22 Jul 2024
The New Delhi-based company has been mapping India for 30 years and has covered 5.8 lakh villages and 7,268 cities till now.
After three decades of covering over 10.77 Points of Interest (POI), MapmyIndia secured a contract with Hyundai and Kia Motors’s OEM business in January 2024 to provide map and connected services for the next five years.
Ola Cabs launched its mapping service Ola Maps, which is expected to save the company ₹100 crore annually. It is offering local developers one year of free subscription. The subscription is free for three years for SMEs and startups using the ONDC platform.
In response to this move and to undercut MapmyIndia’s revenue stream, Google Maps reduced its pricing for developers by 70%. It is offering a 90% discount to developers who collaborate with the Open Network for Digital Commerce (ONDC)
Among many applications, developers embed maps into their mobile or website apps, use them for routing in logistics or delivery apps, and geocoding, which means converting addresses into geographic coordinates and vice versa.