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MapmyIndia Announces Investment In Drone Solutions Start-up Indrones

Stable Money intends to use the fresh funds to scale its operations, spread financial awareness and other information technology-related services
Stable Money Raises $4.5 Million From Matrix and Lightspeed: Report Photo: Stable Money intends to use the fresh funds to scale its operations, spread financial awareness and other information technology-related services
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MapmyIndia, a deep-tech, digital mapping, geospatial software and internet of things(IoT) company, today announced that it has made a strategic investment in Indrones Solutions Private Limited (Indrones), a drone solutions start-up. 

Indrones has been a drone company and drone service provider in the country and with the new funding, the company will scale up operations, expand its thousands of hours of flying experience, be able to deliver more and larger projects for customers and build next-gen autonomous and reliable drones. 

MapmyIndia is a deep-tech digital maps-based products, platforms and solutions company since 1995, which services over 2000 enterprise customers across all industry verticals in the private and public sector. It will now be able to offer customers industry-leading drones and drone-based solutions. MapmyIndia’s consumer-facing Mappls app will offer more high-definition and 3-dimensional maps, based on drone-collected data, offering unparalleled immersive and metaverse experiences to users of the Mappls app.

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"We are thrilled to have MapmyIndia on board who shares our vision of contributing to the growth of India's digital economy," said Pravin Prajapati, founder and chief executive officer (CEO) of Indrones. 

"Drones today are solving some of the most complex problems across industries like mining, construction, oil and gas, infrastructure, agriculture, etc., and Indrones is here to be a part of the digital transformation journey of its customers while leveraging indigenous software maps, geospatial software and IoT technologies developed by MapmyIndia" he added.

“Our strategic investment in Indrones is in-line with the vision of our Prime Minister’s vision of Aatmanirbhar Bharat and making India a drone hub by 2030. The Indrones team is highly experienced and we are certain that together we would be able to be a leading player in the Indian and global drone industry," observed Rakesh Verma, chief managing director (CMD) of MapmyIndia.

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