Aniket Bajpai

We did raise a convertible note last year.

Uh, so yeah, we are not bootstrapped, uh, in this particular startup.

All right.

We actually got selected into Y Combinator as well, but we, uh, so we raised from there and we were able to raise a convertible loan after that.

So that is what has gotten us going.

We didn't dilute too much in this entire process.

Right.

So we raised around 750K.

USD.

And we raised it as a convertible note at an uncapped valuation and a discount of 20% to the next round's valuation.

Yes, yes.

We will be doing the next round very soon in the next one or two months.

We're raising around $4 to $5 million at around a $20 million valuation because we want to grow really, really fast.

We feel that we have a cheap product market fit and we just want to push the pedal.

So yeah, we're actively looking to raise.

Yeah, we're in talks with several people.

Yes, yes.

I believe that since we have a very good growth rate, we're growing at 30% to 40% month-to-month since the past six to seven months.

And we can kind of take a forward multiple.

When the round will actually close, it will already be three months.