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ICICI Direct: Route Mobile IPO - Investment Rationale

Route Mobile’s income and ebitda grew at a CAGR of 37.6% and 14.9%, respectively, between FY18 and FY20, ICICI Direct says.

A commuter messaging from his mobile phone (Photographer Simon Dawson/Bloomberg)
A commuter messaging from his mobile phone (Photographer Simon Dawson/Bloomberg)
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