Listed geospatial know-how main MapmyIndia is buying a minority stake of about 6.06% in indoor navigation startup Iwayplus for Rs 2 crore, as a part of its technique to again rising applied sciences and deepen its location intelligence capabilities.

In a regulatory submitting on January 12, 2026, MapmyIndia mentioned its board authorised the funding by the acquisition of three,500 compulsorily convertible choice shares (CCPS) in Iwayplus, representing 6.06% shareholding on a totally diluted foundation.

The funding can be made in money and could also be accomplished in a number of tranches inside three months. The corporate mentioned no authorities or regulatory approvals are required for the transaction.

The acquisition doesn’t fall underneath associated celebration transactions, and the promoter group has little interest in the goal entity, in keeping with the submitting.

Based in December 2022 by Vikas Upadhyay and Pulkit Sapra, Iwayplus is an indoor navigation and wayfinding startup that develops and deploys know-how options for big indoor environments reminiscent of hospitals, airports, tutorial campuses, malls, IT parks, museums, zoos and exhibition centres.

The corporate builds digital indoor mapping options, indoor positioning programs and location-based providers utilizing proprietary software program platforms, cell functions and built-in {hardware} applied sciences, together with Bluetooth Low Power (BLE) beacons and sensors.

Its product stack contains high-resolution 2D and 3D indoor maps, real-time indoor navigation programs, accessibility-focused wayfinding options, content material administration programs and customised functions. Iwayplus additionally handles set up, configuration and upkeep of related {hardware}, together with ongoing software program help, analytics and location-based providers.

The startup reported turnover of Rs 76 lakh in FY25, up from Rs 19 lakh in FY24. It had no income in FY23.

MapmyIndia mentioned the funding aligns with its broader strategic initiatives to help revolutionary applied sciences and improve its enterprise portfolio. The minority stake strengthens its mapping stack by including indoor navigation capabilities, enabling seamless outdoor-to-indoor navigation.

The corporate expects this to deepen its relevance throughout airports, hospitals, campuses and sensible metropolis deployments, whereas supporting enterprise and authorities use circumstances because it strikes towards a full-stack location intelligence platform.

MapmyIndia, which builds digital maps and geospatial knowledge merchandise for shoppers, enterprises and governments, has been actively investing in adjoining and complementary companies in recent times. Its portfolio features a majority stake in Gtropy Techniques, a telematics and IoT fleet administration firm; a minority holding in SimDaaS Autonomy, which focuses on AI and simulation applied sciences for autonomous programs and ADAS; and a 40% three way partnership with Hyundai AutoEver in PT Terra Hyperlink Applied sciences to ship map-based options for automotive OEMs in Southeast Asia.

The corporate additionally holds minority stakes in Kaiinos Geo Spatial Applied sciences, a GIS-focused clever programs platform; Indrones Options, a drone know-how startup targeted on mapping and knowledge seize; and Zepto, the short commerce startup, to broaden its publicity to fast-moving logistics ecosystems.

On the monetary entrance, MapmyIndia reported a 39% year-on-year decline in web revenue to Rs 18.5 crore within the second quarter of FY26, in contrast with Rs 30.4 crore within the year-ago interval. Working income for the quarter rose 10% year-on-year to Rs 113.8 crore.