Muhammad Yunus

So for them, annual license works better.

Whereas other small, medium-sized companies who just want to do one event will pay $6,000 and do that one event with us.

6,000, $6,000.

Okay.

So it's close to 50-50.

So 50% of that is coming from annual contracts and the remaining 50% is our single event license.

2016 is when we conceptualized this particular.

So I have been working with our parent company for the past 11 years.

So my job over there is more like an internal entrepreneur.

We come up with new products and services.

So three years back, four years back, I moved to North America here in Canada.

So yeah, at that point, I saw that just kind of niche, you know, kind of industry where we believe that we can easily kind of pull it off.

So yeah, 2016, we started it off.

Over the past two and a half years, it has been growing pretty well for us.

And Navi Bootstrapped or Raised?

No, no, no.

It's all internally funded by our parent company.

So yeah, our parent company is Bait, and they are funded by Tiger Global Management.

Sorry, who's it called?

So the parent company is Bait, but the investor behind Bait is Tiger Global Management.