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MapMyIndia says Lightbox and Nexus Ventures are not exiting firm

Venture capital investors Lightbox and Nexus Ventures are in talks to exit their investment in CE Infosystems, now known as MapMyIndia, reported TechCircle, without sharing the names of any prospective buyers. MapMyIndia, however, has denied that the VC's are exiting the company. When Medianama spoke toAnil Nagwani, White Fish Communications, who handles MapMyIndia's communication, he said the reports are not true. We have contacted the investors for more details and will be updated once we hear from them. Update: Lightbox's Sandeep Murthy has also denied they're considering an exit from MapMyIndia. He informed Medianama, "Investors always plan a good exit for the company, but we're not interested in exiting as an investor in MapMyIndia. Lightbox has just absorbed Sherpalo's and KPCB's investments in India, which includes MapMyIndia. We have no reason to exit right away." Do note that Krishna Vinjamuri, principal at…

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