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Investing in early-stage and other growth-focussed businesses can be very rewarding, but it involves a number of risks and challenges. The following risk factors are not intended as a substitute for professional legal, tax or financial advice. These risks factors are non-exhaustive and are intended to highlight certain risks associate with investing in securities (equity) that are not registered with the Securities and Exchange Board of India. This investment is highly speculative and should not be made by anyone who cannot afford to risk their entire capital contribution. In addition to these risks, you should carefully consider the specific information and risks disclosed by an issuer issuing the securities (referred to herein as the "Company"). We strongly advise you to consult an independent financial advisor before investing.