Route Mobile Listed Acquired
Route Mobile Limited is a Mumbai-headquartered cloud communications platform-as-a-service (CPaaS) provider, founded in May 2004 by Rajdip Gupta (bootstrapped, incorporated as Routesms Solutions Pvt Ltd). It connects enterprises, OTT players and mobile network operators via SMS, voice, email, RCS, WhatsApp Business and other messaging channels. Listed on NSE and BSE since September 21, 2020. Sandip Gupta (Rajdip's brother) joined the…
Route Mobile: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 18 Nov 2021 | QIP (Post-IPO) | ₹867.4 crore (~$116.6M, computed at ~74.4 USD/INR) | HSBC Global Investment Funds - Asia Ex Japan Equity Smaller Companies Kuber India Fund Pinebridge Global Funds - Pinebridge Asia Ex Japan Small Cap Equity Fund Pinebridge Global Funds - Pinebridge India Equity Fund RBC Asia Pacific Ex-Japan Equity Fund Societe Generale - ODI Steadview Capital Mauritius Limited Verdipapirfondet DNB Global Emerging Markets | source |
| 25 Feb 2017 | Secondary | $23 Mn (Shrem Group buys ~10% stake from founders; ~$230M implied valuation) | Shrem Group | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 17 Jul 2023 | Proximus Group | Route Mobile | ₹59,224 million (~EUR 643.0 million) for initial 57.56% stake; USD figure computed at ~82.05 USD/INR (17 Jul 2023) | source |
| 4 Feb 2022 | Route Mobile | M.R Messaging FZC | EUR 38 million (100% equity stake in MRM, UAE); one of three FY22 acquisitions per Route Mobile's FY22 Annual Report alongside Masivian and Interteleco | source |
| 16 Oct 2021 | Route Mobile | Interteleco | 652,500 Kuwaiti Dinar (~$2.15M computed at ~3.3 USD/KWD); Routesms Solutions FZE (Route Mobile subsidiary) acquired 49% equity plus an additional 41% economic/beneficial interest in Interteleco | source |
| 9 Oct 2021 | Route Mobile | Masiv (Masivian) | $47.5 million total consideration (Route Mobile UK Limited acquiring Colombian CPaaS firm Masivian S.A.S / Masiv) | source |
| 1 Jul 2021 | Route Mobile | SendClean | ~₹300 million (~$4.0M, computed at ~74.5 USD/INR, Jul 2021); slump-sale acquisition of Sendclean Business Email Technologies from Sarv Webs Private Limited | source |
| 20 Sep 2017 | Route Mobile | 365squared | Undisclosed | source |
| 9 May 2017 | Route Mobile | Call 2 Connect | Undisclosed | source |
| 7 Nov 2016 | Route Mobile | Defero Mobile | Undisclosed (Singapore-based Defero Mobile, long-term strategic partner; boosts APAC presence) | source |
| 28 Jul 2016 | Route Mobile | Cellent Technologies | Undisclosed (Mumbai-based Cellent Technologies, part of Goel Group; A2P messaging presence in Middle East & Africa; 250+ customers, 30+ team members) | source |
Recent Signals
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Who founded Route Mobile?
Route Mobile was founded by Rajdip Gupta in 2004.
How much funding has Route Mobile raised?
Route Mobile has raised $139.6 Mn across 2 tracked funding round(s), most recently on 2021-11-18. Figures are compiled from cited public sources.
Who are the investors in Route Mobile?
Investors in Route Mobile include HSBC Global Investment Funds - Asia Ex Japan Equity Smaller Companies, Kuber India Fund, Pinebridge Global Funds - Pinebridge Asia Ex Japan Small Cap Equity Fund, Pinebridge Global Funds - Pinebridge India Equity Fund, RBC Asia Pacific Ex-Japan Equity Fund, Societe Generale - ODI, Steadview Capital Mauritius Limited, Verdipapirfondet DNB Global Emerging Markets.
What does Route Mobile do?
Route Mobile Limited is a Mumbai-headquartered cloud communications platform-as-a-service (CPaaS) provider, founded in May 2004 by Rajdip Gupta (bootstrapped, incorporated as Routesms Solutions Pvt Ltd). It connects enterprises, OTT players and mobile network operators via SMS, voice, email, RCS, WhatsApp Business and other messaging channels.…
Where is Route Mobile headquartered?
Route Mobile is headquartered in Mumbai, Maharashtra, India.
What is Route Mobile's business model?
Route Mobile's core value proposition centers on Single aggregation point between telecom operators and enterprises, Omnichannel cloud communications (CPaaS).
How does Route Mobile make money?
Route Mobile's cited revenue streams include Markup on operator messaging/voice traffic resold to enterprises.