Indian geospatial company MapmyIndia has purchased a 20% stake worth Rs 7 crores in Mumbai-based Indrones, according to a report by the Economic Times. The startup plans to deploy funds to upscale its drone-based solutions.
Indrones plans to deploy funds to scale up operations, expand its hours of flying experience, deliver more and larger projects for customers, and build autonomous and reliable drones, the media report added.
“We are thrilled to announce that we have raised a strategic investment from MapmyIndia, India’s pioneering and leading deep-tech digital mapping, geospatial software & IoT company. The partnership shall enable us to jointly offer upscale drones and drone-based solutions across all use cases including surveying, mapping, inspections & real-time monitoring,” Indrones said in a LinkedIn post.
Launched in 2015, Indrones provides affordable, high-resolution data solutions, powered by high-quality sensors on drones, that are applicable across industries. The startup claims to have one of the highest numbers of successful drone flights.
MapmyIndia, on the other hand, is a Delhi-based company that develops digital map data and APIs, GPS navigation, tracking, location apps, and GIS solutions. “Through continuous field surveys and state-of-the-art mapping technology, MapmyIndia has built its proprietary MapmyIndia Maps, the most comprehensive, accurate, reliable, full-featured, professionally created and continuously updated digital map dataset for all India,” according to the company’s LinkedIn profile.