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CPaaS player Route Mobile raises Rs.867-Cr via QIP

MyBigPlunge  

Mumbai-based Route Mobile Ltd, a communication platform as a service (CPaaS) provider, has raised INR 867.49 crore via a Qualified Institutional Placement (QIP) that saw interest from a mix of international and domestic investors. Investors in the QIP include Steadview Capital Mauritius Ltd, RBC Asia Pacific Ex-Japan Equity Fund, Kuber India Fund, Verdipapirfondet DNB Global Emerging Markets and Pinebridge Global Funds – Pinebridge Asia Ex Japan Small Cap Equity Fund.