MapmyIndia CEO Calls Ola Maps a Gimmick, Questions Quality and Investment

As it says https://www.business-standard.com/companies/news/mapmyindia-accuses-ola-electric-of-data-theft-for-maps-sends-legal-notice-124072900815_1.html

OLA unveiled Ola maps lol. Any idea which maps api they’re using now and calling it their own for marketing purposes?

This is what happens when you are good at sales but bad at building a decent user experience. Remember, Apple Maps? They advertised it so much but it was not as good as GMaps. But eventually apple maps got better. I hope Ola Maps get better user experience in future.

Lately Ola's founder Bhavish has been discontinuing their dependencies on foreign products ranging from their own cloud servers to their own GPT's which people are specualting is just a wrapper over ChatGPT and lately launched their own Ola Maps which is itself a wrapper over OpenStreetMap. Will this benefit Indian Companies to compete with the global ones or will it just die down eventually. Ola folks can shed some light on it. 😁

Goldman Sachs has set a price target of INR 2,800 on MapmyIndia's stock, implying an upside of almost 40% from its close on Wednesday. Here's why this matters: 1/ Riding the Digital Wave: MapmyIndia isn't just mapping streets; it's mapping India's digital transformation. From smart cities to autonomous vehicles, the company is at the intersection of critical growth sectors. 2/ The Numbers Tell a Story: - 35% YoY revenue jump to INR 379.4 Cr - 25% profit growth to INR 134.3 Cr - Projected 38% revenue CAGR (FY24-FY27) These aren't just figures; they're proof of a scalable, profitable model in a sector where growth often comes at the cost of profitability. 3/ Beyond Navigation: MapmyIndia's expansion into telematics and government digitization signals a pivot from being a map provider to becoming a critical digital infrastructure player. 4/ The 40% Upside Question: Goldman's target implies MapmyIndia is significantly undervalued. Is the market missing something, or is Goldman overly optimistic? 5/ The Bigger Picture: MapmyIndia's success could be a bellwether for India's broader tech ecosystem, showcasing the potential for homegrown companies to dominate in niche, high-growth sectors. 🍇 for Thought: Goldman Sachs' bullish outlook on MapmyIndia challenges the notion of Google Maps' invincibility in the geospatial landscape. Despite Google's global dominance, MapmyIndia's projected growth suggests there's significant value in localized, specialized mapping solutions, especially in sectors like automotive and government. This highlights the potential for homegrown tech companies to carve out lucrative niches in markets traditionally dominated by global giants. However, MapmyIndia's ability to sustain its growth and fend off competition from both local and international players will be crucial in determining whether it can truly rival Google's influence in India's digital mapping ecosystem. 🗺️🇮🇳 Image Credits: Inc42

Ola founder said that they used to have 100 Cr bill for Google maps. Does this sound realistic? What are other options apart from Google maps?