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July 23, 2013

Deal Alert: Enterprise mobility solutions startup Gray Routes raises $100-K

Gray Routes, a Mumbai-based mobile solutions start-up that targets the FMCG and other sectors, has raised $100,000 from a group of angel investors in Bangalore and Silicon Valley. The company is developing enterprise mobile applications and solutions that enable players in the FMCG, food services, telecom and logistics sectors, to automate and monitor their distribution operations in the field. The funds raised will be used to recruit talent and acquire patents for some of the company’s solutions. 

Gray Routes was founded by Soubhagya Sahoo, an IIT Kharagpur and IIM Ahmedabad alumnus, and Sapna Patel, who earlier led business development at IIT Bombay-incubated InOpen Technologies. The firm employs 12 people across Mumbai and Delhi. 

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