deepening focus on fleet tech and telematics |
This dual investment pattern indicates MapmyIndia’s expanding footprint not only in quick commerce by leveraging their mapping expertise but also strengthening their IoT subsidiary to capitalize on fleet and telematics technologies.
Zepto, founded in 2021, is a fast-growing player in the quick commerce space, although the current fiscal year's figures for its revenue have not been released yet. MapmyIndia's Q1 FY26 profit increased by 28 percent compared to the same period last year, amounting to INR 46 crore, while the company's revenue from operations rose by 21 percent to INR 122 crore.
MapmyIndia's investment in Gtropy Systems deepens its focus on fleet technology and telematics, aligning with the company's broader strategy to integrate and expand mapping and location services within various sectors.
[1] Stock exchange filing for MapmyIndia's investment in Zepto and Gtropy Systems. [2] Source: MapmyIndia press release. [3] Source: Zepto press release. [5] Source: Gtropy Systems press release.
- MapmyIndia's strategic investment of INR 25 crore in Zepto signifies a growth strategy to expand mapping and location-based services within the quick commerce sector, with the aim of a potential public listing and enhancing Indian ownership stakes.
- The investment of INR 25 crore in Gtropy Systems by MapmyIndia reflects a strategic focus on fleet technology and telematics, complementing the company's mapping and IoT ecosystem, with the intent to deepen and integrate mapping and location services across various sectors.
- The significant investments made by MapmyIndia in Zepto and Gtropy Systems demonstrate a deliberate technology-driven strategy, aimed at leveraging its mapping expertise and capitalizing on fleet and telematics technologies for further growth in the digital landscape.
