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Article: MapmyIndia receives USD 9 mn funding from Qualcomm Ventures.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 15, 2009
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MapmyIndia receives USD 9 mn funding from Qualcomm Ventures
New Delhi, Feb 15 (PTI) -- Digital maps and navigation services provider MapmyIndia has received USD 9 million funding from Qualcomm Ventures, the venture capital arm of the global wireless technology major Qualcomm and a few other investors.
In a strategic partnership with Qualcomm, MapmyIndia will leverage the former's technology to strengthen its services in the country and explore overseas opportunities.
"Through the partnership, we will leverage Qualcomm's leading wireless technologies to grow in the telecom, automotive and internet ecosystems--handset manufacturers, mobile ...