MapmyIndia Picks Up 9.37% Stake In AI Startup SimDaas

MapmyIndia has acquired a 9.37% stake in Kanpur-based AI startup SimDaas Autonomy for about INR 3 Cr

The transaction was a mix of equity infusion and issuance of preference shares

Founded in 2023, SimDaas Autonomy focuses on simulation technologies for autonomous systems and advanced driver-assistance systems (ADAS).

Listed geotech company MapmyIndia has acquired a 9.37% stake in Kanpur-based AI startup SimDaaS Autonomy for about INR 3 Cr.

The transaction was a mix of equity infusion worth INR 2,194.25 and issuance…