Shrem Group which is a real estate and hospitality investment group has acquired 10 percent stake in Route Mobile which is a messaging and voice interface company, for $23 million (Rs 154 crore).

Rajdip Gupta, group CEO of Route Mobile has said in a statement that “We are looking forward to collaborate closely with the inves laborate closely with the investor to create a global messaging giant based out of India.”

Read EquityPandit’s Technical Analysis of Nifty