India: Global, domestic funds invest $117m in Route Mobile QIP

India: Global, domestic funds invest $117m in Route Mobile QIP

Photo by Josh Appel on Unsplash

Global and domestic investor funds, including Steadview Capital Mauritius, PineBridge Global Fund and Kuber India Fund, have invested 867.49 crore ($116.8 million) through qualified institutional placement (QIP) in Route Mobile Ltd, the messaging and voice application programming interface company said in a regulatory disclosure.

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