About Gray Routes
Gray Routes is a Technology company based in Mumbai (India) founded in 2013. Mobile apps are developed to automate distribution for SMEs. It operates in the Technology, Retail, and Transportation, Automotive & Logistics sectors. Gray Routes has raised $192.16 thousand across 3 funding rounds from investors including Ajay Sinha, Praveen Jain and Kapil Modi. Gray Routes was last valued at $839.89 thousand in November 2019. Its Indian entity Grayroutes Technology Private Limited reported revenue of ₹59.7 Lakh. Gray Routes offers products and services including GrayFOS, GrayDROP, and GoStocky. Its focus areas include In Store Retail Tech, Suite, Consumer and Logistics Tech. Its competitors include Bizom and ZopSmart; 2 of its 2 listed competitors have raised funding.
Company details
Gray Routes was founded in 2013 in Mumbai, India, where proprietary mobile app solutions are offered to automate and monitor on-field distribution operations. Services extend to on-demand last-mile delivery through onboarded personnel. Key products include GrayDrop for GPS-based route mapping, GoStocky for retailer inventory management, and GrayFOS for enhancing field sales productivity. The company serves sectors such as FMCG, telecom, food services, e-commerce, and logistics.
- Headquarters Mumbai, India
- SectorsTechnologyRetail Transportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website grayroutes.in
- Social LinkedIn X Facebook YouTube
- Legal Name Grayroutes Technology Private Limited
- Date of Incorporation 23 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹59.7 Lakh
FY 2021 · -73% YoY
- Net Loss-₹89,986
FY 2021 · -2% margin
- EBITDA₹2.7 Lakh
FY 2021 · 5% margin
- Total Equity Funding$192.16K (USD)
in 3 rounds
- Latest Funding Round$92.16K (USD), Angel Round
Nov 2019
Associated legal entities of Gray Routes
Gray Routes operates through Grayroutes Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Grayroutes Technology Private Limited CIN U74999MH2015PTC265905 | Active | 23 Jun 2015 | Mumbai, Maharashtra | ₹0.6 Cr | 2 | View details |
Products & Services of Gray Routes
Gray Routes offers a comprehensive portfolio of products and services, including GrayFOS, GrayDROP, and GoStocky.
Automates field sales team planning and productivity tracking.
Optimizes GPS-based delivery routes for efficient fulfillment.
Manages retail inventory and pricing for accurate accounting.
Apps and channels of Gray Routes
its YouTube channel Swati Verma has 1 subscribers.
Funding Insights of Gray Routes
Gray Routes has successfully raised a total of $192.16K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $92.16 thousand completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $192,156
- Total Rounds 3
- Last Round Angel Round — $92,156
- First Round $100,000
(Jul 2013)
- Investors Count 3
All 3 funding rounds of Gray Routes with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $92,156 | Angel Round | $839,888 | Ajay Sinha, Praveen Jain | |
| Feb 2016 | Seed | – | – | – | |
| Jul 2013 | $100,000 | Angel Round | – | – | – |
Last known valuation $839,888 (Nov 2019). 3 investors in total: 0 institutional and 3 angel.
Investors in Gray Routes
Gray Routes has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Ajay Sinha, Praveen Jain and Kapil Modi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AS Ajay Sinha | unknown_eef85eb14d41407ba | |||
PJ Praveen Jain | unknown_8eb0cadb723e4bda9 | |||
KM Kapil Modi | unknown_c4656bcd63af4c9c9 |
Investor details for Gray Routes
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Grayroutes Technology Private Limited (Gray Routes)
Grayroutes Technology Private Limited is the primary company behind Gray Routes. The board of Grayroutes Technology Private Limited currently have 2 directors; the longest-serving is Soubhagya Sahoo, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Soubhagya Sahoo DIN 06511800 | Director | 23 Jun 2015 | 11 yrs 4 mo | Grayroutes Technology Private Limited |
| Sapna Rani Patel DIN 06511813 | Director | 23 Jun 2015 | 11 yrs 4 mo | Grayroutes Technology Private Limited |
Financials of Gray Routes
Figures of Grayroutes Technology Private Limited, the primary company behind Gray Routes, for FY 2021. Revenue was ₹59.7 Lakh (-73% year on year). Net loss was -₹89,986 (-2% margin). EBITDA was ₹2.7 Lakh (5% margin). Revenue has grown at a compounded annual rate of -22% over three years and +47% over five years.
- ₹59.7 LakhRevenue · FY 2021 · -73% YoY
- -₹89,986Net loss · -2% margin
- ₹2.7 LakhEBITDA · 5% margin
- ₹1.1 LakhPaid-up capital
- -22%Revenue CAGR, 3 years
- +47%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Grayroutes Technology Private Limited are on its company page.
Detailed financial statements for Gray Routes
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Gray Routes
3 dated milestones of Gray Routes across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Gray Routes is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Angel Round, of $92K.
Competitors of Gray Routes
Gray Routes has 2 listed competitors in our database, 2 of them funded. They include Bizom and ZopSmart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizom.com | 2008 | Bengaluru, India | $19.18M | 401 | Retail intelligence platform is developed for brands and B2B retailers. | |
| zopsmart.com | 2011 | Bengaluru, India | $12.86M | 464 | Omni-channel solutions are provided for offline businesses. |
Detailed competitors of Gray Routes
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Gray Routes
Websites that share an audience with Gray Routes (grayroutes.in).
Websites whose visitors overlap most with Gray Routes. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.co.in | 100% | 77M | #407 | View details | |
| facebook.com | 100% | 12.1B | #3 | View details | |
static.icmwebserv.com | static.icmwebserv.com | 100% | – |
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Related news about Gray Routes
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Frequently Asked Questions about Gray Routes
Gray Routes was founded in 2013.
Gray Routes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Gray Routes is a funded company, having raised a total of $192.16K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $100K, raised on Jul 2013.
The primary company behind Gray Routes, Grayroutes Technology Private Limited, reported revenue of ₹59.7 Lakh for FY 2021, down 73% year on year.
Gray Routes was founded in 2013 in Mumbai, India, where proprietary mobile app solutions are offered to automate and monitor on-field distribution operations. Services extend to on-demand last-mile delivery through onboarded personnel. Key products include GrayDrop for GPS-based route mapping, GoStocky for retailer inventory management, and GrayFOS for enhancing field sales productivity. The company serves sectors such as FMCG, telecom, food services, e-commerce, and logistics.
Gray Routes offers GrayFOS, GrayDROP, and GoStocky.
Gray Routes has 3 investors. Key investors include Ajay Sinha, Praveen Jain, and Kapil Modi.
The valuation of Gray Routes is $839.89K as of Nov 2019.
Gray Routes operates through Grayroutes Technology Private Limited.
The legal entities of Gray Routes currently have 2 directors, including Soubhagya Sahoo, Sapna Rani Patel.