With Flipkart's investment, MapmyIndia's early financial investors, Nexus Venture Partners and Lightbox Ventures, would exit the company.

However, details of the transaction were not disclosed. The deal will help Flipkart in its strategy to strengthen supply chain through technology as it will license map data and location technologies from MapmyIndia.

MapmyIndia would continue to independently serve all consumers and enterprises across all industries with its full range of products and solutions.

This will extend a new layer of capability to Flipkart's existing supply chain and logistics operations, making customer experience timely and hassle free, Flipkart said in a statement.

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