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Motilal Oswal: Route Mobile IPO Note

Motilal Oswal: Route Mobile IPO Note

A smartphone displays application icons. (Photographer Dhiraj Singh/Bloomberg)
A smartphone displays application icons. (Photographer Dhiraj Singh/Bloomberg)

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Motilal Oswal Report

Route Mobile Ltd. is among the leading CPaaS (Communications Platform as a Service) provider. Its services include message, voice, email, short message service filtering, analytics and monetisation.

Route Mobile is a leading omni-channel CPaaS provider with its A2P (Application-to-peer) service being ranked second globally among tier-1.

A2P short message service market is currently the largest segment; expected to grow at 4.4% compound annual growth rate over FY18- FY23.

With growing internet penetration, demand for CPaaS is increasing to streamline back-end operations as well as to engage with various stakeholders.

Route Mobile processed more than 3,031 crore billable transactions in FY20 (20% CAGR over FY18-20), while in Q1 FY21 it processed more than 695 crore transactions.

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Motilal Oswal Route Mobile Ipo Note.pdf

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