CosmicTaco

MapMyIndia Splits Consumer Unit, Investors Concerned

CosmicTaco · 2024-12-03T10:00:28.737242+05:30

- MapMyIndia's board decided to divest its consumer business, leaving CEO Rohan Verma to lead it independently. - The consumer unit includes Mappls navigation app and other ventures, but investors questioned the decision due to substantial prior investments. - The board defended the move, citing a focus on B2B and B2B2C enterprises while addressing investor concerns over potential impacts on profitability. Source: [The Arc](https://thearcweb.com/article/mapmyindia-rakesh-rohan-verma-mappls-phonepe-1iF0qbEkNNIJYVVD)

MapMyIndia's board decided to divest its consumer business, leaving CEO Rohan Verma to lead it independently.
The consumer unit includes Mappls navigation app and other ventures, but investors questioned the decision due to substantial prior investments.
The board defended the move, citing a focus on B2B and B2B2C enterprises while addressing investor concerns over potential impacts on profitability.

Source: The Arc