Digital mapping firm MapmyIndia is preparing for an IPO, a report claims, with the Apple Maps data source allegedly aiming for a valuation of approximately $825 million.Formerly known as CE Info Systems Pvt, the Delhi-based MapmyIndia is in the final stages of getting its IPO ready, people familiar with the effort claim. The IPO itself seeks to raise $175 million, which will give it a valuation in the region of $825 million if reached.The IPO will consist of secondary shares, according to sources of Bloomberg. Founders Rakesh Verma and RashmiVerma will continue to run the company and are promoters of the IPO.Read more
