Rakesh Verma

Rakesh Verma

Active Investor

Chairman and Managing Director at MapmyIndia

New Delhi, Delhi

Rakesh Verma, Chairman and Managing Director at MapmyIndia is an active investor based in New Delhi, Delhi. This profile covers what Rakesh Verma backs, at which stage, and how founders can reach out in 2026.

Rakesh Verma is a Co-Founder and serves as Managing Director and Chairman at MapmyIndia. He served as Advisor at Visit Health. As early as 1994, Rakesh recognized the potential benefits of digital maps to businesses, government and Individual consumers. Armed with his foresight and a desire to participate in India's development, he led a pioneering effort by steering MapmyIndia over the last 20 years to create India's most comprehensive, exhaustive, accurate, and information rich digital maps. Rakesh, a first generation entrepreneur, started this monumental effort at a time when nobody had the vision of digital maps becoming a critical value proposition in the information technology space. MapmyIndia pioneered and revolutionized the business model in India by launching India's first internet Mapping portal, MapmyIndia.com, and also India's best GPS navigation device, MapmyIndia Navigator. MapmyIndia as a brand has become synonymous with navigation and digital maps in India. This led to MapmyIndia being recognized as the showcase company for IT Innovation in 2004 by NASSCOM and Rakesh was elected the World's GPS Business Man in 2007 by GPS Business News, Chicago, USA. Rakesh was also nominated to the National GIS Core Group of the Planning Commission of the Government of India in 2012. July-August 2013 edition of the Harvard Business Review features a case study on MapmyIndia as a customer funded start-up. Continuous innovation in product development has led to MapmyIndia receiving many awards and recognition from media and industry. Rakesh obtained a Bachelors of Engineering from BITS Pilani, India in 1972, and an MBA from Eastern Washington University, USA in 1979. Rakesh has over 35 years of wide operations and management experience in different industry verticals, including leading companies such as EDS (General Motors, USA).

Investor type
Angel
Stages
Early Stage VentureSeed
Invests in
SaaS & EnterpriseConsumer & RetailE-commerce & D2CClimate & EnergyHardware & Deep TechSpace & AerospaceMobility & LogisticsSupply Chain & Logistics
Location
New Delhi, Delhi
Typical check
$375K
Past investments
2

Notable investments

Visit HealthCusmat

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