MapMyIndia, Indian firm that powers Apple Maps and Alexa, heads for IPO

MapmyIndia, a digital mapping company whose data powers Apple Inc.’s Maps and Amazon.com Inc.’s Alexa in India, will file initial public offering documents as soon as Monday, according to people familiar with its plans.

The firm, backed by Qualcomm Inc. and Walmart Inc.-owned payments startup PhonePe, is targeting an IPO size around $175 million at a valuation of about $825 million, one of the people said. The offering will be comprised entirely of secondary shares, the people said, declining to be named as the information is private. 

The Okhla, Delhi-headquartered company sells its technology and geospatial information to a broad