Qualcomm and Flipkart-backed CE Info has gone public and secured a market capitalisation of approximately $1.1bn.

CE Info Systems, the India-based owner of digital map brand MapmyIndia backed by corporate venturing groups Qualcomm and Flipkart, has floated on local stock exchanges giving a boost to a wave of local unicorns (private companies valued at $1bn or over) created this past year.

The company’s shares opened at Rs 1,581 ($20.90) on the BSE, a 53% premium issue on the issue price of Rs 1,033, while on the National Stock Exchange, the opening price was Rs 1,565. It…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.
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