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MapMyIndia CEO Rohan Verma will use personal funds for his B2C venture after shareholder concerns. Learn about the investment changes.
Rohan Verma’s Decision to Fund His Venture
After shareholder protests, Rohan Verma decided to self-fund his B2C venture, foregoing the Rs 35 crore approved by MapMyIndia.
Shareholder Concerns About MapMyIndia’s Investment
Minority investors raised concerns about the impact of MapMyIndia’s investment in the new venture, leading to the revised funding plan.
Benefits for MapMyIndia Despite Investment Changes
MapMyIndia retains a 10% stake in the new venture, ensuring future benefits while maintaining investor confidence.