Jaideep Kelramani

So, um, we were more or less, um, in the same zone a year ago because, um, the Indian economy had some strong headwinds in terms of, uh,

regulatory changes, especially on the taxation side.

I don't know if you've been following that market very well, but the country just went through a massive tax reform where we abolished a dozen types of taxes and just replaced it with one tax.

So most of the businesses were busy with that transformation.

So the compliance budgets took a little bit of a backseat.

And we're now coming out of those headwinds.

So we are looking at strong double digit growths starting 2019.

That's great.

So the initial capital that was raised was when Legasys was initially formed.

And since then, there has been very little capital addition.

But now in 2019,

We will look at a significant fundraise.

I think all put together.

I may not be correct with my numbers because it was many, many years ago.

I suspect in the range of, say, two million dollars or so.

So we've set aside on about $5 million as a bridge round before we go in for a bigger raise.

And we would like to use that capital for funding some of the product development and sales expansion.

Sorry, could you repeat that for me?

No, no.

We are looking to raise the $5 million.