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MapMyIndia to spin off B2C unit
MapMyIndia CEO Rohan Verma's new venture is not getting funding from his old company after shareholders protest
MapMyIndia CEO Rohan Verma will personally fund a new B2C venture, addressing minority investor concerns about the initial plan. While MapMyIndia reta
MapMyIndia Will Not Invest In Rohan Verma's Upcoming B2C Venture: Chairman Rakesh Verma
MapMyIndia’s parent firm, CE Info Systems Ltd., is not going to invest Rs 35 crore, in its outgoing Chief Executive Officer and Executive Director Rohan Verma’s new consumer focused venture, said Co-founder and Chairman Rakesh Verma said. The board has approved the fund infusion for this purpose earlier.
MapMyIndia to spin off B2C unit; CEO Rohan Verma to head new venture
MapMyIndia plans to separate its B2C division into a new entity, led by current CEO Rohan Verma. The new venture, in which MapMyIndia will retain a 10% stake, will focus on consumer products under the Mappls brand.
ET Now on MSN
10h
MapMyIndia shares rise after CEO Rohan Verma clarifies THIS about his upcoming B2C venture
MapMyIndia shares gained over 3% on December 4 after CEO Rohan Verma chose to personally fund the company’s B2C venture, ...
Your Story
8h
Beyond the Rs 35 crore: Why MapmyIndia's governance crisis won't end here
MapmyIndia’s rationale behind separating the B2C business has not found favourable footing among investors Analysts suggest ...
1d
on MSN
MapMyIndia CEO Rohan Verma to step down, float new venture: 6 key things investors should know
As Bengaluru-based MapMyIndia's CEO Rohan Verma steps down to pursue a new B2C venture, take a look at the details of the ...
1d
MapMyIndia shares continue to face investors' ire, down over 5% after B2C business hived off to founder's son
The new venture will be run by Rohan Verma, the current CEO and Executive Director at MapMyIndia (CE Info Systems), with the ...
inc42
23h
Why Are Investors At Daggers Drawn With MapmyIndia?
MapmyIndia informed the bourses on Friday that its CEO Rohan Verma would be parting ways to fully focus on building a B2C ...
1d
MapMyIndia move to shift B2C biz to founder's son kicks up a storm
MapMyIndia will transfer its Mappls Mall and Travel app for hotel and flight booking to the new company headed by the founder ...
MediaNama
1d
“Why not keep the B2C brand in-house?” Shareholders Grill MapMyIndia On its Decision on Asset Transfer of its consumer Business
As part of the deal, Rohan Verma will retain a 90% stake in the new venture, while MapmyIndia will hold a 10% stake. The ...
cnbctv18
1d
MapMyIndia parent shares fall below listing price after management clarifies on new investment
Shares of CE Info Systems are down 44% from their recent peak of ₹2,747 and have now declined below their listing price.
1d
MapmyIndia slips 12% in 2 days as Rohan Verma exits as CEO to float new co
Rohan Verma's departure as CEO to set up a new venture could create a leadership vacuum, according to analysts ...
1d
on MSN
MapmyIndia withdraws plan to invest Rs 35 crore in B2C venture amid concerns raised by minority shareholders
The chief executive officer (CEO) said that although MapmyIndia's board approved the investment, it will not take place due ...
cnbctv18
2d
MapMyIndia shares fall on plans to buy 10% stake in B2C company floated by former CEO
MapmyIndia's former CEO and Executive Director Rohan Verma will hold a 90% stake in the new company while the balance 10% ...
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