CosmicTaco

MapmyIndia Faces Investor Backlash Over B2C Split

CosmicTaco · 2024-12-04T08:45:47.632315+05:30

- MapmyIndia's stock plummeted to a 52-week low following the announcement of CEO Rohan Verma's shift to a new B2C venture, leaving investors concerned about the company's future. - The new B2C entity, fully owned by Verma, will utilize Mappls products, raising questions about the impact on MapmyIndia's core business and investor interests. - Despite reassurances from management, the move has sparked debates over corporate governance and potential conflicts of interest. Source: [Inc42](https://inc42.com/buzz/why-are-investors-at-daggers-drawn-with-mapmyindia/)

MapmyIndia's stock plummeted to a 52-week low following the announcement of CEO Rohan Verma's shift to a new B2C venture, leaving investors concerned about the company's future.
The new B2C entity, fully owned by Verma, will utilize Mappls products, raising questions about the impact on MapmyIndia's core business and investor interests.
Despite reassurances from management, the move has sparked debates over corporate governance and potential conflicts of interest.

Source: Inc42