The company provide a comprehensive suite of products. If it fails to develop new products and innovate its products, the company's business, operating results, financial performance, cash flows and prospects may be materially and adversely affected.

If the company is unable to maintain its existing clients or attract new clients, its revenue growth and profitability may be adversely affected.

If there are interruptions or performance problems associated with its products leading to client dissatisfaction, the company's business, financial performance, cash flows and prospects may be materially and adversely affected.

Its business and growth are correlated with the growth of the ecommerce industry in India. Any change in the nature of the ecommerce industry in India will adversely affect its growth and business operations.

The company faces competition from and could lose market share to its competitors, which could adversely affect the company's business, results of operations, financial condition and cash flows.

The Company does not have any listed industry peers in India or abroad and it may be difficult to benchmark and evaluate its financial performance against other operators who operates in the same industry as the company.

Its success depends, in part, on the company ability to expand use of its products by clients globally and accordingly, the company's business is susceptible to risks associated with international operations.

Its business depends on the company clients continuing to use its products with minimum usage commitments and purchasing additional subscriptions from it. Any decline in its client retention would harm the company future operating results.

The company has had negative cash flows from operating, investing, and financing activities in the past and may, in the future, experience similar negative cash flows.

A portion of its business is dependent on the dropship volumes of the company clients. Any difference in arrangement of its clients for managing their dropship operations will adversely affect its business operations, financial performance and cash flows.