Anubhav Jain

I have a couple of co-founders.

So I look at the financial aspects of things because being a risk guy, I try to manage all the risk, collections, sort of things.

I have a couple of co-founders.

One of them was with Google, core technology guy.

He worked with Google for nine years in Google Docs, Google Spreadsheets.

Oh, wow.

and machine learning.

So he looks at technology.

And I have another co-founder who worked with a lot of Indian startups scaling their products.

So he's the product guy.

Three of us.

It's an equal split between the three of us.

Again, so venture debt is typically backed with an equity round earlier.

So we raised a 4 million equity and in India, when you raise X equity, you get 25% of that in venture debt.

So this is a million venture debt.

So this was not from an SVB equivalent, but one of the top three venture debt funds.

So yeah.

No, it's a little higher, but I think considering the cost of capital that we would get from a bank, it's very much in line with that.

So if we were to borrow from a bank unsecured today, I think we'll not get it at a rate lower than what we are getting from the venture debt.

Yes.