«Our maps feature 3D junction views and many other attributes that are hard to replicate or compete with. Of course, people will try, and everyone is welcome to compete fairly, but it is quite challenging.,» says Rohan Verma, CEO & MD, MapMyIndia.
Before discussing the earnings and other details, I wanted to get a sense from you about the competition, as you’ve been quite vocal about it. Ola is also a listed player, so I'm trying to understand better what unique selling proposition (USP) you offer and what the moat is for companies trying to catch up in this technology.
Rohan Verma: Mapping is a serious business and building it is not at all easy.
Globally, hundreds or even thousands of companies may have attempted to enter the mapping space over the past 30 years or more recently, but very few have sustained and succeeded. You can count the number of successful companies on one hand.
In India, we are among the few who have been consistently active in this field. Building a map for a country as complex and dynamic as India—3.3 million square kilometers changing daily, requiring constant updates, new place additions, and accuracy—entails significant investment in time, capital, expertise, and experience.
MapMyIndia is not just sitting on a 2D map; we are creating a 3D map, a high-definition map, and what we call a 4D map, with real-time updates. Our maps feature 3D junction views and many other attributes that are hard to replicate or compete with.
Read more on economictimes.indiatimes.com